Use Cases Asset Lifecycle Management (ALM)

Asset Lifecycle Management (ALM)

The objective of Asset Lifecycle Management (ALM) is to optimize the profit generated by assets over the course of their lifecycle. ALM integrates processes and technologies in order to manage asset portfolios, execute projects, and facilitate efficient asset management practices. Whereas Asset Health Management (AHM) deals with monitoring and optimizing the health the asset in real time, ALM extends across the lifecycle of the asset from design, to procurement, commissioning, operations, maintenance, and decommissioning. IoT technologies enable superior visibility, forecasting, and feedback loops across the ALM process. 

 

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E.ON Gets Faster, Lower Cost Cycles with OpFlex Solutions
E.ON Gets Faster, Lower Cost Cycles with OpFlex Solutions
E.ON's plants ran 4000+ hours per year, now see fewer than 1000+ hours of profitable operation. E.ON needed a fast, reliable and low-cost cycle plants.
Software AG - Market Operator Enhances Australia Energy Future
Software AG - Market Operator Enhances Australia Energy Future
AEMO needed to modernize of the Gas FRC Hub a B2B platform for the gas retail markets throughout Australia and provide a reliable B2B platform that could scale to support the adoption of B2B procedures in New South Wales (NSW).
California Tomato Machinery
California Tomato Machinery
California Tomato Machinery (CTM) is the world' No.1 manufacturer of tomato harvesting tools and equipment. Their top customers were requesting a solution that would help them lower their total cost of ownership of machinery and assure maximum asset uptime.

The Application Lifecycle Management (ALM) market is expected to grow from USD 2.58 Billion in 2017 to USD 3.63 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period. 

Source: PRNewswire

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