Meridium Asset Answers Reveals Hidden Opportunities for Operational Efficiency

ROANOKE, Va., July 8, 2014 /PRNewswire/ -- Meridium®, Inc. (www.meridium.com), the global leader in asset performance management (APM) software and services, today announced the availability of Asset Answers® version 1.2.1. Asset Answers is the only cloud-based asset performance diagnostics solution that provides cross-company and cross-industry comparative analytics to gain instant visibility into your operational data, supplying your organization with the insights to drive more profitable decisions. With this most recent release, Asset Answers includes new capabilities to directly compare manufacturer and model performance data for a broad range of equipment types to drive the right asset strategy.

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A key competitive advantage today is managing big data for heightened situational awareness. Plant professionals and executives want to access comparative data about the performance of their production assets quickly and easily. According to Chris DeFalco, Meridium Director of Product Management, "A fundamental advantage of Asset Answers is that it securely compiles and continuously updates key performance data which span companies, industries and equipment types. Asset Answers is designed for companies that recognize the power of their own data anonymously compared to others' data and the insights that can provide."

Asset Answers is updated automatically each month for subscribers with fresh, anonymized data that provide subscribers with the latest relevant asset-related information and can be filtered by date range, equipment type, industry, geography, manufacturer, and unit type. Focused on 15 industry-standard metrics, Asset Answers provides detailed information on average corrective work cost, MTBF and equipment count – plus a ranking for each category, and more to give insight into asset availability, reliability, and cost.

"With the latest version of Asset Answers," notes DeFalco, "users can compare the performance of assets from different manufacturers by drilling down through an equipment hierarchy to find specific equipment types, and filtering by manufacturers or model numbers. Because users like to view data in different ways, Asset Answers is configurable in how information and analysis is displayed, including dashboards specifically for executives who want a holistic view of an enterprise, business line or region. By comparing manufacturer metrics down to the asset level, Asset Answers subscribers are better equipped to make informed decisions that positively impact operations and the bottom line."

Leading companies in the chemicals, oil and gas, power, utilities, and manufacturing industries rely on Asset Answers to support continuous improvement initiatives with the ultimate goal of achieving operational excellence. For more information about Asset Answers or to schedule a demonstration, please visit www.assetanswers.com  or www.meridium.com or contact us today.

About Meridium
Meridium is the global leader in asset performance management (APM) software and services for asset-intensive industries. Meridium drives insights into industrial assets for mitigating risk and improving operational excellence. Founded in 1993 and headquartered in Roanoke, VA (USA), Meridium pioneered the vision, software and technology behind Asset Performance Management (APM). Today, Meridium serves market-leading companies in more than 80 countries with more than 1,200 licensed sites around the globe. Asset Answers, a Meridium Company.

SOURCE Meridium, Inc.