APM (Asset Performance Management)

Asset Performance Management (APM) refers to the systematic approach organizations use to optimize the performance, reliability, and lifespan of their physical assets, such as machinery and equipment. By leveraging data analytics, sensors, and monitoring tools, APM helps companies understand how their assets are functioning, identify potential issues before they become major problems, and make informed decisions about maintenance and operations. Ultimately, APM aims to enhance productivity, reduce costs, and improve safety by ensuring that assets operate efficiently and effectively over time.