Our Asset Performance Management (APM) solutions inform the decisions that maximize edge-to-enterprise performance by bringing together decades of domain expertise with leading technology capabilities.
Part of the Baker Hughes Cordant portfolio, our integrated approach to APM optimizes Asset Strategy Management, Asset Health Monitoring, Defect Elimination, and Analytic Insights to achieve the best balance of cost, risk, and performance.
Why Asset Performance Management
Reduce maintenance costs
Make data-driven decisions to reduce the cost of maintenance without impacting desired performance or risk.
Effectively manage risk
With a complete view of asset health and risk across your operations, you can prioritize activities that allow you to effectively manage risk.
Deliver predictable performance
Create a seamless connection between asset condition, strategy, defect elimination, and work execution to enable effective management of unplanned costs, mitigation of risk, and avoidance of catastrophic failure.
Many limitations of traditional APM stem from the siloed nature of the underlying functions, tools, and data and the disconnects between foundational systems; asset strategy, condition monitoring, defect elimination, and work management. Compounding this is the addition of new capabilities, such as artificial intelligence (AI) and machine learning (ML).
Our approach to Asset Performance Management generates performance improvement and productivity gains by connecting these discrete silos and augmenting the digital solution with rich diagnostics and reliability strategy content libraries, and APM services.
Five Commons Pitfalls of Traditional APM
In this blog, we examine the five common pitfalls associated with traditional APM and share the benefits of a new integrated approach.
While 70% of organizations today have either implemented or are working on implementing a strategy for digital transformation, only about 16% have realized long-term performance improvements. Such organizations have the right intentions and understand the basic benefits of an asset performance management approach but results of a successful transformation are hindered by traditional silos of functions and data stores within their work processes.
Unparalleled depth and breadth Asset Performance Management
ASM gives you the ability to rapidly deploy new strategies or changes to existing strategies with a consistent structure and assured data quality to deliver immediate value.
AHM enables continuous health monitoring of your assets, alerting users when impending failure modes are identified enabling intelligent operations and condition-based maintenance.
DE provides a scalable enterprise approach to defect elimination and root cause analysis of significant or recurring failures. Using one system to capture and manage all analysis, learnings, events, and implementation provides a foundation for organizational Intellectual Property development and leverages excellence across all sites and departments
Analytic Insights encompasses the collection of proven Bently Nevada machine health monitoring analytics built around our decades of subject matter expertise and engineered to provide a variety of machinery insights from the edge to the Cloud.