What is Asset Performance Management?
Asset Performance Management, often known by the acronym APM, monitors assets to identify, diagnose, and prioritize impending equipment problems – continuously and in real time. APM empowers organizations to reduce unscheduled downtime, prevent equipment failures, reduce maintenance costs, increase asset utilization, extend equipment life, and identify underperforming assets to support their business objectives.
At the heart of APM is the concept of maximizing profitability by balancing risk, cost, and performance of the plant, of the assets, or of the people that are operating all those things.
APM is not a destination. There is a dynamically evolving digital transformation happening in APM. The intersection of Industry 4.0, IIoT, and technologies such as predictive maintenance, the Cloud, big data and mobility are bringing assets to the forefront of the business. This is the future of APM – APM 4.0. Leveraging APM 4.0, assets can be transformed from cost centers to key drivers of revenue and profitability
of millions saved with predictive analytics
reduction in maintenance costs
improvement in workforce efficiency
reduction in unplanned downtime
Operations Excellence, Measure and Optimize
Digital Asset Performance Management Roadmap
APM 4.0 with Predictive and Prescriptive Analytics
A Universal Framework Toward Prescriptive Maintenance
AVEVA’s APM solutions are revolutionary
AVEVA connects people and assets with technology that improves industrial efficiency, safety and reliability. When industry leaders leverage a comprehensive digital transformation strategy that uses real-time data to predict outcomes and provide guidance, they can ensure business continuity, maximize return on capital, and enhance customer experiences.
Our comprehensive portfolio of Asset Performance Management solutions and deep domain expertise have led to proven success with customers across the globe.
Free your teams to spend less time analyzing data and more time increasing the speed and efficiency of your operations by harnessing the power of predictive and prescriptive analytics.
Prioritize, plan, schedule, and execute safe and compliant work using AVEVA’s integrated APM solutions. Digitalize work processes with extended reality and mobility.
Connect your people, processes, and technology to rapidly deploy a risk-based asset strategy tied to business objectives. AVEVA’s pre-built asset libraries build on more than 20 years of industry-specific data to help you accelerate asset strategy deployment.
We Offer a Comprehensive Asset Performance Management Solution
Our APM platform gives you the tools to exceed reliability, safety, and performance goals
AVEVA APM Assessment
Formerly Known As APM Assessment
APM Assessment enables customers to gain an understanding of the status of their business and opportunities that will provide the quickest financial return.
AVEVA Asset Strategy Optimization
Formerly Known As Risk-Based Maintenance
AVEVA Asset Strategy Optimization software helps businesses improve asset performance by integrating risk and asset criticality into an overall asset performance management strategy.
AVEVA Predictive Analytics
Formerly Known As PRiSM Predictive Asset Analytics
A unifying multi-dimensional information model to aggregate data from multiple sources and provide context for use with reporting/ dashboard tools. Improve plant performance in near real-time by enabling rich analytics in your BI tool on industrial data.
AVEVA Insight delivers actionable information and Artificial Intelligence capabilities to help your teams improve asset reliability and operational performance.
AVEVA Operational Safety Management
AVEVA Operational Safety Management enables asset operators to eliminate, minimize, or mitigate operational risk while optimizing asset performance.
AVEVA Enterprise Asset Management
Formerly Known As Avantis. PRO Enterprise Asset Management
Enterprise Asset Management is a comprehensive solution for providing maintenance management, inventory management, and more.
AVEVA Mobile Operator
Formerly Known As IntelTrac Mobile Operator Rounds
AVEVA Mobile Operator software combined with mobile devices improves operations efficiency, streamlines maintenance management, and increases regulatory compliance visibility.
AVEVA™ Asset Information Management
AVEVA Asset Information Management a powerful Asset Information Management solution for engineering and operations. It brings together information from multiple sources and in multiple formats to enable users across your business to securely access, visualize, validate and collaborate on the Digital Twin data.
APM Success: Where do I Start
Implementing any APM strategy is a journey. An optimal strategy accounts for more than the performance of a single piece of equipment, line, or plant – it needs to include business impact and market conditions as well. Plant managers must balance improving asset performance and reliability with reducing operating costs, all while ensuring regulatory compliance and increasing overall equipment effectiveness (OEE).
Before beginning the process of implementing an APM strategy it’s critical that you know what needs to be accomplished, whether that goal is achievable, and the expected measurable impact on the company’s bottom line. An APM Assessment is an invaluable tool in planning your journey.
By consulting with the experts, you can lay the foundation for improved asset performance, reduced downtime, and improved regulatory compliance.