Asset Performance Management (APM): APM is a set of software tools and applications for optimizing operational assets (such as plants, equipment, and infrastructure) essential to the operation of an enterprise.
Organizations invest in APM tools and technologies to reduce unplanned repairs (downtime), improve asset availability, minimize maintenance costs and reduce the risk of failure of critical assets. APM tools can improve an organization's ability to comply with regulations that prescribe how assets are inspected and maintained.
APM uses data capture (IIoT), integration, visualization and analytics to improve operations and maintenance timing and to identify which maintenance and inspection activities to perform on mission-critical assets.
With IIoT valuable, real-time data is available to analyze asset performance. Sensor data can include temperature, speed, energy usage, vibrations and much more, giving your team the ability to diagnose issues before they are critical.