LR Software, part of Lloyd’s Register, has announced that its AllAssets asset performance and management software rolled out on more than 90,000 assets across 125 sites last year, drastically increasing its global market share
AllAssets allows businesses to quantify their risk exposure and prescribe the most effective inspection and maintenance plans dramatically reduction unplanned downtime. The cloud-based software has been customers reduce risk of failure by up to 95% and, with safety and integration in mind, aims to eliminate data siloes and increase asset performance while optimising inspection costs across assets.
AllAssets 3.0 is the latest major update to the solution, due to roll out to customers in March 2022. The software has seen significant updates and additions, all in the name of improving customer experience and enhancing asset performance management capabilities by providing its users with all their data at their fingertips.
Glyn Rhodes, vice-president product for APRM, LR Software, said, “We work really closely with our customers to ensure that we’re integrating and implementing their feedback, so that we can be certain that we are providing solutions that not only reduce risk and improve operational efficiencies, but that allow them to achieve their business goals. AllAssets 3.0 is a culmination of our industry knowledge and expertise, but also a collaboration with our customers.
The AllAssets team experienced significant growth in 2021. The development team grew by 30%, reflecting the investment in the AllAssets solution as a whole, and an internal promotion saw Punithan Natarajan appointed Product Manager. Natarajan has been employed by Lloyd’s Register for 10 years having initially joined the team as a software developer.