What is APM and why does your business need it
In today’s constantly changing business environment, every business needs to optimise its assets to help achieve goals better. With the successful management of these assets, organisations can not only form viable objectives for their growth but also help monitor the health of vital company assets.
As a business leader, you need to know when and how your enterprise assets will fail to take immediate actions to reduce risk. For that, you need asset management insights. With the help of targeted AI and analytics and automation tools, Asset Performance Management (APM) software enhances your company's asset management insights.
Here's an in-depth guide to Asset Performance Management and why your business needs it.
What is APM?
Asset Performance Management or APM is a strategy or process that companies adopt to monitor and assess the assets required for the smooth running of the business. This process often includes industrial machinery, computers, network equipment, etc. APM also aids in determining the funding each asset requires to stay functional and perform at a specific level.
Source: https://www.ramco.com/blog/erp..../what-is-apm-and-why
