Combined capabilities optimize the performance of mining equipment Itus Digital and Wabtec are partnering to deliver Asset Performance Management, APM solutions, for the mining industry by combining Itus’s APM platform with Wabtec’s mining equipment expertise. This dynamic combination enables mining organizations to deliver predictable production, optimize
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.
Expanding on our announcement, we wanted to frame out the four reasons why you should use our Asset Twin Library. 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
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
As Shakespeare once wrote, "What's in a name? That which we call a rose by any other name would smell as sweet." Although names are indeed arbitrary labels in some cases when choosing a name for a child or a new company, it has importance. Over
At Itus Digital, we believe that a good APM platform should scale with an organization’s growth without breaking the budget. A recent Markets and Markets report predicts that the asset performance management market will nearly double by 2026. It seems incredible, but more and more
ARC Senior Analyst, Paula Hollywood, recently interviewed Joe Nichols, Co-Founder and President of newly launched Itus Digital. They discussed the motivation for launching an APM company at this stage of market maturity, the importance of creating asset strategies, the development process, and how the Itus