August 16, 2020, 1:12 am

Asset Performance Management (APM) – What is an Asset Performance Management system?

Over recent years, Assetivity has seen an increasing uptake of Asset Performance Management (APM) Systems in capital intensive industries.  We have supported clients to develop and refine their APM business requirements, test the market for suitable solutions, and then proceed to implementation.  We are also actively using client APM systems to develop and optimise equipment maintenance strategies for greenfield and brownfield assets.

Given the increasing interest in APM systems, we want to share with you our observations and perspectives on Asset Performance Management and will cover what Asset Performance Management Systems do, where they fit within the Asset Management information systems landscape, what businesses hope to achieve by implementing APM solutions, the most common challenge we see to successful uptake, and how to avoid them, and finally the things that you can do to ready yourself for implementation.

This is the first in a series of four articles relating to Asset Performance Management and will focus in the first three points – what is an APM system, where does it fit in the Asset Management information system landscape, and the what businesses hope to achieve through implementation.

In subsequent articles, we will explore:

  • What are the key issues we see in APM implementations, and how to avoid them;
  • The importance of driving action from insights; and
  • APM Systems – are you ready.

Read the full article

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