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Atlantic Power Energy

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Importance of Real-Time Asset Monitoring

Asset monitoring has become a cornerstone of modern industry. Using IoT (Internet of Things) technologies, it enables the collection, analysis, and visualization of real-time data about equipment status and performance. This approach reduces risks, optimizes maintenance, and prevents costly downtime.

Why is it so important?

Many companies still rely on reactive maintenance: repairing equipment only after it breaks. This approach hides enormous indirect costs, as illustrated by the Iceberg Model: production downtime, energy inefficiency, and penalties often outweigh direct repair expenses.

By implementing CMMS (Computerized Maintenance Management Systems) and IoT, companies can shift to a proactive reliability-centered approach, turning raw data into actionable information that prevents failures and extends equipment lifespan.

Case study: Capacitor banks

The study highlights capacitor banks used for power factor correction. These often fail due to blown fuses, overheating, or exceeded relay switching limits. Failures result in ineffective compensation and economic penalties from utilities.

With CMMSedge, companies achieved:

  • Early detection of failures through thermal imaging and temperature monitoring.

  • Real-time tracking of power factor, voltages, and currents.

  • Automated alarms, work orders, and event reporting.

Benefits of CMMShere Edge

  • Real-time monitoring and historical data visualization.

  • Customizable alarms with adjustable criticality.

  • Automatic work order generation.

  • Tailored reporting options.

  • Remote parameter control.

  • Scalability for diverse industrial assets.

Conclusion

Every critical asset should be monitored in real time. Implementing solutions such as CMMShere Edge ensures operational continuity, reduces hidden costs, and transforms raw data into strategic insights. For industries like energy, manufacturing, and telecom, these platforms are the foundation of modern, safe, and efficient asset management.

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