Asset Performance Management (APM)
Asset Performance Management (APM) is a comprehensive approach to managing the performance of physical assets throughout their lifecycle. It involves the use of data-driven analytics and predictive models to identify and address potential issues before they become costly problems. APM helps organizations optimize the performance of their assets, reduce downtime, and improve safety and reliability. It also helps to ensure that assets are operating at their peak efficiency, reducing energy costs and improving overall profitability. APM is used in a variety of industries, including manufacturing, energy, transportation, and healthcare. It is an essential part of any maintenance operations and management strategy.