Beyond Risk Based Maintenance Whitepaper

In any asset-intensive industry, businesses are pressured to continually improve asset performance and reliability; all while minimizing costs and ensuring regulatory compliance. In this environment, optimizing maintenance is critical. New technologies such as cloud, big data management, complex systems modeling and advanced analytics and concepts such as the Industrial Internet of Things (IIoT) and Industry 4.0 offer users the ability to strategically plan, forecast and optimize their maintenance. Leveraging these new technologies enables the evolution beyond traditional reactive maintenance and towards proactive maintenance. This is the future of maintenance, operations and asset management – Asset Performance Management (APM) 4.0