asset performance management definition
Asset Performance. DEFINITION of 'Asset Performance'. A business's ability to take productive resources and manage them within its operations to produce subsequent returns. Asset performance is typically used to compare one company's performance over time or against its competition.
Enterprise Asset Performance Management Technology, enabled by the Industrial Internet of Things (IIoT), is empowering organizations to shift to a holistic and operations-centric view where proactive and predictive maintenance (PdM) enables front line personnel to act before costly failures occur. Schedule a Demo.