Hitachi Energy Unveils Next Generation of Lumada APM Software

Hitachi Energy released the next generation of its asset performance management (APM) software, Lumada APM, which builds on its asset health prediction offering with two additional modules—Lumada APM reliability and optimization. This APM solution improves upon sustainability, safety, and operational excellence initiatives, allowing organizations a unified view of assets and asset systems. Engineers that use Lumada APM will be able to maximize asset uptime, minimize unscheduled downtime, extend asset life, and reduce the cost of ownership.

Lumada APM provides engineers with a reliability-centered asset maintenance strategy. The program offers data-based insights and suggestions for proactive maintenance, using a range of physics, statistical, AI, and hybrid-based modeling methodologies to maximize time and cost-efficiency. Additionally, Lumada APM is capable of evaluating potential asset failures before they occur, simulating intervention strategies, and optimizing portfolio resources to balance asset performance, risk, and cost.

"For organizations in asset-intensive industries, the availability and reliability of capital assets are constant concerns that create significant data management and operational challenges," said Bryan Friehauf, SVP Enterprise Software Solutions, Hitachi Energy. "The newest generation of Lumada APM provides users with expanded critical decision support to be more proactive, anticipate trends, pinpoint system risks, and prioritize capex and opex budget and resources to maximize asset reliability and availability.”

Hitachi Energy features a trio of modules in its latest generation of Lumada APM: health, reliability, and optimization. Lumada APM Health allows operators to monitor the condition and predict the failure of critical assets, enabling them to make proactive maintenance decisions with data-driven modeling and AI-powered prognostics.

Lumada APM reliability allows users to implement system reliability engineering methodologies to promote safe and reliable operations. The reliability module evaluates risk and simulates asset intervention scenarios for engineers to drive risk-based maintenance and prioritize maintenance spend.

The APM optimization module provides asset managers with a list of intervention projects based on identified constraints to deliver cost-efficient, long-term asset investment strategies.

"Digital transformation has propelled APM solutions in new directions. Analytics, cloud, industrial IoT, and advanced technologies are reshaping how assets are managed," said Inderpreet Shoker, Director of Research at ARC Advisory Group. "The increased volume of data required for asset management, along with the greater variety generated by 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."

Hitachi Energy’s software portfolio is managed in a single pane of glass and combines APM, enterprise asset management (EAM), and field service management (FSM) in one asset management offering.