General
Traditional Asset Performance Management (APM) focuses on optimizing the performance of physical assets throughout their lifecycle by leveraging data, digital models, advanced analytics, and machine learning. However, APM lacks real-time insights and a physics-based approach to address structural asset integrity.Structural Performance Management (SPM) is a systematic approach that ensures assets meet their intended function over…
At the macro level, several trends either directly or indirectly impact downstream. First is the evolving regulatory landscape, such as emissions trading schemes (ETS) and capping of greenhouse gases in a region. Or Carbon Pricing Mechanisms: adding a direct cost on carbon emissions, often through carbon taxes or carbon fees. And Fuel Economy Standards still…