Compass to APM 4.0: From Maintenance and Reliability to Performance and Sustainability
The priorities of industrial manufacturers are changing. While minimizing asset downtime and maximizing production and quality remain important, sustainability and operational initiatives are becoming intricate parts of a company’s strategic objectives. Increasingly, they are relying on asset performance management (APM) software to meet the challenges of volatile market demands and supply chain disruptions and optimize overall asset performance.
A recent study by independent research firm Verdantix revealed how APM 4.0 solutions can help companies:
- Reduce maintenance-related costs to improve efficiency and performance
- Achieve their sustainability and digital transformation objectives
- Tackle the challenges associated with increasing failure and risk complexities
Download this report to learn why APM 4.0 is well-positioned to support industrial companies on their evolving digital journeys.
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A recent study by industry analyst firm Verdantix found that 56% of respondents believe that asset performance management (APM) is essential to business success, but few have executed on APM strategies and documented the business value. While APM has traditionally been the domain of maintenance and reliability engineers, its place within process-intensive industries is evolving.