GE Digital Releases Comprehensive APM Solution to Help Industrial Companies Reduce Unplanned Downtime
April 19 2017 - 11:00AM
Business Wire
New suite combines the strength of the Predix
platform with Meridium’s world-class APM software, presented at
Hannover Messe 2017
GE Digital (NYSE:GE) today debuted the newest version of its
comprehensive Asset Performance Management (APM) solution, an
offering that combines the GE Digital APM portfolio with the
world-class solution offered by Meridium, acquired by GE in
September 2016. This combined solution gives asset-intensive
organizations visibility anytime, anywhere, into their assets’
status and health across the entire enterprise, arming them with
powerful analytics to help avoid unplanned downtime. GE will
showcase this Predix-powered offering next week at Germany’s
Hannover Messe 2017.
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GE Digital APM Suite: the Most
Comprehensive in Industry (Graphic: GE)
Asset-intensive companies strive to reduce operating risk and
improve reliability at the lowest sustainable cost by predicting
and preventing asset failures. In addition, organizations must
enable compliance with ever-expanding regulatory requirements,
protect the health and safety of their workers, and provide the
tools to make them more productive.
The new GE Digital APM suite, the most comprehensive in the
industry, helps solves these challenges by covering the full
spectrum of APM services from risk assessment and asset strategy
development through condition-based maintenance (CBM), predictive
maintenance, reliability centered maintenance, root cause analysis,
and inspection and compliance management. The suite also
facilitates the development of asset strategies that maximize
reliability and availability, minimize risk and cost, and
dramatically reduce unplanned downtime by predicting equipment
issues before they occur.
“APM is all about visibility to equipment health and
optimization of maintenance with a goal of reducing the long-term
cost of ownership, safety to workers and the environment, and
minimizing disruptions to operations,” said Eddie Amos, General
Manager of GE Digital’s Asset Performance Management software
group. “GE’s APM solutions help companies increase asset
reliability and availability while reducing cost and risk in
operations. And we’ve tested our APM capabilities on our own
equipment in our customers’ plants. Because GE is an OEM, we
monitor more than $1 trillion in assets. We know what it takes to
monitor real industrial equipment and will continue to invest in
APM solutions that work for us and work for industry.”
While outcomes vary by customer type, GE’s APM offering helps
equipment operators optimize asset performance to increase
reliability and availability, minimize costs and reduce operational
risks, and decrease spend on unnecessary and unplanned maintenance.
Additionally, Original Equipment Manufacturers (OEMs) have the
capability to reduce asset lifetime cost and increase profit
streams from asset service by expanding monitoring and maintenance
capabilities to their end customer. This capability helps OEMs
increase service revenue and reduce asset lifecycle costs,
including R&D, warranty and services. GE customers are already
seeing positive outcomes using the APM offering.
These results come from GE’s control-to-cloud coverage and
remote monitoring and diagnostics capability. These software models
analyze and simulate real-world conditions to predict how equipment
or a process will behave in order to more effectively manage cost
and risk. Future integrations with the recently acquired ServiceMax
will help industrial customers act on intelligence from the APM
solutions and deploy services appropriately.
With predictive capabilities, the OEM can quickly respond to
parts and service needs as well as provide timely, critical remote
support, which decreases the costs associated with on-site
engineering visits. GE’s APM solution also makes it easy to
collect, organize, and analyze equipment health information from
customer equipment to predict equipment issues and mitigate them
before they happen – increasing customer satisfaction (and service
contract renewal rates), while lowering warranty and service
costs.
This technology helps OEMs address issues while they are small
and easy to fix – and makes them better prepared for the likely
issues before deploying resources on a service call (i.e. the right
parts for repairs on the first visit rather than requiring a
follow-up visit), decreasing cost to service. The solution also
delivers near real-time equipment health and usage insights to
accelerate the product development cycle.
The GE Digital APM suite consists of the following
solutions:
- Machine & Equipment Health – Near
real-time equipment health and state. Analytics/Rules engine,
configurable dashboards and exception-based notifications of
potential issues.
- Reliability Management – Predictive
monitoring of equipment issues via digital twins. Collaboration and
knowledge management tools aimed to improve worker efficiency.
- Compliance and Integrity Management –
Ensure asset integrity and compliance by monitoring changing risk
conditions.
- Asset Strategy Optimization - Tools and
techniques to help optimize asset strategies across availability,
reliability, risk and costs.
To see GE Digital’s APM solutions in action, visit GE at
Hannover Messe, Hall 12 Booth D50.
About GE Digital
GE Digital connects streams of machine data to powerful
analytics, providing Industrial companies with valuable insights to
manage assets and operations more efficiently. World-class talent
and software capabilities driving big gains in productivity,
availability and longevity. For more information, visit the
website at www.ge.com/digital.
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GE DigitalEllie Holman, +1-508-698-7456ellie.holman@ge.com
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