ARC Asset Performance Management in Oil & Gas
Asset performance management (APM) can save companies in the oil & gas industry a significant amount of money by increasing maintenance efficiency and effectiveness, avoiding costly unplanned downtime, minimizing the need for scheduled downtime, and maximizing equipment availability, all while increasing safety. APM also provides a mechanism to reduce regulatory compliance cost and effort and minimize the risk of non-compliance. In this 13-page white paper published in November 2016, the ARC advisory group outlines asset performance management challenges in the Oil & Gas industry, estimates the potential value that can be created through the use of advanced digital analytics, and makes the case for cloud-based solutions in this industry.
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