Introduction to Asset Performance Management
Asset Performance Management (APM) software offered by AVEVA monitors assets in real-time to identify, diagnose, and prioritize impending equipment problems. By utilizing APM solutions, organizations can reduce unscheduled downtime, prevent equipment failure, and lower maintenance costs while increasing asset utilization, extending equipment life, and identifying underperforming assets. The primary goal is to maximize profitability and improve overall performance.
Key Features of AVEVA APM Solutions
AVEVA's APM solutions offer a range of key features to transform assets from cost centers into revenue drivers. These features include digital asset management for connected teams, prioritization, planning, scheduling, and execution of safe and compliant work, digitalization of work processes through extended reality and mobility, as well as the integration of AI and machine learning to enable predictive and prescriptive analytics. Furthermore, users can balance risk, cost, and performance to develop the most effective asset strategy.
Success Stories with AVEVA APM
An impressive example of the success of AVEVA APM solutions is highlighted with PETRONAS, where they saved $17.4 million and boosted their ROI x14 in the first year by implementing cloud-based AVEVA APM solutions. This not only reduced downtime but also avoided numerous lost time incidents, showcasing the tangible benefits of utilizing AVEVA's APM technology.
AVEVA Asset Performance Management Suite
AVEVA offers a comprehensive suite of APM solutions including Asset Strategy Optimization, Predictive Analytics, Advanced Analytics, Mobile Operator, Operational Safety Management, BI Gateway, Insight, and Monitoring and Diagnostic Services. Each of these tools is designed to enhance reliability, safety, and sustainability goals by improving asset performance, maximizing production efficiency, streamlining operations, improving maintenance management, and optimizing asset strategy.
Resourceful Blog Posts and Insights
AVEVA also provides valuable resources in the form of blog posts discussing topics like collaboration and data-sharing in the energy transition, the integration of AI in asset performance management for peak efficiency, and scaling for success by incorporating AI across the asset lifecycle. These resources offer insights into industry trends and best practices for optimizing asset performance and efficiency.
Connect with AVEVA Experts
For those interested in learning more about AVEVA's APM solutions, connecting with AVEVA product experts is a great way to gain further insights. By reaching out to experts in the field, individuals and organizations can explore how AVEVA's technology can help them exceed reliability, safety, and sustainability goals.
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