APM (Asset Performance Management) is very important for the company that heavily depend on expensive and critical equipment that must run safely and continuously. If one asset fails, the impact can be very large, lost money, service disruption, safety risks or environmental problems.
These are the reasons why some industries need APM
- Expensive assets
- High value assets, for example turbines, transformers, generators and servers
- Operation must run 24/7
- The business operation must not stop and require continues operation
- Downtime is very costly
- The shutdown can impact to big losses, production loss, delayed service, or even penalties or contract issues
- Safety is critical
- Asset failure can cause severe damage, injuries or accident
- Strict regulations
- Company must comply industrial or government regulations. It include safety, environmental and reliability standards.
- Remote environment
- Assets might located in remote area like forest, deserts, offshore sites or mountains. The maintenance of theses assets can be costly and take a lot of time due to distance and geographical obstacle.
- Long asset lifespan
- Assets are utilized for a long service life (years). Companies need to maintain them wisely and decide the best to repair or replace them.
Industry Use Case Sample
Energy transmission/distribution
Use case : If a transformer or substation get failure, many customer will be impacted
Transportation
Use case : If trains, ports or airports systems fail. Commute and distribution line can be disrupted
Renewable Energy
Use case : Wind turbines and solar farms are spread across locations. Monitoring helps reduce service trips and improve output
Mining
Use case : Machines work in hard environment. Equipment/asset failure can stop production and costly to fix
Oil and Gas
Use case : Asset failures can affect safety, production and environment
Data Center
Use case : If cooling system or power systems fail. digital services can go offline.
APM is critical for the company which operate with high cost assets, high risk, high complexity and high impact if something stops working. APM helps prevent problems, save money and keep operations running
M. FAISOL RIZA 
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