To date, Asset Performance Management (APM) has been a poorly understood and underutilized opportunity for asset-intensive industries. Too often, reliability and maintenance professionals' ideas for creating value through maintenance have been sidelined by larger objectives. The reality is that their ideas do so much more than align to these broader goals — they are instrumental in helping operations staff achieve them.
Yet, over the last 20 years, industry has pushed assets, people and related maintenance technology to their limits to meet these objectives. Efforts have yielded some success through reduced downtime, improved safety, and workforce efficiency, but it’s not enough and there’s tremendous untapped potential.
This ebook explains the evolutionary path of APM, and how to achieve greater enterprise profitability with APM 4.0 by managing the asset lifecycle in the IIoT/connected plant era.