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uptake
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 * Products
   
   ASSET PERFORMANCE MANAGEMENT
   
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   ENSIGN DRILLING USES UPTAKE FUSION FOR ENTERPRISE DECISION-MAKING
   
   THE GLOBAL LEADER IN DRILLING AND SERVICING WELLS LEVERAGES UPTAKE FUSION TO
   MAKE INFORMATION AVAILABLE ACROSS ITS ORGANIZATION.
   
   See Case Study
   
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   BERKSHIRE HATHAWAY ENERGY DOUBLES DOWN ON PREDICTIVE MAINTENANCE WITH UPTAKE
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   BHE RENEWABLES AND MIDAMERICAN ENERGY, TWO SUBSIDIARIES OF BERKSHIRE HATHAWAY
   ENERGY, HAVE EXPANDED THEIR DEPLOYMENT OF INDUSTRIAL AI SOFTWARE.
   
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      Asset Performance Management
   
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BLOG


UPTAKE FEATURED IN ASSET PERFORMANCE MANAGEMENT SOLUTION SELECTION GUIDE

LNS Research evaluated APM 4.0 providers across key criteria including product
functionality, roadmap, industry footprint and more.

The proliferation of sensor-based technology and data collection at the edge is
driving rapid change in the Asset Performance Management (APM) space. The next
generation of these technologies — known as APM 4.0 — harnesses data to inform
new business strategies for industrial companies.

According to LNS Research Fellow Dan Miklovic, “Early adopters of an APM 4.0
approach have achieved lower operations costs because of better asset
reliability, longer asset life, and lower commissioning and disposal costs.”*

However, despite the financial opportunities that APM 4.0 solutions can help
unlock, many industrial companies are yet to fully capitalize on the technology.
For those that are, they’re quickly gaining an advantage over competitors.
Miklovic noted, “Process improvements drive financial rewards, yet only 19% of
companies rely on asset performance and maintenance metrics to drive
improvements. It's a significant untapped source of value for the industrial
organization.”*

Choosing an APM 4.0 provider is an important step for industrial companies that
are looking to optimize their asset maintenance strategies and increase their
operational performance. But knowing how to pick the right provider is even more
critical, and often less clear.

In the newly published APM 4.0 Solution Selection Guide, LNS Research explores
the product landscape, diving deep into vendors’ capabilities. To produce the
report, LNS Research evaluated APM 4.0 providers that have proven to demonstrate
the following qualities:

 * A compelling combination of successful multi-site and multi-geography
   implementations across a range of industries

 * Broad and deep functionality

 * A modern technology platform

 * A robust roadmap

 * Adequate resources and viability to improve the offering into the future

Uptake is proud to be featured in the APM 4.0 Solution Selection Guide. Uptake
Asset IO, our comprehensive APM application, helps financially optimize our
customers’ maintenance programs while increasing the reliability and
availability of their industrial assets. Built on our industrial AI and IoT
platform, Uptake Asset IO delivers a data-science fist approach to asset
performance management and maintenance strategies.

See for yourself why LNS Research calls Uptake a potential APM market disruptor,
giving us an overall rating of “promising and growing.”

Get the LNS Research APM 4.0 Solution Selection Guide




*Miklovic, Dan. Global Disruption in Asset Performance Management: How APM 4.0
Drives Profitability in a Connected Plant. LNS Research, 2018. Accessed August
24, 2018.

POSTED ON

October 1, 2018

AUTHOR

Uptake

SUBJECT MATTER

Asset Performance Management

Company News

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