Hitachi Energy is revolutionizing the world of asset management with the launch of Lumada APM, a cutting-edge asset performance management solution that promises to elevate sustainability, efficiency, and proactive maintenance practices.
Lumada APM introduces a strategic and proactive approach to asset maintenance, providing engineers with invaluable insights and recommendations for optimizing asset uptime, minimizing unplanned downtime, prioritizing maintenance spending, and extending the lifespan of critical assets.
This innovative solution comprises three key APM modules:
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Lumada APM health: It enables real-time monitoring of asset conditions and uses predictive modeling, including artificial intelligence-powered prognostics, to anticipate potential failures. This empowers organizations to make timely, proactive maintenance decisions, reducing costly downtime.
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Lumada APM reliability: This module allows users to implement system reliability engineering methodologies, ensuring safe, reliable, and compliant operations. It dynamically assesses risks and simulates various asset intervention scenarios, facilitating risk-based, reliability-centered maintenance and prioritizing maintenance investments.
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Lumada APM optimization: Asset managers benefit from an optimized list of asset intervention projects, guided by identified constraints. This leads to financially optimized, long-term asset investment planning strategies.
The launch of Lumada APM comes at a time when the demand for Asset Performance Management (APM) is surging. Businesses in asset-intensive industries are increasingly turning to digital transformation initiatives to meet their energy transition objectives. Research predicts that the global APM market will grow by over 120% from 2023 to 2030, reflecting the growing importance of APM solutions in optimizing asset management and minimizing costly downtime.
Lumada APM is set to empower asset-intensive organizations to anticipate trends, manage system risks, and optimize resources to achieve maximum asset reliability and availability. By introducing this advanced APM solution, Hitachi Energy continues its mission to advance sustainability, enhance safety, and achieve operational excellence in asset-intensive industries.
Source: hitachienergy.com