A brief history of Asset Performance Management Asset performance management started as early as the mid-1960s with very early versions of systems known as CMMS (computerized maintenance management systems). Developers originally built these solutions to help with the complicated task of coordinating people and performing industrial
From a bird’s-eye view, asset performance management solutions (also known as APM solutions) came about because companies needed to improve the reliability and availability of physical assets while minimizing risk and operating costs. The History of APM Historically APM solutions have been large, enterprise-scale deployments that took
When it comes to improving asset reliability and performance, what is in your toolbox? Like most people, there are many tools to choose from, plus a few odds and ends. But, the truth is you only need one. The right tool for the right job.
Our company’s mission is to help industrial organizations drive standardization and best practices for improving equipment availability and optimizing costs. Some organizations do not know how to get a successful APM program off the ground or maintain it long-term. We designed our predefined Asset Twin
Enables equipment failure protection in minutes Roanoke, Va. - May 19th, 2021 – Itus Digital announced the availability of new capabilities that allow industrial organizations to implement Asset Performance Management (APM) techniques on their equipment in minutes. The approach lowers the risk of unexpected equipment failure
In today's market, many buyers find the term "digital twin" confusing. What they need is a practical approach for building digital asset twins. So many vendors beef the concept up with 3D modeling, virtualization, augmented reality, and machine learning analytics or artificial intelligence. But these
Have you heard the joke about the machine learning algorithm that walks into the bar? The bartender asks, "What'll you have?" The algorithm says, "What's everyone else having?" Machine-Learning in Asset Performance Management This joke is not genuinely characteristic of machine-learning in asset performance management (APM) applications. But it
Roanoke, Va, - November 12th, 2020 – Itus Digital today announced the availability of its new Asset Performance Management (APM) platform purpose-built to simplify how asset operators monitor equipment failure risk. The Platform The platform includes an extensible Asset Strategy and Digital Twin Library covering 200 of
Here at Itus Digital, the team is working hard to wrap up our initial product release scheduled to launch in 30 days and designed to support effective APM. We have spent the last ten months researching, designing, and coding the Itus Digital platform. Further, we