Asset Performance Management

Asset Performance Management is to Increasing asset security, availability, and production uptime

Asset performance management (APM) covers data capture, integration, visualisation, and analytics capabilities that are linked together with the stated goal of enhancing the dependability and availability of physical assets. Condition monitoring, predictive forecasting, and reliability-centered maintenance are all ideas included in APM.

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Increasing the performance, dependability, risk management, and overall profitability of industrial assets

Petran provides intelligent asset performance management on a single platform, infused with powerful analytics, AI, and industry-customized apps. This integrated suite gives a complete picture of your assets, whether on-premises or in a multicloud environment, to assist you in optimising performance, extending asset lifecycles, and keeping your business running and profitable.

The extensive functional pillars of PETRAN for Health, Reliability, Strategy, Integrity, and Safety may be utilised separately or in conjunction to give a holistic approach to asset and O&M management.

Create a vision for your asset utilisation.

18%

Reduce maintenance costs 

7%

Reduce downtime by

8%

Increase  productivity by

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Smarter asset monitoring

AI-powered monitoring at enterprise scale allows you to remotely monitor crucial assets and activities. Aggregate operational status and IT data with process parameters from many sources to give enterprise-wide visibility into performance and get fewer, more accurate warnings and insights.

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Predictive maintenance 

Use an IoT and AI platform to assist forecast when an asset may degrade or fail.
Factors such as historical and real-time asset performance data, maintenance records, inspection reports, and environmental data should be correlated.

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Improve asset health

Change your strategy by directing actions based on the present state of your assets' health. Keep an eye on things like condition, cost, performance, and remaining usable life. Define scoring methodologies, select target areas, and begin maintenance actions.

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Prepare your asset plan

Use an IoT and AI platform to assist forecast when an asset may degrade or fail.
Factors such as historical and real-time asset performance data, maintenance records, inspection reports, and environmental data should be correlated.

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Asset Performance Management -  Business Advantages

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APM entails the use of people, processes, and technology to increase uptime with better revenue and the lifetime of physical assets in order to preserve cash while lowering operational expenses and business risk. APM ensures that assets have the capacity required for maximum operational performance in order to fulfil today's dynamic business and production goals while maintaining high customer satisfaction for on-time delivery and product quality. This APM strategy is used to consistently enhance critical metrics like as uptime, mean time to repair (MTTR), asset lifetime, on-time shipments, quality/yield, and safety. The achievement of these indicators leads to improvements in executive metrics like as revenue, profit, customer happiness, work-in-process (WIP) inventory, and return on assets (ROA).

Asset Performance Management
software can help you achieve your business goals.