Asset integrity and maintenance are crucial to the organisation because it ensures seamless and continuous production in a safe manner. It is also an established fact that maximizing production is dependent on the health of physical assets. Further, asset integrity is one of the elements that is considered while evaluating risks in operation and maintenance. Hence its importance cannot be overemphasized.

The global asset integrity management market, in terms of revenue, is expected to grow to about USD 28 billion in 2028 from around 20 billion in 2021 at a CAGR of 4.7%. It is interesting that the Asia Pacific region is set to register the fastest growth in this period.

The challenges faced by the asset management industry in India and many other parts of the world are essentially three-fold such as organisational - integration of the asset integrity management function into the mainstream business activities, talent related - getting qualified and experienced people, Incorporation of the latest technology advances, especially in software and information technology

This summit on asset integrity and maintenance assumes importance because it will deal with the requirements of operational excellence with equipment and systems that are designed and operated within the intended parameters, and with testing and maintenance that is required according to protocols. With the participation of industry leaders who can throw more light on the subject, this summit promises to be engaging and interesting.

• Potential of robotic process automation (RPA) in process deviations wrt asset integrity
• Digitization of industrial assets is a must for a result-oriented reliability programme in an industry 4.0 environment
• Practical implementation and challenges of digital twin and asset integrity
• Risk assessment, risk mitigation, and security management of oil and gas storage installations
• Right bend of maintenance strategies - Reactive Vs Proactive
• Case study - Diagnostics and troubleshooting of industrial compressors