OCEAN GROVE, VICTORIA -- ARMS Reliability, a leading Reliability services and solutions provider, has again been included in Gartner’s Market Guide for Asset Performance Management (APM) Software 2020 for its digital asset management solution, Cordant™ Asset Strategy®. This marks the third consecutive year for Cordant™ Asset Strategy® to be recognized in the leading research report for APM solutions.
The 2020 Gartner Market Guide is intended for CIO’s to give insights on APM offerings that are exemplary in their support of asset management activities and elevating the maintenance maturity level of asset-intensive organizations they support.
From Reactive to Proactive Asset Management
Traditional approaches to asset management have been largely reactive, resulting in endless asset strategy review projects while failing to deliver increases in production asset reliability or performance. What organizations are moving to is a new digitization approach that integrates APM solutions with data sources such as asset health indicators to drive decision making.
ARMS Reliability’s Cordant™ Asset Strategy® solution connects physical assets, plants and sites to a central system, allowing organizations to effectively develop, implement, maintain, and optimize asset strategies, principally for maintenance activities, on an ongoing basis while aligning to the business performance requirements.
Cordant™ Asset Strategy® is unique in its ability to utilize, deploy and connect component level asset strategies to all similar assets whilst still supporting specific operating context changes. This solves the problem of governance across an asset fleet, understanding the difference in strategy and the impact on operations.
The latest version, Cordant™ Asset Strategy® 6.1, has achieved SAP S4/HANA certification and seamlessly integrates with all EAM systems, generating EAM system compliant Master Data. The latest update also includes Risk Register, which enables organizations to capture, record, and manage organizational risk, along with the Integrity and Inspection Management Framework.
“Cordant™ Asset Strategy® drives value continuously with data-driven digital asset strategies and has helped some of the world’s leading organizations achieve the optimal balance of cost, risk and performance” says Jason Apps, CEO of ARMS Reliability. “Our deep domain and expertise in the APM marketspace, combined with our innovative approach to strategy management is why we’ve seen such great success, and why Cordant™ Asset Strategy is being recognized by the experts at Gartner for a third time.”
The Gartner Market Guide writes that Cordant™ Asset Strategy®: “augments proactive strategy formulation and optimizes plant maintenance and reliability.”
Transforming Reliability: Asset Strategy Management and Asset Performance Management
It’s important to note that while Cordant™ Asset Strategy is featured in the Market Guide alongside a number of APM solutions, traditional APM tools are unable to manage strategy. As stated in the Market Guide “organizations realize the need for a combination of asset maintenance strategies suited to a variety of asset types and situations across a business through a toolbox approach.”
Cordant™ Asset Strategy’s core functionality is strategy management, designed specifically to meet the needs of organizations with a toolbox approach to asset strategies based on component level intelligence. ARMS Reliability classifies Cordant™ Asset Strategy® as an Asset Strategy Management (ASM) solution. ARMS Reliability defines ASM as a fundamental pillar of asset management, enabled by people, technology and data, that delivers consistent, justified, effective asset maintenance strategies to your entire asset base, ongoing.
Cordant™ Asset Strategy® acts as that central system and is supported by one of the industry’s largest component strategy libraries. Anchored in reliability first principles, the library helps customers develop best in class reliability strategies for each equipment type and customize these as needed for operational context.
Download the report
To read more about Cordant™ Asset Strategy and gain further insights into the state of the APM software market, download your copy of the Gartner Market Guide for Asset Performance Management Software.
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