AVEVA Adds Prescriptive Analytics to Asset Performance Management Portfolio to Empower the Industrial Connected Worker to Reduce Operational Expenditure

Technology

AVEVA Adds Prescriptive Analytics to Asset Performance Management Portfolio to Empower the Industrial Connected Worker to Reduce Operational Expenditure

AVEVA, an international leader in industrial software, declared a important enhancement to its Asset Performance Management (APM) portfolio with the launch of AVEVA APM Assessment, AVEVA Asset Strategy Optimization and AVEVA Asset Strategy Library.

Adding to AVEVAs complete preventive, condition-based and predictive software capabilities, the integrated solutions allow the workforce with prescriptive guidance, resulting in elevated efficiency, protection and reliability.

We have considered customer demand evolve from just asset failure prediction to the need for integrated guidance and prescriptive actions. AVEVA is the first vendor on the market to provide the portfolio breadth and domain knowledge to assist customers to completely realize untapped value, gain control of their asset strategy and prescribe the most efficient action, commented Kim Custeau, Vice President of Asset Performance AVEVA, With this set of capabilities, we are redefining the scope of Asset Performance Management to deliver elevated enterprise results for our customers.

Empowering the Workforce by driving Improved Organizational Efficiency

AVEVAs APM Assessment benchmarks a companys present day practices against best in class performance and builds a complete roadmap encompassing people, processes and technology. These metrics are then used in AVEVA Asset Strategy Optimization to stability risk, price and performance, which determines asset criticality. This allows companies to prioritize maintenance investments and observe the most tremendous strategy.

From reactive to proactive, AVEVAs AI-infused software coupled with a rich asset library, offers the special capability to empower clients beyond anomaly detection with prescriptive analytics to information actions and drive targeted outcomes.

By deploying these AVEVA solutions, companies can predict asset failure and then prescribe the most economically tremendous action to take to remediate potential asset failures. For organization directors, these tools mean doubling production output resulting in a safer, more reliable environment for the workforce.

ADNOC Gas Processing - Leading the way for O&G with Predictive AI
ADNOC Gas Processing is working with AVEVA using the predictive AI technology with prescriptive maintenance. We value our strategic partnership with AVEVA, they set a very good instance for what a good collaboration is, and the consequences that come from this are a game-changer for long-term tools management and optimization, commented Ahmed Mohamed Al Abri, Vice President, Engineering & Technical Services ADNOC Gas Processing.

A core element of AVEVAs APM portfolio is tight alignment with customers to decide portfolio innovations and deliver proven business outcomes. The Frost & Sullivan assessment of the Global Asset Performance Management market positions AVEVA as the market leader in the $1.2B space, driven by the 4th Industrial Revolution and digitalization trends.