Compass to APM 4.0: From Maintenance and Reliability to Performance and Sustainability
The priorities of industrial manufacturers are changing. While minimizing asset downtime and maximizing production and quality remain important, sustainability and operational initiatives are becoming intricate parts of a company’s strategic objectives. Increasingly, they are relying on asset performance management (APM) software to meet the challenges of volatile market demands and supply chain disruptions and optimize overall asset performance.
AspenTech enables producers to improve cost competitiveness, reduce operational risks and increase return on capital across their most complex assets.
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The Future of APM 4.0 – Beyond Maintenance to Performance and Sustainability
A recent study by industry analyst firm Verdantix found that 56% of respondents believe that asset performance management (APM) is essential to business success, but few have executed on APM strategies and documented the business value. While APM has traditionally been the domain of maintenance and reliability engineers, its place within process-intensive industries is evolving.
Plant Services Special Report: How Machine Learning is Revolutionizing FMEA
A revamp is underway of a widely revered strategy to avoid or mitigate industrial equipment failures. The failure modes and effects analysis (FMEA) is a core Six Sigma tool for improving processes and products. Recent technology advancements are breathing new life into this longtime, largely unchanged best practice.
On Demand Webinar
Leverage Existing Data to Improve Mining Operations
The mining value chain is complex as companies struggle to safely collect and analyze data across a growing network of devices, personnel and equipment. The faster you can gain insights from this data, the better your operation will run.
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