Meridium introduces next gen APM; Intelligent Asset Strategy drives the IIoT

Meridium®, Inc. has introduced Meridium Enterprise APM® at Meridium Conference 2015. CEO and founder Bonz Hart and CTO Eddie Amos made the announcement to an audience of more than 450 attendees.

“While nearly everyone else is talking about the potential of Big Data, M2M, the Cloud, Advanced Analytics, and the IIoT, Meridium’s Intelligent Asset Strategy has been delivering value from these enabling technologies to our clients since 1993,” said Bonz Hart. “Today we are demonstrating the next generation of Asset Performance Management (APM) – the engine that will further drive the IIoT and provide real value to its adopters.”

“With the increased accuracy and volume of data from all the different sensors and systems collecting information about highly complex assets and groups of assets, our clients worked with us to create the next generation APM platform. This platform enables intelligent asset strategies to leverage all of this new data to predict and prevent failures,” noted Hart as Meridium presented the solution.

According to Paula Hollywood of ARC Advisory Group, “The Industrial Internet of Things (IIoT) has created a buzz about how industrial operations and efficiencies will be transformed across industry. Currently, interest level is high, but actual deployments are lagging. What’s been missing is the glue to link intelligent assets to the higher levels of IIoT architecture such as analytics and cloud platforms. Solutions such as the 4th generation Meridium Enterprise APM capable of providing this connectivity are emerging as pivotal, value-added components of the IoT architecture.”

“Meridium Enterprise APM incorporates enhanced connectivity and performance, greater mobility and deployment options, and interface that can be configured by subject matter (not developers), with cloud scalability to simplify and speed a client’s 360 degree view of their assets,” explained Eddie Amos, Meridium CTO. “By integrating data from design, finance, operations, engineering, sensors and maintenance while delivering actionable information when and where needed, Meridium APM will help tear down the final silo in industry – the wall between IT and production.”

Integrated Enterprise Asset Performance Management acts as insurance that helps guarantee efficient, safe and reliable operations while processing on-spec products without fear of mechanical failure or production disruption. Combining enhanced connectivity, mobility and deployment options and Google-like search to create a single view of asset risk will move an organisation farther along the path to operational excellence.

“Data from LNS Research’s APM Study shows 90% of companies view the pursuit of Operational Excellence as one of the Top 3 strategic objectives driving their investments in Asset Performance Management,” said Dan Miklovic, principal analyst, LNS Research. “The challenge many of them face however, is they don’t have an integrated APM technology platform upon which to craft the processes that their people need to employ to achieve class performance. They need to embrace the IIoT, Cloud and Mobile technologies, as well as invest in scalable solutions built on those technologies, if they want to leverage smart connected assets to pursue operational excellence.”

“The way owners and operators of mission-critical assets, as well as their OEMs, manage and maintain equipment is being transformed by APM,” wrote Leif Eriksen, research director at Gartner, and Kristian Steenstrup, VP and fellow at Gartner. “Increased usage of APM solutions and services will help asset owners and operators reduce maintenance costs and operational risk while boosting reliability.”1

Asset reliability resulting from an intelligent asset strategy is key to any organisation committed to providing reliable products and services. As part of that end-to-end APM strategy, Meridium recently introduced APM Connect®, the asset performance management enterprise integration service bus. Meridium also announced the Integration Center of Excellence (ICE), a centralised, shared services (GSS) organisation focused on all aspects of integration development, support and services. With this integrated technology, industry assessment and deployment services, and a class partner network that includes GE, SAP, Accenture and IBM, Meridium Enterprise APM offers a single view of risk and a quicker time to value.

1 Gartner, asset performance management transforms how operational assets are managed and maintained, Leif Eriksen, Kristian Steenstrup, 26 July 2013, refreshed, 7 November 2014

RECENT ARTICLES

Thailand marine department to deploy several thousand Globalstar SPOT Gen4 satellite trackers via Thaicom to safeguard island visitors

Posted on: June 30, 2022

Dublin, Ireland. 30 June, 2022 – Globalstar Europe satellite services ltd, a wholly owned subsidiary of Globalstar Inc., and a provider in satellite messaging, IoT, and emergency notification technologies, announces that SPOT Gen4 satellite messengers will be deployed by Thailand Marine Department to provide safety and security for all travellers on and around the island

Read more

BigChange elevates green ambitions for VM Elevators

Posted on: June 30, 2022

Leeds, United Kingdom. 29 June, 2022 – VM Elevators, independent lift and escalator services provider, is boosting its green credentials using BigChange job management software. Using the cloud based platform, VME delivers 100% of its client reports electronically and has moved its business to an entirely paperless system. Intelligent scheduling and routing, and collaboration with

Read more
FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more
IoT Newsletter

Join the IoT Now online community for FREE, to receive: Exclusive offers for entry to all the IoT events that matter, round the world

Free access to a huge selection of the latest IoT analyst reports and industry whitepapers

The latest IoT news, as it breaks, to your inbox