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Asset-intensive organizations deploy APM solutions to improve asset maintenance decision support on physical plant and equipment. However, an expanding choice of immature products complicates the path forward. CIOs can use this guide for insights on APM offerings to make informed technology decisions.

  • Asset performance management (APM) is not a mature technology, and its significance and use varies dramatically across industries, subsectors and asset classes.
  • Organizations are looking beyond current solution features and are defining APM priorities based on their unique business capabilities.
  • As organizations progress their asset management strategy, many are aligning with and requiring product support for asset management standards such as ISO 55000.
  • Digital business immaturity constrains organizational ability to support advanced asset maintenance capabilities.
  • Predictive maintenance (a key aspect of APM) is a key differentiator and must be carefully evaluated; however, an expanding vendor ecosystem and product claims are driving market confusion.

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