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Driving Asset Performance Management With Digital Technologies

Mar 07, 2025 - forbes.com
In the modern industrial landscape, manufacturers are increasingly adopting advanced asset performance management (APM) systems to enhance asset performance and minimize downtime. This shift is driven by the evolution of enterprise asset management (EAM) and computerized maintenance management systems (CMMS), which now incorporate digital transformation technologies such as cloud computing, mobile, IIoT, and AI. These technologies enable proactive asset management, streamline maintenance processes, and improve interdepartmental communication. SaaS models, in particular, offer cost-effective and scalable solutions, making APM accessible to a wider range of organizations.

AI-driven insights play a crucial role in predicting equipment failures and optimizing asset performance by analyzing data from sensors and other sources. This allows for proactive maintenance scheduling and operational improvements, ultimately reducing costs and increasing efficiency. Successful implementation of CMMS and AI technologies requires careful planning, including clear goal definitions, data integrity, and user training. By fostering connected teams and integrating with key operational systems, manufacturers can ensure seamless information flow and maintain consistent asset performance data across the organization.

Key takeaways:

  • Advanced asset performance management (APM) is crucial for industrial manufacturers to maximize asset performance and minimize downtime.
  • The rise of SaaS and IIoT technologies enables proactive asset management, improving efficiency and scalability for diverse organizations.
  • AI-driven insights enhance asset management by predicting failures and optimizing performance, leading to cost savings and increased efficiency.
  • Effective implementation of CMMS solutions requires clear goal definitions, data integrity, and user training to ensure seamless integration and collaboration.
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