The Economic Impact Achieved through Asset Performance Management Solutions
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- 16/03/2023 - 3:00 pm - 4:00 pm IST
Recent technological advances in the industry have enabled the development of critical asset monitoring and management systems that have expanded as part of strategies known as Asset Performance Management. Focusing on Reliability Analytics to Asset Condition Monitoring, these strategies should reach an investment of USD$4.5 billion by 2026, according to Verdantix, a company specializing in research for a world-enhancing innovation.
When successfully deployed, customers obtain several benefits from APM solutions: cost savings by shifting to predictive from preventive or corrective maintenance; elimination of unplanned downtime by intervening before equipment fails; and a reduction in worker accidents and environmental damage by mitigating the risk of industrial accidents.
The flexibility of the approach, which allows it to reach several different levels of operation optimization, is one of the crucial aspects that justify the expected investments. In general, APM provides the necessary transparency to optimize the operation, understand priorities, increase workers’ safety, and generate a drastic decrease in the industry’s OPEX.
Key areas to be covered:
- The definition of Asset Performance Management
- APM through history
- Market numbers
- How does it work a Digital APM Framework
- What Solutions can be expected from APM?
- Case studies
- The future of Asset Performance Management
You should attend, if you are responsible for:
- Fabric Maintenance
- Facilities Management
- Equipment Performance
- Prescriptive and Predictive maintenance
- Digital transformation in operation
- Process data analytics implementation
- Operational optimization
Industries which can benefit from the webinar:
- Oil & Gas
- Pulp and Paper
- Energy and Renewables