Diriyah Company, which is developing the $63.2 billion Diriyah Project, a 14-square-kilometer urban development near Riyadh, has selected IBM Maximo Application Suite (MAS) for its asset management. The Diriyah Project is a Public Investment Fund (PIF) Giga project to create a smart city in the country.
IBM Maximo, Big Blue’s enterprise asset management (EAM) solution, will empower Diriyah to optimize asset performance, implement predictive maintenance, and streamline operations. This deployment marks a significant step towards realizing Diriyah’s vision of a technologically advanced and sustainable urban center.
Implementation is already underway. Diriyah is leveraging Maximo’s AI-driven capabilities for real-time asset monitoring, predictive analytics, and condition-based maintenance. This approach minimizes downtime and ensures the long-term sustainability of Diriyah’s infrastructure.
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By consolidating critical workloads, including AI-powered asset performance analysis, real-time condition monitoring, and predictive analytics, into a single platform, Diriyah anticipates significant gains in operational reliability and cost efficiency.
“[The collaboration] exemplifies the vital role that efficient asset management plays in striking the right balance to achieve rapid urbanization, sustainable operations, and superior operational standards,” said Jerry Inzerillo, Group CEO of Diriyah Company. “It is another important milestone in our accelerating development program to build our vibrant new city on the outskirts of Riyadh.”
The implementation of IBM Maximo aligns with Diriyah’s hybrid cloud strategy. IBM’s flexible deployment model, integrating on-premises infrastructure with cloud environments, facilitates enhanced data-driven decision-making, more efficient asset utilization, and increased resilience. These factors are crucial in Saudi Arabia’s rapidly evolving urban landscape. This strategic partnership with IBM reinforces Diriyah’s dedication to leveraging cutting-edge technology for sustainable urban development and setting new standards for smart city technology.
According to Fahad Alanazi, General Manager, IBM Saudi Arabia, “Through the integration of predictive maintenance and real-time monitoring capabilities within IBM Maximo Application Suite, Diriyah Company stands poised to catapult its asset management practices into unprecedented heights.”
What This Means for ERP Insiders
The right implementation partner streamlines complex projects. Diriyah has chosen eSolutions Saudi Arabia as its partner to implement MAS. According to Ziad Lamaa, General Manager of eSolutions Saudi Arabia, his company will help Diriyah optimize performance, maximize Maximo’s efficiency, and help deploy the EAM smoothly for a smooth and successful rollout. Diriyah’s use case demonstrates the benefits of a centralized approach through an implementation partner for large, complex projects. This is highly relevant for any organization seeking to improve asset lifecycle management and reduce operational costs.
Predictive maintenance reduces downtime. Maximo’s AI-driven predictive analytics enable organizations to proactively anticipate equipment failures and schedule maintenance, minimizing costly downtime and maximizing asset lifespan. Diriyah’s use case demonstrates this as the company’s utilization of MAS will help it predict future infrastructure needs and proactively address them. This applies to any organization with complex equipment, from manufacturing to transportation.
Real-time asset monitoring can optimize performance. Maximo provides real-time visibility into asset performance, allowing organizations to identify and address potential issues before they escalate. Diriyah’s implementation showcases how this can be applied to large-scale infrastructure projects, ensuring smooth operations and efficient resource allocation. This is valuable for businesses managing diverse asset portfolios, such as utilities or facility management.
