LNS Announces Predictions For Asset Management In 2015
By Christine Kern, contributing writer
LNS Research is introducing its Asset Performance Management (APM) Research Library this month, and in a recent blog post Dan Miklovic unveils a sneak peek at the top three trends that manufacturing will see have an effect on APM in 2015, with the third related to APM solutions providers.
First, the blog asserts, “APM will be a poster child for the big three tech issues.” APM will be at the forefront of case studies and deployment examples for the Internet of Things (IoT), cloud and Big Data, and mobility. The IoT will continue to expand and develop, driving greater needs for APM and initiatives including maximize the potential of IoT-generated data to drive uptime, reducing unplanned maintenance, and improving customer satisfaction. In addition to cloud and Big Data providing insights into asset performance, mobility strategy, including using location services, will be necessary to keep traction in the marketplace.
The second prediction is that “analytics will be the number one application area driving APM payback in 2015.”
The third prediction is “APM solutions providers will remain stratified in three categories,” including automation companies, specialist APM firms, and enterprise suite solution providers, since the market is still unprepared for extensive consolidation. The blog states new market entrants with highly specialized domain expertise will drive market growth throughout 2015.
Miklovic also adds a “long shot” prediction for 2015: that a universally accepted centralized repository for asset performance data will emerge. He comments that, ideally, this would be a cloud-based repository that would contain detailed data regarding failure modes and conditions for virtually all equipment in all applications. Such a system is theoretically possible although security, data ownership, liability, and metric standardization challenges exist.