Meridium - An Enterprise APM Solution For Innovative Approach To Asset Management
In an endeavor to meet the business objectives and manage risks around safety, financial and environmental events; companies invest in assets, processes, and systems on a massive scale. Hundreds of thousands of these assets produce a relentless stream of data for EAM, ERP and data historians every day, all with its own specific purpose. However, the approach can either keep companies well informed to make smarter decisions or leave them vulnerable to blind spots and risk. Organizations urge for the ability to know what all that data means in order to determine which information is the key to the health of enterprise assets. By combining real-time data with human experience, operating parameters, analytics, and connectivity, an intelligent asset strategy (IAS) continuously can be formulated, which would improve over time. Headquartered in Roanoke, Virginia, USA; Meridium equips organizations with tools necessary to build an intelligent asset strategy to improve safety and performance, increase asset availability, and optimize cost- all while mitigating operational risk. Originator of the industry term ‘Asset Performance Management’ which is now adopted by many, Meridium works with global asset-intensive companies to empower businesses to ameliorate reliability for a future that’s more secure. Leveraging years of industry experience, which includes working with several Fortune 500 companies; Bonz Hart, President & CEO of Meridium commits the company to assist firms in managing the performance of their production assets. “We create Asset Performance Management software that works on premise and in the cloud, with hybrid and mobile options, and combined it with expert services to curtail risk and drive predictable production enterprise-wide.” affirms the CEO.
APM Tailored Exclusively for IIoT
Achieving early insights into the burgeoning data to evaluate business opportunities is the prime requisite of organizations these days. Empowering customers to seamlessly connect disparate plant systems and use the data to create and manage intelligent asset strategies, Meridium furnishes advanced APM software. Tailored for each individual technical environment; APM solution easily integrates into existing EAM or computerized maintenance management system (CMMS). Embedded with the highest security mechanisms, Meridium’s APM solutions provide various levels and flexibility of security and application mechanisms to merge and match the security capabilities of customers. The SAAS/cloud-based product applications, Meridium APM Now and Asset Answers, are hardened application environments with multi-level security and use strong authentication measures.
Meridium constantly works towards safeguarding clients’ data against cyber threats. A cloud-based asset performance diagnostics solution to impart comparative analytics, Asset Answers delivers instant visibility into asset data and supplies organizations with the insights to drive safer, better informed and more profitable decisions. The solution bestows detailed information and actionable insights on more than 3 million pieces of equipment with an associated 7 million events and 6,000 manufacturers. Moreover, the relying of more than 200 sites in the petrochemical, oil and gas and manufacturing industries on Asset Answers proves the capability of the solution to support continuous improvement initiatives. Taking into account the possibilities of quality problems originating from inadequate CMMS/EAM implementation or from not following CMMS/EAM work processes precisely; Meridium leverages machine to machine data, to help automate the process. The APM solution improves data quality, which in turn improves accuracy and leads to smarter decisions, increased profit, and a safer work environment.
Meridium fulfills the promise of the IIoT by taking advantage of augmented connectivity to quickly assess a plant’s equipment health and provide next level functionality and analytics beyond simple data collection and work management. With Cognitive Analytics functionality, the APM Analytics solution of Meridium enables customers to organize, qualify and mine their data to identify failure patterns that have been missed through traditional analytical routines. Comparative analytics by Meridium extends the ability to internally compare the status and performance of the equipment or assets not only within a company across sites to ignite continuous improvement initiatives, but also against peer organizations within an industry.
Training Module for Successful APM initiatives
Studies indicate that a continuous education program with metric-based certifications is an absolute must-have in order to maintain an effective level of employee and system performance and ensure success. Training and certifying employees fosters a dynamic culture of learning, helping to attract and keep the best staff to cultivate a successful software implementation. Based on hundreds of combined years of industry experience, Meridium consultants bestow subject matter expertise and instructions for an organization’s workforce through a variety of training classes, conducted at the organization’s desired site. The training includes but is not limited to Meridium APM Work Process Workshops, Reliability Failure and Event Coding, Root Cause Analysis Methodology, Reliability-Centered Maintenance, SIS Life Cycle Management, Strategy Risk Review and Optimization, Risk-Based Inspection and Calibration Management.
To certify professionals based on their expertise, Meridium offers quick courses and certifications. Meridium-certified APM professionals undergo rigorous and objective training to acquire the product knowledge and skills to expertly use the Meridium software and run an effective APM initiative. Skills of Meridium Certification candidates are evaluated and tested per training course and by work process on the level of technical knowledge and expertise demonstrated.
Unique Delivery Model for Indian Market
A human capital, rich with the right skills and knowledge, Indian core industries have shown continuous advancement towards gaining value through aggressive use of technology, preserving the experience people have gained throughout the years. Meridium has been committed to India ever since its inception. With the vision of safeguarding the environment, augmenting safety and enhancing shareholder returns, Meridium integrates global standards in Asset Performance Management with feedback from clients to endow the right level of functional and technical expertise. Meridium’s investment in India includes, among others, a Global Integration Centre of Excellence in Hyderabad and a technology lab in Bangalore. These labs work with many technology partners to develop state of the art applications around Asset Performance Management. To ensure clients’ success, Meridium deploys Project Delivery teams consisting of industry expert, reliability practitioners and software consultants, as well as a Global Support team based out of Bangalore which provides 24 x 7 customer support.
