Meridium Drives Increased Data Quality, Safer Decision-Making with Latest Version of Asset Answers

ROANOKE, Va., June 14, 2016 /PRNewswire/ -- Meridium®, Inc. (www.meridium.com), the global leader in asset performance management (APM) software and services, today announced the availability of Asset Answers® Version 2.1.1, the only cloud-based asset performance diagnostics solution to provide comparative analytics, delivering instant visibility into asset data and supplying organizations with the insights to drive safer, better informed and more profitable decisions. With this release, Asset Answers includes new capabilities to improve the quality of data input as well as an enhanced user interface for customizable bad actor measurement and identification.

Since the introduction of Asset Answers, more than 200 sites in the petrochemical, oil & gas, and manufacturing industries rely on Asset Answers to support continuous improvement initiatives with the ultimate goal of achieving operational excellence. In addition, Asset Answers provides detailed information and actionable insights on more than 3 million pieces of equipment with an associated
7 million events and 6,000 manufacturers.

According to Meridium Senior Vice President Roy Whitt, "When looking at equipment in asset-intensive industries, it's always instructive to know which types, groups and individual pieces of equipment are causing the most problems. Users like to view data in different ways, and our latest version of Asset Answers enables one to select individual metrics for inclusion in his bad actor functionality. With the addition of customizable bad actor determination, subscribers can better investigate equipment data to help minimize downtime, streamline maintenance, and boost overall effectiveness of equipment."

Asset Answers not only provides an easy way to view performance criteria across subscribers' own equipment and sites, but it also enables them to benchmark asset performance anonymously against global industry peers. With Asset Answers' comparative analytics, organizations can gain both a deeper understanding of equipment health and a competitive advantage by optimizing the total cost of ownership (TCO) for critical assets and making better asset purchasing decisions.

Benefits and new features of Asset Answers 2.1.1 include:

• Enhanced user interface for bad actor determination
• Weighting capability in the bad actor function – users can customize the way they weight metrics for better applicability to their operation
• Improved flexibility with the ability to choose which columns to display
• Bug fixes that improve the overall user experience

"Giving customers the ability to leverage their data and improve the quality of data input is a key success component for Asset Answers subscribers," said Whitt. "We are constantly reviewing how our customers combine, contextualize and compare data. We routinely meet with customers to ensure their needs are being met. Linking data mining and customizable bad actor determination, Asset Answers 2.1.1 allows reliability engineers to investigate equipment data to uncover the true cost, reliability and availability of asset groups and individual pieces of equipment with the click of a mouse."

About Meridium
Meridium is the global leader in asset performance management (APM) software and services for asset-intensive industries. Meridium drives insights into industrial assets for mitigating risk and improving operational excellence. Founded in 1993 and headquartered in Roanoke, VA (USA), Meridium pioneered the vision, software and technology behind Asset Performance Management (APM). Today, Meridium serves market-leading companies in more than 80 countries with more than 1,200 licensed sites around the globe. Asset Answers, a Meridium company. 

Media Contacts:
Jane Bailey, Meridium
540-344-9205 
[email protected]

Rachael Tucker, InkHouse for Meridium
508-280-4846
[email protected]

SOURCE Meridium, Inc.

Related Links

http://www.meridium.com