Updated Power-MI asset taxonomy according to ISO 14224:2016

CTO, Power-MI
eventJanuary 7, 2019

A taxonomy is a systematic classification of items into generic groups based on factors possibly common to several of the items.

Standardization of the asset taxonomy facilitates the exchange of information between e.g. plants, owners, manufacturers and contractors.

Assets in Power-MI are now named according to ISO 14224:2016 which defines comprehensive basis for the collection of reliability and maintenance data in a standard format.

Power-MI added new asset icons to its catalog. The new assets added are:

  • Turboexpander
  • Heat exchanger
  • Heater or boiler
  • Vessel
  • Wellhead or Xmas tree
  • Drilling rig
  • Uninterruptible power supply (UPS)
  • Control logic unit
  • Valve
  • Fire and gas detector
  • Process sensor
  • Nozzle

Power-MI groups assets into these families:

  • Rotating equipment
  • Mechanical equipment
  • Electrical equipment
  • Safety and control


Power-MI is a cloud based Industry 4.0 workplace that allows managing predictive maintenance professionally and it is extremely easy to use. The development of all software functionalities is based on user feedback. This enables us to continuously improve our solution while keeping it intuitive and straightforward for optimal user experience.

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Power-MI is a cloud based solution that allows you to write, organize and share predictive maintenance reports for industrial machinery in a very easy way.

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