Meridium works with asset-intensive organizations to create an APM improvement journey that appropriately outlines their future needs. “The APM Solution Design process captures every aspect of what we need to know in order to succor a client achieve manufacturing excellence with a detailed business case. It covers all front end loading requirements for client’s project as outlined in our Project Management Methodology (MPMM.)” affirms Bonz.
A Roadmap for Technological Growth
Foreseeing the emerging importance of hand-held devices, Meridium deploys a mobile APM platform. The platform enables operators to access asset performance management data on mobile devices, from corporate desktop systems to iPads, iPhones, Androids, and smartphones. The firm recently extended its mobile, offline data collection capabilities for field inspectors and instrument technicians working in Meridium integrity solutions. Regardless of device or location, the offering assists field workers in document their findings at the point of inspection. The platform leverages American Petroleum Institute (API) based inspection and safety system proof test applications, which ensure accurate, timely assessments of compliance activities and emerging threats.
Anticipating wide adoption of APM solutions in near future, Meridium recently announced Enterprise APM V4, furnishing new functionality, enhanced connectivity, mobility and deployment to create a single view of asset risk. Meridium also pledges to continue evolving machine learning technology through APM Analytics solution, as well as innovate around APM overall. With offices around the world including Houston, TX, USA; Dubai, UAE; Bangalore, India; Madrid, Spain; Singapore; and Perth, Australia; Meridium looks forward at expanding its footprint across geographies in the upcoming years.
Studies indicate that a continuous education program with metric-based certifications is an absolute must-have in order to maintain an effective level of employee and system performance and ensure success. Training and certifying employees fosters a dynamic culture of learning, helping to attract and keep the best staff to cultivate a successful software implementation. Based on hundreds of combined years of industry experience, Meridium consultants bestow subject matter expertise and instructions for an organization’s workforce through a variety of training classes, conducted at the organization’s desired site. The training includes but is not limited to Meridium APM Work Process Workshops, Reliability Failure and Event Coding, Root Cause Analysis Methodology, Reliability-Centered Maintenance, SIS Life Cycle Management, Strategy Risk Review and Optimization, Risk-Based Inspection and Calibration Management.
Empowering customers to seamlessly connect disparate plant systems and use the data to create and manage intelligent asset strategies, Meridium furnishes advanced APM software
To certify professionals based on their expertise, Meridium offers quick courses and certifications. Meridium-certified APM professionals undergo rigorous and objective training to acquire the product knowledge and skills to expertly use the Meridium software and run an effective APM initiative. Skills of Meridium Certification candidates are evaluated and tested per training course and by work process on the level of technical knowledge and expertise demonstrated.
Unique Delivery Model for Indian Market
A human capital, rich with the right skills and knowledge, Indian core industries have shown continuous advancement towards gaining value through aggressive use of technology, preserving the experience people have gained throughout the years. Meridium has been committed to India ever since its inception. With the vision of safeguarding the environment, augmenting safety and enhancing shareholder returns, Meridium integrates global standards in Asset Performance Management with feedback from clients to endow the right level of functional and technical expertise. Meridium’s investment in India includes, among others, a Global Integration Centre of Excellence in Hyderabad and a technology lab in Bangalore. These labs work with many technology partners to develop state of the art applications around Asset Performance Management. To ensure clients’ success, Meridium deploys Project Delivery teams consisting of industry expert, reliability practitioners and software consultants, as well as a Global Support team based out of Bangalore which provides 24 x 7 customer support.
Meridium works with asset-intensive organizations to create an APM improvement journey that appropriately outlines their future needs. “The APM Solution Design process captures every aspect of what we need to know in order to succor a client achieve manufacturing excellence with a detailed business case. It covers all front end loading requirements for client’s project as outlined in our Project Management Methodology (MPMM.)” affirms Bonz.
A Roadmap for Technological Growth
Foreseeing the emerging importance of hand-held devices, Meridium deploys a mobile APM platform. The platform enables operators to access asset performance management data on mobile devices, from corporate desktop systems to iPads, iPhones, Androids, and smartphones. The firm recently extended its mobile, offline data collection capabilities for field inspectors and instrument technicians working in Meridium integrity solutions. Regardless of device or location, the offering assists field workers in document their findings at the point of inspection. The platform leverages American Petroleum Institute (API) based inspection and safety system proof test applications, which ensure accurate, timely assessments of compliance activities and emerging threats.
Anticipating wide adoption of APM solutions in near future, Meridium recently announced Enterprise APM V4, furnishing new functionality, enhanced connectivity, mobility and deployment to create a single view of asset risk. Meridium also pledges to continue evolving machine learning technology through APM Analytics solution, as well as innovate around APM overall. With offices around the world including Houston, TX, USA; Dubai, UAE; Bangalore, India; Madrid, Spain; Singapore; and Perth, Australia; Meridium looks forward at expanding its footprint across geographies in the upcoming years.
