KBR (NYSE: KBR) announced today the release of Asset Ikigai, an ISO 55001-certified, next generation asset management framework to help customers maximize the value they can realize from their physical asset portfolios.
Asset Ikigai combines asset management activities, information, programs and strategies into a single data, analytics and process framework. It includes a cloud-based, asset analytics tool that is now available to government and commercial customers worldwide.
KBR developed Asset Ikigai to help its customers transition to next generation asset management (NxAM). NxAM represents a paradigm shift in how asset portfolios are managed, transitioning from a narrow, process-focused, maintenance-centric approach to a multi-disciplinary, interdependent, data-centric, asset-focused approach. Consequently, the Asset Ikigai analytics offering spans the entire asset lifecycle and encompasses maintenance, reliability, capital planning, capital project execution, asset risk management, and energy and sustainability. Because it is vendor agnostic and technology neutral, Asset Ikigai leverages existing customer systems and technologies, including digital tools, such as smart sensors, Internet of Things (IoT), digital twins, artificial intelligence and machine learning.
“For more than 40 years, our customers have trusted KBR to manage billions of dollars of mission-critical assets around the globe,” said Byron Bright, president of KBR Government Solutions U.S. “The Asset Ikigai analytics package provides new insights into asset operation and performance that drive increased mission readiness and optimization of the balance between cost and risk. Our ISO 55001 certification demonstrates our commitment to delivering the best for our customers.”
ISO 55001 is the international standard for asset management systems. Achieving this certification demonstrates KBR’s commitment and leadership in the NxAM space.
KBR has begun implementing the first phase of Asset Ikigai at customer sites in Europe, Africa, and the Middle East, with Asset Ikigai’s full analytical services now available worldwide.