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What is GE Digital Asset Performance Management (APM)?

Improving asset efficiency is vital for enhancing reliability and availability, reducing costs, and minimizing operational risks. Asset Performance Management (APM) consists of a wide array of software and service solutions designed to optimize asset performance. By synthesizing various data sources, APM utilizes advanced analytics to transform information into actionable insights, facilitating teamwork and effective knowledge distribution within an organization. Moreover, APM is specifically engineered to enhance both the performance of assets and the efficiency of operational maintenance for individual machines, entire facilities, and comprehensive fleets. With capabilities like Digital Twin analytics, streamlined automated workflows, and built-in expertise from GE, APM provides significant benefits for modern industrial environments, fostering innovation and increasing productivity. As industries continue to evolve, the importance of these systems in achieving superior asset management becomes increasingly apparent, serving as a cornerstone for future advancements. The integration of APM is not just a trend but a necessary step for organizations seeking sustainable growth and competitive advantage.

What is Aspen Mtell?

Recognizing patterns in operational data is essential for anticipating deterioration and potential malfunctions well in advance. By implementing precise failure pattern identification, organizations can significantly reduce the occurrence of false positives that are often problematic in model-based methodologies. The use of advanced machine learning approaches enables a rapid differentiation between typical and atypical behaviors, which can lead to the activation of equipment protection measures within weeks rather than months. Additionally, the collaboration between Aspen Mtell and Aspen Cloud Connectâ„¢ allows for seamless access to devices operating under OPC UA, further enhancing analytical capabilities. This integration serves as a crucial line of defense against asset degradation by identifying early indicators of failure through operational data analysis. Moreover, incorporating AI-driven agent development improves current maintenance practices, enabling swift deployment of autonomous agents across multiple locations or even throughout an entire organization. With the focus on accurate failure pattern detection, businesses can greatly minimize the frequency of false positives often seen in conventional model-based approaches. By utilizing streamlined machine learning techniques, companies can quickly identify and respond to both standard and irregular activities, ensuring robust protection for their equipment and optimizing operational efficiency. This proactive approach ultimately fosters resilience and reliability in asset management strategies.

Media

Media

Integrations Supported

OASIS
SAP Store

Integrations Supported

OASIS
SAP Store

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

General Electric

Company Website

www.ge.com/digital/applications/asset-performance-management

Company Facts

Organization Name

Aspen Technology

Date Founded

1981

Company Location

United States

Company Website

www.aspentech.com/en/products/apm/aspen-mtell

Categories and Features

Asset Tracking

Activity Tracking
Audit Trails
Barcoding / RFID
Checkout / Check-In
Depreciation Tracking
Disposal Tracking
Inventory Management
Location Tracking
QR Codes
Reservations
Service History

Categories and Features

Preventive Maintenance

Condition Monitoring
Inspection Management
Maintenance Scheduling
Mobile Access
Predictive Maintenance
Purchasing
Reminders
To-Do List
Vendor Management
Work Order Management

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