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Why Proper Benchmarking is Needed to Generate Maximum APM Results

LNS Research knows that a ROI is expected of users when they invest in Asset Performance Management (APM). The LNS Research APM survey shows that, although users expect results, they are often times only benchmarking a small number of parameters against high level norms. It is imperative to benchmark and gauge performance against a particular set of key metrics, metrics that are critical to the organization. By following proper benchmarking practices a company can be lead to understand how to fully optimize its asset performance. These key metrics include:
  • Industry
  • Company Size
  • Geography
  • Process
This LNS Research Spotlight will help you identify multiple benchmarking approaches to take, including those that utilize Cloud-based services and Big Data Analytics, and to optimize the right parameters. 
Author Name: Dan Miklovic, Principal Analyst, LNS Research
Date: Apr 13, 2016

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