asset performance management

asset performance management (APM) involves using such things as condition monitoring, predictive maintenance, and reliability-centered maintenance to improve the availability and reliability of physical assets, such as equipment, plants, and infrastructure. A robust APM strategy is designed to minimize business risk and maintenance costs by eliminating unplanned asset downtime. APM involves a connected and integrated enterprise-wide solution that includes tools and applications to help asset-intensive businesses achieve optimal performance at a sustainable cost.

Related Terminology

Data-centric Execution

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