The Value of Asset Performance Management

September 4, 2020 - Research U127

Asset Performance Management (APM) software solutions help asset-intensive industries such as transportation, manufacturing, oil and gas, and utilities maximize the value of their critical assets using a holistic approach to managing operations. Organizations using a reactive, “if it’s not broken, don’t fix it” approach suffer from unplanned downtime which can result in lost production, consequently affecting revenue. Asset performance management is one of the most efficient ways to monitor and manage critical assets and optimize lifecycles and performance, leveraging investments made within an enterprise. APM software integrated with IoT, historical, and condition-based data produces predictive analytics driving optimal asset performance and usability.