If funds were unlimited, digital technology could be utilized in countless ways to improve plant performance and reduce downtime. But costs do matter, so taking a graded approach to managing risks and ...

In my last article, I discussed the three kinds of asset performance metrics. Using this knowledge, the next step is to establish your own asset performance management process. While the scale and ...

Utilities that have invested in digitizing their grid have positioned themselves to reap significant rewards as a result. As expected, a digitized grid offers radically improved visibility for ...

Industries that are traditionally asset-heavy, such as utilities, have an extra challenge facing them: performing successful asset performance management on an ongoing basis to ensure those assets are ...

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced it has been recognized as a Leader in the 2022 Verdantix Green Quadrant®: ...

Joint research warns benchmark-focused strategies are losing relevance fast. Firms that continue to lean on ...

Manufacturers are under increasing pressure to deliver high-quality products while maximizing production and profitability. However, issues like equipment downtime, inefficient processes and a lack of ...

IBM said it is rolling out a series of analytics and Internet of things tools to better target asset heavy industries such as manufacturers, oil and gas and utilities. Also: What is the IoT?

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From a business perspective, asset management has three aspects, said Jim Chappell, vice president of information solutions at AVEVA. Those aspects are: strategize, analyze and maintain. “From the ...