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