What is Quantitative Reliability Optimization (QRO)?
QRO is an evolution in reliability modeling that combines the best traditional methods, data science, and subject matter expertise to help you make confident business decisions.
All your reliability data and decisions in one location
Fed from existing systems and tools, Newton™ prioritizes specific actions across your entire facility and optimizes your approach based on current market conditions, facility operation and budgetary constraints.
Quantify the Uncertainty in Data and Link to Asset Performance
Use quantitative data to more precisely model each asset’s probability of failure, risk, availability, and remaining life. Leverage this information to understand asset degradation, likely time-to-failure, and when to take specific action.
Goal-Seek Reliability
By understanding how each asset, data point, and task affects facility performance, Newton™ recommends an optimal reliability execution plan that effectively balancing conflicting metrics of availability, cost, and risk to meet your strategic objectives.
Simulate Changes and See the Impact in Near Real-Time
Evaluate how any change, whether for one specific asset or entire process units, could impact facility performance. Newton™ replicates the entire facility down to every stored data point so you can compare multiple reliability plans in real-time.
Reliability Business Intelligence
Integrate reliability data and systems, harnessing Newton™ to visualize reliability performance and day-to-day operations to make better, faster decisions that drive reliability.
Make confident data-driven reliability decisions
With Newton™, see how your facility is performing, drill into performance drivers, and adjust asset management plans in near real-time to bring performance back in line.
Understand how your facility is performing across the board and identify where you need to direct your attention. With the facility dashboard you can view the overall health of your facility in one location.
A single place to configure your probability, consequence, and visualize your assets performance.
Asset Risk Analysis (ARAs) create a cause and effect link between all assets’ functions, failure modes, and failure mechanisms to identify the reliability and maintenance tasks that are needed to mitigate failures.
From capital project improvements to maintenance practice changes, scenario comparisons allow you to take a snapshot of your entire facility and examine reality versus proposed updates.
Know you are doing the right tasks at the right time.
Task Optimization helps facilities identify lost value in spend to ensure the highest return on capital and connect short-term actions to long-term strategies.
Newton™ leverages information where you are already collecting. That can range from a one time bulk import to living connections from your IDMS, CMMS, or data historian or even automated contextualization from multiple systems at once.
Reliability Solutions Elevated Through Newton™
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Risk-Based Inspection (RBI)
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Reliability Centered Maintenance (RCM)
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Condition Monitoring Location Optimization
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Quantitative Reliability Optimization
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Newton™: A Day in the Life
Whether you are a reliability engineer, maintenance manager, plant manager, or executive, Newton™ is built to bring visibility to reliability performance and operations to make your life easier. From being able to see daily activities that need to be completed to the linked overall fiscal impact, Newton™ has insights and recommendations at your fingertips.
Users
Understand how every action impacts performance, gain efficiency in data analysis, and model any scenario to understand how each input affects facility output.
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Management
Ensure plans are in place to achieve targets, drive measurable improvement in availability, and see a holistic view across all assets without silos.
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Executive
Enable integrated reliability, identify lost value in spend to ensure the highest return on capital, and connect short-term actions to long-term strategies.
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Want to see Newton™ in action?
Drive value with Newton™, get in touch with our team today.