What is Asset Performance Management (APM)?
Asset Performance Management (APM) is the discipline of ensuring that an organization’s critical equipment and systems operate at peak efficiency, reliability, and safety. In industries like energy, manufacturing, transportation, and healthcare, even a short period of downtime can result in enormous costs. APM combines data, processes, and people to ensure assets deliver maximum value across their lifecycle.
Traditionally, APM has relied on scheduled maintenance and human expertise. But today, we’re entering a new era. The integration of Artificial Intelligence (AI) and Machine Learning (ML) is transforming APM from a reactive process into a proactive, intelligent system that not only predicts problems before they occur but also optimizes performance continuously.
In this series, I’ll be exploring how AI and ML are reshaping APM, sharing real-world stories, and providing practical insights for organizations looking to adapt.
👉 Question for you: How does your organization currently manage asset performance—reactive fixes, scheduled maintenance, or predictive tools?