GE Digital announced the availability of its newest version of the company’s Asset Performance Management (APM) suite of software. This update adds to GE Digital’s portfolio of Predix-powered software, including both on-premises and cloud-based offerings. This suite of solutions, which includes Machine & Equipment Health, Reliability Management, Compliance and Integrity Management, and Asset Strategy Optimization, is a set of software applications that use data and analytics to help to improve the reliability and availability of industrial assets, minimize total cost of ownership, improve safety, and reduce operational risks.
Machine and Equipment Health, a foundation module for the APM suite, offers an always-on unified view of an asset’s current state and health. With real-time contextual views of asset health, status and issues from the edge, the cloud or a hybrid environment, operators can take action through connectivity to EAM or other work management systems. These views are produced by merging data from operational technology (OT) and information technology (IT) systems, alarms and events.
The Reliability Management solution in GE Digital’s APM suite is designed to help provide less unplanned downtime and more predictable production by forecasting equipment issues before they occur, helping customers evolve from time-based maintenance to predictive, therefore helping to improve productivity and operator efficiency. Companies can reduce costs by planning maintenance at the optimum time, focusing resources only where they are needed and reducing overtime and cost of spare parts. Reliability Management also helps to lower risk to workforce and improve safety by identifying bad actors and helping to eliminate potentially disastrous asset failures.
GE Digital’s APM Compliance and Integrity Management solution helps companies manage risk by monitoring changing conditions by supporting inspection methodologies, such as API 580 and 581, and enabling compliance with OSHA 1910.119 Process Safety Management requirements and ISA/IEC standards. Compliance and Integrity Management features a new Management of Change (MOC) capability that provides a solution for creating and managing change projects, communicating changes, and enforcing an approval system to provide implementation accountability. Users are able to comply with change management requirements and help to achieve a greater degree of auditability for regulatory compliance.
The Asset Strategy and Optimization (ASO) module/solution helps customers to better optimize availability, reliability, risk, and costs by using intelligent asset strategies to determine better approaches for performing maintenance, inspection, or redesign activities. Using ASO, companies can simulate scenarios that can better balance risk and cost, allowing them to deploy different strategies in various work-management and control systems for tighter integration and improved productivity.
Keywords: Industrial Life Cycles, Analytic Driven Asset Strategies, Asset Performance Management (APM), Cloud-Based, Analytics, Operational Technology (OT), Information Technology (IT), Reliability Management, ARC Advisory Group.