Uptake Unveils Next Generation, AI-Enabled Asset Performance Management Solution

By Michael Guilfoyle

Category:
Company and Product News

As an industrial AI and IoT software supplier, Uptake is unveiling the next release of Asset Performance Management (APM) with its Uptake APM.  An interoperable SaaS solution that complements and coexists with customer's current investments, Uptake APM builds on what was formerly known as Asset Perform, a product used by dozens of customers across major industrial sectors.

Uptake APM also integrates key features of what was formerly Asset Performance Technologies' Preventance APM, including the Asset Strategy Library (ASL) — a database of industrial content that includes equipment types, failure mechanisms, and maintenance tasks.  Uptake acquired the ASL through its April acquisition of Asset Performance Technologies.

Uptake APM gives a holistic view of the entire asset environment, providing visibility into assets whether they're connected with sensors or not, and equips the industrial workforce with the tools they need to make smarter decisions, faster.  The product delivers outcomes based on reported improved operational performance, including uptime, reliability and output.

Uptake APM provides outcome-driven insights based on a flexible application framework that includes three core modules:

PREVENT

Optimize maintenance strategies with data-backed action plans.  Determine why, where and how assets might fail using root-cause analysis, failure mode and effects analysis, and historical work order data.

MONITOR

Monitor all assets to make the best maintenance decisions for the business.  Capitalize on recommendations based on real-time asset conditions plus historical asset data.

PREDICT

Unlock new operational efficiencies by making proactive maintenance decisions based on predictive insights.  Asset-centric and fleet-wide visualizations show how KPIs impact business.

Uptake APM runs on the company's purpose-built industrial AI and IoT platform, which will be open to the market in January as part of its next major release. The fully-managed, industry-configured platform enables customers to ingest and normalize their data, and developers and data scientists to quickly and easily build, train and deploy production-ready AI/machine learning models and applications through a catalog of pre-configured engines.

Uptake's platform is geared to harness the value of a data-first world.  Users can reportedly set-up and configure their platform environment in minutes, meaning rapid time to value.  Uptake's knowledge from across industries and assets helps makes the user experience intuitive, and the predictions powerful.

 

Engage with ARC Advisory Group