Make Asset Health More Predictable with Meridium’s Latest Version of Asset Performance Management

Meridium® Inc. today announced the release of v3.5.1 of its innovative Asset Performance Management (APM) software to help companies improve efficiency while reducing risk. Enhancements to Meridium APM v3.5.1 include new work process dashboards for the end-to-end management of performance improvement opportunities, expanded monitoring policies to address process excursions and enhanced integration capabilities to enable machine-to-machine (M2M) communications.

“Every Meridium product release is a reflection of fulfilling customer needs,” said Bob DeMaria, Maintenance Engineering Technical Advisor at Dakota Gasification Co.  “As a Meridium user, it amazes me how every release offers a new solution to our challenges.  For example, in v3.5.1 they added a new analytical model, which allows us to “see” the impact performing an inspection has on an asset’s risk ranking.  This added functionality will provide huge efficiency gains by allowing us to optimize our inspection intervals.”

v3.5.1 offers new dashboards that are mapped to each of the five Meridium APM Work Processes - APM Foundation, Failure Elimination, Asset Strategy, Mechanical Integrity and Asset Safety.  Key measurements are displayed in an easy to use format for rapid information delivery across a wide range of computing platforms and mobile devices. This functionality allows users to have a 360-degree view of critical assets and their associated goals to increase equipment availability.

“We spend a lot of time listening to our customers. They asked us to develop standard performance indicators to help them visualize asset program data.  In v3.5.1, we are delivering on this request with defined focal points for asset management decisions,” said Meridium Chief Technology Officer Eddie Amos. “We’ve developed dashboards to measure all critical points in the APM workflows, in a very intuitive visualization layer. This functionality combined with Policy Manager and our advanced M2M capabilities gives an organization the ability to identify and manage performance improvements while exposing unknown risk.”

Meridium v3.5.1 Policy Manager boosts your M2M integration with advanced analytics to drive the right actions from the wealth of information collected.  This includes new monitoring capabilities to automatically trigger, close and analyze integrity operating window (IOW) excursions or other critical events. “Operation of assets outside the defined integrity operating window introduces unknown operating risk,” said Louise Pattison, Meridium Product Manager. “Conditions change, and if you are not tracking process excursions, you may be living under a veil of false security.”

Meridium’s Policy Manager delivers on the promise of Actionable Analytics by monitoring an asset’s characteristics and conditions to identify emerging trends so immediate action can be taken to mitigate risk and possible equipment failures.

About Meridium
Meridium was founded in 1993 to help asset-intensive companies improve the health and performance of their assets, and pioneered the vision, software and technology to help them achieve this with the introduction of Asset Performance Management (APM). Today, Meridium serves over 170 market-leading companies in seven different languages with over 1,000 licensed sites in more than 70 countries globally. www.meridium.com