Asset Performance Management

AVEVA APM

AVEVA’s Asset Performance Management (APM) software helps you monitor your assets in real time to identify, diagnose, and prioritize potential equipment issues. The goal? Reduce unscheduled downtime, prevent failures, trim maintenance costs, extend asset life, and improve utilization — all while balancing risk, cost, and performance.

Features

1. Digital Asset Management for Connected Teams: Prioritize, plan, schedule, and execute safe, compliant work. Leverage mobility and extended reality tools to streamline work processes.
2. AI & Machine Learning-Driven Analytics: Use predictive and prescriptive analytics (either on-premises or in the cloud) to catch issues before they escalate and to make operations faster and more efficient.
3. Strategic Asset Optimization: Prioritize the most critical assets, understand failure behaviors, and define effective mitigating strategies. Align maintenance strategy to risk and performance goals.
4. Operational Efficiency & Sustainability: Drive improvements in energy efficiency, throughput, quality, and overall process optimization. Reduce waste, improve asset life, and ensure reliability.

Use Cases

1. Asset Strategy Optimization: Define risk-based strategies for critical assets, map failure modes, and devise mitigation.
2. Predictive Analytics: Formerly known as PRiSM Predictive Asset Analytics, it helps detect anomalies and foresee failures to reduce unplanned outages.
3. Advanced Analytics: Cloud-based predictive & prescriptive insights to optimize production, improve throughput & quality.
4. Mobile Operator: Formerly “IntelaTrac Mobile Operator Rounds”; facilitates mobile field work to boost compliance, simplify inspections & audits.
5. Operational Safety Management: Manage risks, ensure operations meet safety, regulatory, and performance objectives.
6. BI Gateway: Aggregate data from multiple sources, feed into dashboards and reporting tools. Helps contextualize data for decision-makers.
7. AVEVA Insight: Real-time monitoring & AI-powered insights to support reliability and operational performance.
8. Monitoring & Diagnostic Services: Services to help reduce maintenance and capital costs via ongoing diagnostics.

Benefits

1. Less unscheduled downtime; fewer unexpected failures.
2. Lower maintenance and operating costs.
3. Improved asset life and better return on investment.
4. Increased safety and regulatory compliance. 
5. Enhanced sustainability via better efficiency, waste/energy reduction.

Customer Success Highlight

PETRONAS achieved US$17.4 million in savings and a 14× return on investment in the first year, while also avoiding 51 lost time incidents using AVEVA’s cloud-based APM solutions. 

Who Should Use It

1. Industries managing large, critical physical assets (Oil & Gas, Power & Utilities, Chemicals, Manufacturing, etc.) where unplanned asset failure or downtime is costly.
2. Operations seeking to enhance safety, reliability, and efficiency.
3. Organizations need to optimize maintenance strategies and asset life-cycle costs.

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