Asset Performance Management

VALUE PROPOSITION

Asset efficiency, security, availability and reliability

The performance of assets depends on how they are managed over time, and this is where Asset Performance Management comes into play.

Asset Performance Management (APM) includes the capabilities of data acquisition, integration, visualization and analysis, linked together with the explicit purpose of improving the reliability and availability of physical assets throughout their life cycle in accordance with business goals.

When an asset fails, the most common way is to act immediately after the critical situation occurs to reduce the risks.

On the other hand, APM, through the quantitative and qualitative improvement of information on the condition of the asset, uses advanced data analysis techniques and artificial intelligence to determine the probability of occurrence of a criticality relating to a specific element and supports the company teams in minimizing equipment breakdowns and unplanned repair work, increasing the availability of resources and extending their life, reducing maintenance and extraordinary intervention costs.

APM benefits:

Loading...

Remotely monitoring critical resources and operations

and aggregating operational status information and continuously processing physical data with process parameters, by providing enterprise-wide visibility into performance
Predicting the occurrence of degradation or failure

and developing a decision-making approach based on the current state of the asset with the assignment of priorities to the areas of greatest interest
Optimizing inspection, maintenance and replacement strategies

of assets based on the level of risk and criticality