AVEVA’s AI-infused technology to drive APM portfolio

AVEVA APM MomentumGlobal industrial software provider AVEVA has launched AVEVA APM Assessment, AVEVA Asset Strategy Optimisation and AVEVA Asset Strategy Library, to enhance its asset performance management (APM) portfolio

The integrated solutions aim to enable the workforce with prescriptive guidance, resulting in improved efficiency, safety and reliability.

Kim Custeau, vice-president of asset performance at AVEVA, said, “We have seen customer demand evolve from just asset failure prediction to the need for integrated guidance and prescriptive actions.”

AVEVA is set to offer the portfolio breadth and domain expertise to help customers to fully realise untapped value, gain control of their asset strategy and prescribe the most efficient action, commented Custeau.

ADNOC Gas Processing uses Predictive AI technology

“We value our strategic partnership with AVEVA, they set a very good example for what a good collaboration is, and the results that come from this are a game-changer for long-term equipment management and optimisation,” commented Ahmed Mohamed Al Abri, vice-president, engineering and technical services at ADNOC Gas Processing.

A core component of AVEVA’s APM portfolio is tight alignment with customers to determine portfolio innovations and deliver proven business outcomes. The Frost & Sullivan assessment of the Global Asset Performance Management market positions AVEVA as the market leader in the US$1.2bn space, driven by the fourth Industrial Revolution and digitalisation trends.

Organisational efficiency set to empower the workforce

AVEVA’s APM Assessment benchmarks a company’s practices and builds a comprehensive roadmap encompassing people, processes and technology. These metrics are used in AVEVA Asset Strategy Optimisation to balance risk, cost and performance, which determines asset criticality. This enables organisations to prioritise maintenance investments and apply the most effective strategy.

By deploying these AVEVA solutions, organisations are able to predict asset failure and then prescribe the most economically advantageous action to take to remediate potential asset failures. For company directors, these tools mean doubling production output resulting in a safer, more reliable environment for the workforce.

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