GE Measurement and Control and Meridium Integration Enables Predictive Condition Based Maintenance with a Comprehensive Industrial Internet Offering

GE's Measurement & Control business and Meridium, Inc. will introduce Production Asset Reliability (PAR), an integrated Asset Performance Management (APM) offering for an all-in-one view of equipment health at the GE Oil & Gas annual stakeholder meeting in Florence, Italy. Combining GE Measurement & Control's System 1 condition monitoring and diagnostic applications with Meridium's suite of enterprise performance management and asset strategy solutions, PAR provides a holistic and quantifiable view of operations, maintenance, availability and overall operating performance for production assets.

System 1, GE's patented condition monitoring software, helps users quickly diagnose potential equipment and instrument health issues, which can lead to equipment failure. Meridium's applications provide structured processes and analytics to identify critical assets and failure modes, calculate equipment reliability and determine downtime impacts. The integrated PAR solution provides an end-to-end process that connects the machine diagnostics to the business context and execution to drive optimized maintenance practices and production loss management for all asset-intensive industries.

Asset intensive organizations are challenged to maximize production, minimize costs, follow regulations and manage risk. To balance the demanding requirements, operators require a more cohesive system that assesses equipment performance and manages the resulting data. GE and Meridium provide this comprehensive solution for customers to effectively measure, monitor, and manage each connected asset.

Paula Hollywood, ARC Advisory Group, commented, "This collaboration of market leaders offers the deep integration between asset management strategy and tactics needed to provide data-driven actionable information to improve asset and plant performance."

Keywords: Performance Management, Health Data, Proactive Maintenance, Condition Monitoring, Enterprise Performance Management, Asset Strategy, ARC Advisory Group.