Hitachi Energy Announced the Next Generation of Its Asset Performance Management Software Solution

Hitachi Energy announced the next generation of its asset performance management (APM) software solution, Lumada APM. The release builds on the strength of its proven asset health prediction offering and expands with two additional APM modules – Lumada APM reliability and Lumada APM optimization. Hitachi Energy’s Lumada APM solution now further advances sustainability, safety, and operational excellence initiatives, equipping asset-intensive organizations with a unified view of their assets and asset systems. With that insight, they can further maximize asset uptime, minimize unplanned downtime, prioritize maintenance spend, extend asset life, and reduce total cost of ownership. 

Lumada APM empowers engineers to take a strategic and proactive approach to a reliability-centered asset maintenance strategy. The solution delivers prescriptive, data-based insights and recommendations for proactive maintenance and planning utilizing a broad range of physics-, statistical-, artificial intelligence-, and hybrid-based modeling methodologies, so organizations can maximize their time and budgets. Additionally, Lumada APM provides a single pane of glass for evaluating system and fleet risks of potential asset failures before they occur, simulate intervention strategies, and optimize portfolio resources to balance desired asset performance, risk, and cost.

Hitachi Energy’s APM Modules include:

• Lumada APM health: Allows operators to monitor the condition and predict the failure of their critical assets, early enough to take actions using data-driven modeling and artificial intelligence-powered prognostics, and make timely, proactive maintenance decisions.

• Lumada APM reliability: Enables users to implement system reliability engineering methodologies to drive safe, reliable, and compliant operations. Dynamically assesses risks and simulates various asset intervention scenarios so that engineers can drive risk-based, reliability-centered maintenance and prioritize overall maintenance spend.

• Lumada APM optimization: Provides asset managers with an optimized list of asset intervention projects based on identified constraints to deliver financially optimized, long-term asset investment planning strategies.

Inderpreet Shoker, ARC Advisory Group, commented “Digital transformation has propelled APM solutions in new and exciting directions. Analytics, cloud, Industrial IoT, and advanced technologies are reshaping how assets are managed. The increased volume of data required for effective asset management, along with the greater variety generated by countless new devices, will materialize as data that must be aggregated and analyzed to be useful. Solutions that gather information to help end-users make informed decisions are key to be successful with APM initiatives.”