The rise of the Industrial Internet of Things (IIoT) has afforded many companies the opportunity to breathe a sigh of relief. Robust sensor networks provide an invaluable tool for optimizing operations, while intelligent software enables preventative maintenance strategies that keep equipment running smoothly.
But with the slow-growth economy, slumping commodity prices, and a tighter regulatory environment, operators face increasing pressure to achieve peak efficiency and make the best possible use of uptime.
That’s often easier said than done. Boosting productivity for a single piece of equipment can be a daunting challenge. Optimizing throughput and efficiency for a sprawling, global asset portfolio is virtually impossible without the proper technology. Driving fleet-level efficiencies requires fleet-level visibility, as well as powerful software to mine large and disparate datasets for actionable insights. That’s where our Operations Performance Management (OPM) solution comes in.
Working in tandem with the Asset Performance Management (APM) solution, OPM focuses on three key areas to boost overall efficiency across asset portfolios:
- Operational Intelligence
- Forecasting and What-If Analysis
- Process and Product Optimization
While APM gathers raw asset data to make sure equipment is being optimally maintained for the needs of the business, OPM focuses more on how to best run the business itself.