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With respect to the core aspects of APM, Meridium’s APM Solutions have some of the richest functionality profiles
available, though it is not an Enterprise Asset Management (EAM) or CMMS solution, nor does it provide
specialized MRO inventory.
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Meridium Asset Answers: The Answer for Asset Performance Management? Page 2 of 8
The company has a strong presence in the chemical, mining, oil & gas, and power & utilities industries, with 1,200+
sites in more than 75 countries and eight languages.
We’ve discussed the important opportunities in process industries, where unplanned downtime and adverse events
can prove disastrous, that APM can provide. Even in a volatile industry such as oil & gas currently, though less
activity may be occurring around investments, the opportunity that APM can provide in the midst of shrinking profit
margins and the potential brand and reputation damage to business stemming from public disasters or other adverse
events is arguably greater than in more flush circumstances.
Asset Answers is the company’s newest solution, which was developed as a distinct offering that leverages the
wealth of asset data that Meridium has aggregated working with its customers to create a cloud-based
benchmarking databases. This allows organizations to assess their APM performance against peers in their industry,
global community or process specific peer comparisons. LNS Principal Analyst Dan Miklovic has written about the
tremendous opportunity that aggregate data presents to cloud users if data is anonymized, secured, and handled
properly.
While there are risks involved in data sharing, we believe that the good outweighs those risks overall. The sharing of
equipment performance, downtime, and process parameters is an opportunity for enterprises to accomplish several
goals, including better predict the service life remaining in specific pieces of equipment.
For much more information about Meridium’s APM solutions, strategy, and strength as well as full details on 19 other
top APM providers by key criteria such as company sizes served, geographies covered, functionalities and delivery
models, and industry strengths be sure to click below to download the full version of the LNS APM Solution Selection
Guide.
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