Leveraging IIoT Technologies to Reduce Valve-Related Unplanned Downtime

At ARC Advisory Group's 20th Annual Industry Forum in Orlando, Florida, Shawn Anderson, Senior Research Specialist for Fisher Valves, a division of Emerson Process Management, gave a presentation on how the company is leveraging the Industrial Internet of Things (IIoT) to help end users reduce valve-related unplanned downtime.

Mr. Anderson's group at Emerson initially began looking at adopting IIoT technologies as a way to collect more valve health data from the field and provide more realistic valve failure information than could be generated in a lab. It soon became apparent that IIoT technologies were a natural fit for developing a remote monitoring service to help optimize customers' valve maintenance practices. ARC observes that other leading companies also appear to be heading down a similar path; leveraging IIoT-enabled technologies to deliver new and more effective predictive or prescriptive maintenance services for critical assets.

In his Forum presentation, Mr. Anderson shared Fisher Valve's strategy, benefits achieved, lesson learned, planned enhancements, and recommendations for others considering adopting IIoT technologies to optimize maintenance.

In the process industries, one of the most important, yet often over-looked assets, are control valves. Without reliable control valve operation, most processes quickly become uncontrollable leading to unplanned downtime.

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Keywords: Control Valves, Predictive Maintenance, Process Analytics, Industrial Internet of Things (IIoT), Expertise as a Service (EaaS), Seeq, ARC Advisory Group.