Inspectioneering
Inspectioneering Journal

Achieving the Full Potential of Asset Performance Management Platforms

By Stephen Flory at PinnacleART. This article appears in the November/December 2017 issue of Inspectioneering Journal

Introduction

Software implementation in a business environment can be a challenging process with many pitfalls and risks. On one hand, software vendors tend to promote their solutions as the answer to all of your ills, but software users know the reality—the results often fall far short of those expectations. While the blame tends to fall on the software, it’s typically the other activities around the software implementation that were not completed that tend to have a larger effect on the success of the implementation.

Asset Performance Management (APM) software is no different. Gartner defines APM software as software that “encompasses the capabilities of data capture, integration, visualization, and analytics tied together for the explicit of improving reliability and availability of assets.” With these robust capabilities, one may ask, “why are these software implementations so challenging?”

Regardless of the software, many companies fail to realize the full potential of these robust applications. The Meridium application (recently purchased by General Electric and now referred to as “Asset Performance Management by GE”) is one example of such a platform and will provide the context for this article. As many are, it is a feature-rich asset performance management tool with potential for significant return on investment. 

In my 20 years of experience of working for and with multiple companies in different industries implementing this application, I’ve observed some common themes that impede return on investment that applies to any APM software. These themes revolve around the approach to the implementation (See Figure 1) – establishing a vision, recognizing and addressing data as a foundational element, optimizing asset strategies, and streamlining processes and software thru technical configuration and implementation.   By focusing on these key elements, the full potential can be unlocked.

Figure 1. General Approach for APM Software Rollout

Figure 1. General Approach for APM Software Rollout

 

The diagram above highlights an approach to the implementation of any software. It is not new or revolutionary, and in fact, most likely makes sense to many people. Nevertheless, many steps in this process are overlooked, deemed unnecessary, or not considered due to cost or timing concerns. In fact, many start their initiative at the technical configuration stage where they review the platform’s capabilities and work processes and customize the application (see Figure 1). While this stage is important, it is not the optimal place to start the implementation process.

This content is available to registered users and subscribers

Register today to unlock this article for free.

Create your free account and get access to:

  • Unlock one premium article of your choosing per month
  • Exclusive online content, videos, and downloads
  • Insightful and actionable webinars
GET STARTED
Interested in unlimited access? VIEW OUR SUBSCRIPTION OPTIONS

Current subscribers and registered users can log in now.


Comments and Discussion

Posted by Keith Davidson on January 15, 2018
Thanks for this article Stephen, great job. best... Log in or register to read the rest of this comment.

Posted by Nancy Kenney on February 5, 2018
Informative and applicable to most assets,... Log in or register to read the rest of this comment.

Posted by Christos Christoglou on February 21, 2018
Thank you for this overview, Stephen. It is even... Log in or register to read the rest of this comment.

Posted by Kiriti Bhattacharya on June 12, 2018
Beware! Systems, Processes, Softwares,... Log in or register to read the rest of this comment.

Add a Comment

Please log in or register to participate in comments and discussions.


Inspectioneering Journal

Explore over 20 years of articles written by our team of subject matter experts.

Company Directory

Find relevant products, services, and technologies.

Job Postings

Discover job opportunities that match your skillset.

Case Studies

Learn from the experience of others in the industry.

Event Calendar

Find upcoming conferences, training sessions, online events, and more.

Industry News

Stay up-to-date with the latest inspection and asset integrity management news.

Blog

Read short articles and insights authored by industry experts.

Acronyms

Commonly used asset integrity management and inspection acronyms.

Asset Intelligence Reports

Download brief primers on various asset integrity management topics.

Videos

Watch educational and informative videos directly related to your profession.

Expert Interviews

Inspectioneering's archive of interviews with industry subject matter experts.