ROANOKE, Va., July 29, 2015 /PRNewswire/ -- Meridium®, Inc. (www.meridium.com), the global leader in asset performance management (APM) software and services, today announced the immediate availability of fourth generation Meridium Enterprise APM®, the only complete enterprise APM solution that enables industry to harness the value of the Industrial Internet of Things (IIoT).
According to Meridium founder and CEO Bonz Hart, "The promise of the IIoT is real, but for all this new accurate data to have value, industry will require more than OEM-specific M2M platforms or standalone point solutions. Enabling the IIoT requires connecting disparate information sources, creating storage capacity for exploding volumes of big data, comprehensive analytics, expert content presented in context, and most importantly, Intelligent Asset Strategies (IAS). These strategies are the engine for the IIoT that drives improved asset performance and reliability, reduced operational risk, and optimized costs. Meridium has been working with clients since 1993 on asset strategies, along with M2M communication. Over the years, our clients have seen significant value and now have worked with us to create Intelligent Asset Strategies to leverage the data of the IIoT."
"Intelligent Asset Strategies are key to the IIoT as they use both analytical and comparative analysis to provide a platform to integrate asset data from existing and new sources," said Eddie Amos, Meridium chief technology officer. "Intelligent Asset Strategies are also a driver for the critical conversion of that data into actionable information to predict how and when an asset will fail; and the recommendation of actions to prevent that failure. These strategies utilize advanced analytics and context to identify exceptions and trends in the data; provide system reliability and regulatory compliance; benchmark assets; and adjust asset strategies dynamically to continually improve performance, increase asset availability, optimize operational costs and mitigate risk. Additionally, Intelligent Asset Strategies consolidate operational knowledge in a single location, making it available across all levels of an organization and in the desired form, applying mobile and cloud technologies as needed."
"Meridium Enterprise APM is the fastest track to fulfilling the promise of the IIoT and millions of connected assets," added Amos. "It simplifies use, consolidates disparate data sources, and offers Google-like search capability and a single view of asset risk to provide a quicker time to APM value. Meridium seamlessly integrates with SAP®, IBM Maximo®, and Oracle® systems to name a few, and is fully integrated into any OPC compliant data source, Emerson Process Controls® and GE Bently Nevada System 1® solutions."
The fourth generation of Meridium's APM software enhances the user experience by delivering an asset-centric, contextual solution with an improved interface completely enabled for both desktop and mobile devices across a variety of platforms and operating systems. "A comprehensive, configurable dashboard view and global advanced search capabilities in Meridium are valuable enhancements to the web-based application upgrade," said Scott Myers, reliability systems leader at Flint Hills Resources, a leading refining, chemicals and biofuels company and a beta tester of Meridium's fourth generation Enterprise APM.
Dan Miklovic, Principal Analyst at LNS Research, said, "To take advantage of the IIoT, industry needs a new APM architecture to leverage smart, connected assets and create smart connected operations. These days, the increasing ROI achievable from APM software makes these applications even more critical to achieving operational excellence and maintaining competitiveness across industries. Healthy assets are the foundation of a healthy business, and APM is the best way to ensure your assets remain healthy. The breadth and functionality of Meridium Enterprise APM, particularly its fourth generation APM software, makes it a strong platform for an APM initiative."
Davide Modica, system information/maintenance analyst from ISAB, a European refinery, recently beta-tested the latest version of Meridium Enterprise APM, and commented on both on the ease of access and transparency of asset information: "Meridium Enterprise APM is very easy to use, and looks very intuitive. The presence of a dashboard for each section helps you to have a quick reference for your data with improved reporting."
According to Paula Hollywood, senior analyst at ARC Advisory Group, "The IIoT has created a buzz about how industrial operations and efficiencies will be transformed across industry. What's been missing is the glue to link intelligent assets to the higher levels of IIoT architecture such as analytics and cloud platforms. Solutions such as the fourth generation of Meridium Enterprise APM capable of providing this connectivity are emerging as pivotal, value-added components of the IIoT architecture."
Meridium is the global leader in asset performance management (APM) software and services for asset-intensive industries. Meridium increases the availability of assets, improves safety, optimizes cost and lowers risk for our global clients in more than 80 countries with more than 1,200 licensed sites around the world. Through our unique software developed in collaboration with our clients, we predict and prevent asset failures with intelligent asset strategies. Founded in 1993 and headquartered in Roanoke, VA (USA), with offices around the world, Meridium is the pioneer of APM and continues to drive innovation, leveraging the data from sensors, devices, systems and smart equipment to minimize unplanned events, incidents and downtime.
SOURCE Meridium, Inc.