OCEAN GROVE, VICTORIA —ARMS Reliability is pleased to share its Cordant™ Asset Strategy® digital asset management solution has once again been featured in Gartner’s Market Guide for Asset Performance Management (APM) Software.
This independent recognition of Cordant™ Asset Strategy comes at a time when many organizations are looking for new strategies and technologies to better manage asset lifecycles and improve reliability. The Market Guide provides valuable research on the solutions available today and offers insights on how to choose the right one.
One of the key recommendations made by Gartner is that organizations should have a sustainable plan for integrating their EAM with any APM they invest in. This lends credence to ARMS Reliability’s focus on ensuring seamless integration between Cordant™ Asset Strategy and EAMs and generating EAM system compliant Master Data.
Market Guide highlights proven capabilities and Cordant™ Asset Strategy enhancements
The Gartner Market Guide for APM Software rates ARMS Reliability as having proven capability in Asset Risk Management and Reliability-Centered Maintenance (RCM). Summarizing the key capabilities of Cordant™ Asset Strategy 5.2 (the version available at the time of the report), Gartner writes that Cordant™ Asset Strategy:
“… supports devising and enhancing asset strategies by capturing and reviewing data from all sources. Together with Asset Management Solutions, it augments proactive strategy formulation and optimizes plant maintenance and reliability. Enhancements with the latest release include a new user interface, maintenance strategy governance customization and modules, and troubleshooting guides.”
Commenting on Cordant™ Asset Strategy’s inclusion in the Market Guide, Jason Apps, CEO of ARMS Reliability said, “To be recognized by the world's leading research and advisory company for our proven capabilities in Asset Risk Management and Reliability-Centered Maintenance, validates our continued focus on helping organizations build, deploy and sustain reliability strategies for the entire asset lifecycle. We look forward to the upcoming launch of Cordant™ Asset Strategy 6.0 which will build on the capabilities highlighted by Gartner and further help our customers to deploy the best asset strategies.”
Realizing reliability through Asset Strategy Management
While Cordant™ Asset Strategy is featured in the Market Guide alongside a number of APM solutions, ARMS Reliability classifies Cordant™ Asset Strategy as an Asset Strategy Management (ASM) solution. Both APM and ASM are essential to asset management and performance, but there are important differences that organizations should understand before embarking on any large-scale reliability initiatives.
ARMS Reliability defines ASM as a best practice approach to managing asset reliability strategies, organization wide. Enabled by people, technology and data, ASM connects physical assets and independent plants and sites to a central system which allows organizations to effectively develop, implement, maintain and optimize asset strategies.
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.
Both Cordant™ Asset Strategy and ARMS Reliability’s Component Strategy Library are backed by ARMS Reliability’s consulting team which has more than 20 years of experience and deep expertise across multiple industry domains.
ARMS Reliability’s consulting expertise was in fact separately highlighted by ALM as “helping clients improve asset performance and productivity through the development, review and optimization of maintenance strategies” (Source: The ALM Vanguard: Asset Performance Management Consulting 2019, used with licensing permissions).
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.
Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
