If funds were unlimited, digital technology could be utilized in countless ways to improve plant performance and reduce downtime. But costs do matter, so taking a graded approach to managing risks and ...

Halliburton HAL has entered into a strategic collaboration with Shape Digital, a technology company spun out of MODEC, to accelerate the next generation of digital asset performance management, ...

In my last article, I discussed the three kinds of asset performance metrics. Using this knowledge, the next step is to establish your own asset performance management process. While the scale and ...

Industries that are traditionally asset-heavy, such as utilities, have an extra challenge facing them: performing successful asset performance management on an ongoing basis to ensure those assets are ...

Utilities that have invested in digitizing their grid have positioned themselves to reap significant rewards as a result. As expected, a digitized grid offers radically improved visibility for ...

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced it has been recognized as a Leader in the 2022 Verdantix Green Quadrant®: ...

Forbes contributors publish independent expert analyses and insights. I cover the impact of AI and Machine Learning on the supply chain. The reality is stark: Even billion-dollar enterprises with ...

Manufacturers are under increasing pressure to deliver high-quality products while maximizing production and profitability. However, issues like equipment downtime, inefficient processes and a lack of ...

In today’s complex commercial real estate market, owning a property is only the first step in creating long-term value. Success depends on a clear strategy, strong execution and the ability to adapt ...

Key performance indicators (KPI) are a valuable tool for any business looking to ensure that efficiency is being prioritized at the company. They allow you to effectively measure the success of ...

Electricity grids globally are becoming more complex due to several converging factors. Grids are receiving more renewable energy, which is produced at different times in highly varying amounts, ...