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What is Parallel Asset?

Parallel Asset is an advanced Computerized Maintenance Management System (CMMS) designed to oversee every facet of the maintenance cycle throughout the entire lifespan of your assets. Our specially designed platform merges efficient workflow levels with improved asset management strategies, which not only enhance the durability of your equipment and facilities but also lower expenses and decrease downtime. Applicable in industries such as energy, nuclear, military, or commercial infrastructure, Parallel Asset provides exceptional flexibility to cater to various industry requirements. By utilizing intelligent systems in conjunction with practical experience and data, Parallel Asset adeptly manages all Maintenance Work Requests, Work Orders, and Workpacks, tailored to your distinct maintenance philosophy and framework. Fully equipped to maximize your assets based on their vulnerability strategies and operational objectives, our CMMS platform serves as a holistic solution for maintenance management. This forward-thinking approach guarantees that your organization can sustain optimal operational efficiency while managing its resources effectively, ultimately enhancing productivity and performance across the board. In a rapidly evolving industrial landscape, Parallel Asset positions itself as a vital partner in your maintenance journey, ensuring you stay ahead of the curve.

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

SAP Store

Integrations Supported

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

Parallel Digital

Date Founded

2016

Company Location

Singapore

Company Website

parallelgroupglobal.com/parallel-asset-software/

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

CMMS

Asset Tracking
Calibration Management
Inventory Control
Key & Lock Management
Mobile Access
Preventive Maintenance
Purchasing
Scheduling
Service History Tracking
Technician Management
Work Order Management

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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