SAP Innovations Enable Digital Transformation in Asset Management

HANNOVER, Germany, April 25, 2016 /PRNewswire/ -- SAP SE (NYSE: SAP) has introduced SAP® Asset Intelligence Network and the SAP Predictive Maintenance and Service solution to help equipment manufacturers, service providers and asset operators benefit from the Internet of Things as the proliferation of sensors and smart devices transforms asset management.

These two innovations provide the applications and the business network necessary to enable new insights and the ability for all stakeholders in asset management to move from a reactive to a more proactive approach. The announcement was made at Hannover Messe 2016, a leading trade fair for industry technology, being held April 25–29.

"We are now at a point where business challenges such as balancing cost, risk and performance meet technology enablers like in-memory analytics and cloud-based platforms for collaboration to initiate a quantum leap in operational excellence," said Hans Thalbauer, senior vice president, Extended Supply Chain, SAP. "Connectivity across the Internet of Things is helping machines talk to business information systems, and our new offerings provide the network and ability to take insight to outcome, creating a completely new digital asset lifecycle."

SAP Asset Intelligence Network Helps Ensure Data Quality in Product and Asset Lifecycle 
SAP Asset Intelligence Network offers a single, global register of model and equipment information. The network provides a secure cloud platform to connect multiple business partners for inter- and intra-company collaboration in a central clearinghouse and communications hub. Using a cloud-based portal sharing standardized content helps ensure a consistent definition among business partners.

"I expect that every device we manufacture at Endress+Hauser is automatically available with all relevant lifecycle information in the SAP systems of our customers," said Klaus Endress, president of the Supervisory Board, Endress + Hauser. "Appropriate information at the needed time is of unimaginable value because this improves the efficiency and therefore the results of the entire company."

SAP Asset Intelligence Network permits SAP S/4HANA to facilitate business-to-business integration for asset data. With a common definition of equipment, greater transparency and common data, the network provides not only the collaboration platform for asset-related information but also the business context for predictive maintenance and service. Advanced analytics information for identifying and understanding trends can be shared across the network, and it is possible to notify both manufacturers and operators about imminent shortfalls or failures.

See more detail on the SAP Asset Intelligence Network at www.sap.com/ain or the blog here. 

SAP Predictive Maintenance and Service Cuts Costs, Boosts Reliability
SAP Predictive Maintenance and Service is designed to help businesses decrease maintenance and service costs, while boosting availability and reliability of enterprise assets. Using predictive analytics on the SAP HANA® platform, the solution processes vast amounts of real-time operational data from sensors and smart assets.

SAP Predictive Maintenance and Service provides built-in capabilities that analyze sensor data and monitor equipment behavior remotely for businesses in asset-intensive industries as well as original equipment manufacturers (OEMs) offering new service business models for their customers. The solution provides predictive models for machine learning and closed-loop integration with business systems to trigger corrective actions in service and maintenance systems to avoid unplanned downtimes.

"Being able to anticipate events and maintenance operations helps increase the efficiency and performance of our enterprise assets," said Falko Lameter, CIO of Kaeser Kompressoren. "SAP Predictive Maintenance and Service enables us to align our products and services more closely with our customers' use patterns and operating needs."

For more detail on SAP Predictive Maintenance and Service, please visit sap.com and see the blog here.

For more information, visit the SAP News Center. Follow SAP on Twitter at @sapnews.

About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable approximately 310,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

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