Asset Performance Management (APM)

Asset Performance Management (APM) is a strategic approach used by organizations to optimize the reliability, efficiency, and lifespan of their physical assets—such as equipment, machinery, or infrastructure. By integrating data and analytics, APM helps identify potential issues before they become costly problems, schedule maintenance more effectively, and improve operational performance. The goal is to maximize asset value, reduce downtime, and lower operational costs, ensuring assets perform reliably and efficiently throughout their lifecycle. Essentially, APM combines technology and management practices to keep critical assets operating optimally.