Asset Performance Management (APM) is the evolution of Enterprise Asset Management (EAM), so how will this technology now be applied inside the Industry 4.0 universe to give us the Maintenance 4.0 intelligence we will need to keep running?
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Living the EAM Dream: How asset management has changed
Key Takeaways
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Asset Performance Management (APM) represents the evolution of Enterprise Asset Management (EAM), enabling organizations to better understand and optimize their assets through predictive analytics, real-time data, and integration with Industry 4.0 technologies.
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APM systems facilitate a shift from reactive maintenance to proactive asset management by harnessing data from various sources, which leads to improved efficiency, reduced downtime, and enhanced decision-making across the enterprise.
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The implementation of APM, supported by AI and IoT, not only enhances asset reliability and sustainability but also contributes to significant cost savings and operational improvements, marking a critical evolution for companies in the digital era.
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