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What is Asset Performance Management?
AVEVA Asset Performance Management (APM) software monitors assets to identify, diagnose, and prioritize impending equipment problems—continuously and in real-time. Prevent equipment failure, minimize unscheduled downtime, and reduce maintenance costs while increasing asset utilization, extending equipment life, and identifying underperforming assets. Maximize reliability and performance and improve profitability with AVEVA APM solutions.
Benefits of asset performance management software
Transform assets from cost centers into revenue drivers.
Digital asset management for connected teams
Prioritize, predict, schedule, and execute safe, compliant work. Digitalize work processes with AI and mobility.
Smarter operations with AI and machine learning
Use predictive and prescriptive analytics to make your operations predictable and more efficient, on-premises, or in the cloud.
Balance risk, cost, and performance
Prioritize assets to business goals and sustainability KPIs. Optimize maintenance strategies. Maximize return on asset investment.
Solve production challenges
Optimize processes that reduce waste, increase quality, improve energy efficiency, optimize throughput, reduce downtime, and predict asset life.
99%
plant reliability obtained at SCG Chemicals
$17.4M
annual savings at PETRONAS
10%
material savings at Nestle
4.6%
reduction in energy consumption at Acciona
Asset Performance Management use cases
- Uptime and efficiency
- Asset strategy
- Connected worker
Maximize uptime and efficiency
- Scalable solution with deep diagnostics and prescriptive guidance
- Detect issues early with AI-driven anomaly detection
- Easy to deploy with no-code templates and models for reliability, quality, energy efficiency, throughput, and more
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Strategic assets, measurable returns
- Align asset strategies with business goals and justify investment decisions
- Boost availability while cutting maintenance, inspection, and spare parts costs
- Reduce your carbon footprint with insight into current and future CO₂ impact
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Mobile tools for operations efficiency
- Empower your workforce with mobile access to real-time data and guidance
- Share comprehensive reports easily across teams via web-based access
- Drive sustainable process improvements with safe, reliable, and profitable operations
Learn more about
Related products
FAQs
AVEVA APM delivers all technologies you need for end-to-end reliability and performance management. It contains solutions for risk-based asset strategies, advanced analytics, machine learning, connected data, mobile workforce enablement, and enterprise visualization to help improve reliability and performance, reduce downtime, and extend asset life. Key features include:
- Real-time condition monitoring that consolidates sensor, operational, and engineering data for continuous insight into asset health
- Predictive and prescriptive analytics powered by AI and machine learning to detect early signs of failure and recommend targeted maintenance actions
- Production optimization using real-time production parameters and advanced analytics to maximize throughput and minimize inefficiencies
- Risk-based asset strategy optimization to balance performance, cost, and risk across the asset lifecycle
- Integrated digital twin technology for visualizing operations, simulating performance, and improving collaboration
- Mobile-enabled operations to support field teams with contextual data and faster decision-making
- Seamless integration with existing systems like CMMS, ERP, and data historians to unify workflows
At the center of this ecosystem is a real-time decision environment that brings together data, insights, and digital visualization into one intuitive platform. It enables operations, maintenance, and engineering teams to collaborate around a shared view of asset performance, leading to faster issue resolution, reduced maintenance costs, and zero unplanned downtime.
Implementing Asset Performance Management (APM) helps you shift from reactive to proactive operations, reducing unplanned downtime, lowering maintenance costs, optimizing production, and extending asset life. By using real-time data, predictive analytics, and digital visualization, it enables you to detect issues early, prioritize high-risk assets, and make faster, more informed decisions.
It also helps you align operations, maintenance, and engineering around a common view of performance, improving collaboration and reducing operational risk.
In short, APM isn’t just about fixing failures. It’s about building a culture of reliability, resilience, and smarter asset management.
With AVEVA Asset Performance Management, you can improve asset utilization by using real-time data and predictive insights to keep equipment running at peak performance for longer. The software helps you identify underperforming assets, eliminate inefficiencies, and reduce downtime by detecting issues before they impact operations.
By integrating data across your enterprise, from operations to maintenance to engineering, you get a complete view of asset health and performance. This allows you to optimize maintenance schedules, avoid unnecessary shutdowns, and ensure assets are available when they are needed most.
Teams can visualize performance trends, prioritize actions based on risk and impact, and collaborate more effectively. The result is higher availability, better throughput, and maximum return on asset investment.
Asset Lifecycle Management (ALM) focuses on managing physical assets from design and engineering through procurement, installation, operation, and eventual decommissioning. It ensures that assets are planned, executed, and documented properly throughout their full lifecycle to support long-term capital investment decisions and regulatory compliance. Find out more about Asset Lifecycle Management (ALM)
Asset Performance Management (APM), on the other hand, focuses on how assets perform once they are in operation. It uses real-time data, analytics, and AI to monitor asset health, predict failures, optimize maintenance, and improve reliability and availability. APM helps you get the most value out of assets by reducing downtime, extending asset life, and minimizing risk.
Resources
- Webinar
Transform asset reliability with generative AI
- Blog Post
Scalability in industrial analytics: How automation and integration drive success
- Blog Post
