AssessLIFE Software for Automation of Asset Degradation to Estimate Asset Life and Degradation Drivers

Abstract

The AssessLIFE software is a solution platform that analyzes and reveals if industrial physical assets made of metals, alloys, and welds can survive their exposure or ambient conditions. The software also reveals when time-dependent premature failure is likely to occur. The software can generate great financial and safety benefits for all stakeholders. Furthermore, the AssessLIFE software aims to provide asset information for better financial and technical decision-making by managers, engineers, legal teams, insurance teams, fabricators, and inspectors.