carrot carrot carrot Change Centers x cognizanti collaborators create-folder Data Science Decisive Infrastructure download download edit Email exit Facebook files folders future-of-work global sourcing industry info infographic linkedin location Mass Empowerment Mobile First our-latest-thinking pdf question-mark icon_rss save-article search-article search-folders settings icon_share smart-search Smart Sourcing icon_star Twitter Value Webs Virtual Capital workplace Artboard 1

No Results.

Did you mean...

Or try searching another term.

Asset Performance Management

What is asset performance management?

Asset performance management is the analysis of operational data from connected devices to improve their efficiency and productivity of the workforce, while minimizing operating costs. It requires a holistic, real-time view across multiple devices and locations, the ability to analyze that data to predict future events and prevent failures and (ideally) standardized, automated asset performance management across the enterprise.   

What are the business benefits of asset performance management?

Asset performance management provides a single point of truth and consolidated view of an organization’s assets across all its locations and a single platform from which to manage those assets. Improved decision-making helps increase efficiency, asset availability, reliability and performance, and to reduce costs and outages through preventive maintenance. Automation of processes such as scheduling reduces costs by avoiding manual errors, while asset tracking aids compliance and improves the management of the workforce automating processes.

Back to

Glossary