Asset Management Strategies to be Optimized with Hexagon’s Launch of HxGN APM

Author photo: Inderpreet Shoker
ByInderpreet Shoker
Category:
Company and Product News

Hexagon, a player in digital reality solutions, combining sensor, software and autonomous technologies, announced the availability of HxGN APM, a comprehensive solution for asset-intensive organizations seeking to identify and mitigate asset risk, optimize maintenance spend and minimize downtime. This application optimizes asset strategies, detects emerging failure risks in real time and drives proactive risk mitigation that directly enhance return on capital employed.

Asset Management Strategies

In April 2024, Hexagon expanded its portfolio by acquiring Itus Digital, an asset performance management (APM) solution provider based in Roanoke, Virginia. Now operating as part of Hexagon’s Asset Lifecycle Intelligence division, the solution’s distinct approach leverages a modern architecture, best practice work processes, and advanced analytics enabled by an extensive, embedded strategy library.

HxGN APM offers an advanced analytical and optimization engine to solutions like HxGN EAM, HxGN SDx and j5. This operationalizes asset strategies that carefully strike a balance between performance, cost and risk, which aligns with Hexagon’s commitment to driving sustainable, data-driven transformations in asset-intensive industries.

Hexagon’s solution empowers customers by driving a pragmatic approach to identifying potential threats, mitigating risks and extending asset lifecycles. HxGN APM delivers these key benefits to clients:

  • Optimizes asset value by aiding customers in balancing performance, cost and risk through the operationalization of asset strategies.

  • Enables proactive work processes to continually analyze asset failure risk and drives maintenance, inspections and monitoring activities based on actual condition and health.

  • Ensures rapid failure detection and prevention by using the embedded Asset Twin Library, offering pre-set asset strategies and analytics for predicting potential failures before they happen.

Inderpreet Shoker, ARC Advisory Group, commented, “Modern APM is all about combining traditional asset management practices with new digital technologies for transformation advances in reliability, maintenance execution, and business performance. As end-users are looking to simplify asset management and adopt modern APM solutions, with the HxGN APM, Hexagon is well-positioned to help end-users succeed with their APM initiatives.”

For more ARC coverage, please visit our APM research page.

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