The emergence of digital technologies over the last decade has increased the applicability and effectiveness of Asset Performance Management (APM) in industrial plants. In particular, maintenance practices are moving away from reactive and preventive modes and towards predictive and prescriptive, with AI as the enabler.
This session will begin by discussing the evolution of Asset Performance Management, revealing how leading companies are integrating digital and AI technologies to align their APM initiatives with business goals such as profitability, revenue growth, and risk reduction. Panellists will then share their views on Predictive Maintenance as a Strategic Enabler from industry and academic perspectives.