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Asset Answers® Announces New and Emerging Functionality for Near Real-Time Industry Peer and OEM Comparisons

Cloud-Based Benchmarking Solution Drives Actionable Insights from Enterprise Asset Management (EAM) Data to Improve Operations, Safety and Maintenance Effectiveness

ROANOKE, Va., April 1, 2014 /PRNewswire/ -- Meridium®, Inc. (www.meridium.com), a global leader in asset performance management (APM) software and services, today announced new and emerging features and functionalities for their cloud-based benchmarking solution Asset Answers.

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The Asset Answers' singularly unique benchmarking process securely collects enterprise asset management (EAM) data from subscribers on a monthly basis and then scrubs, anonymizes and maps the data to a standard taxonomy providing Asset Answers customers with one-of-a-kind comparative analytics and actionable information.

New product features include single sign-on, automated equipment manufacturer comparisons, and enhanced dashboards to provide insights into purchasing decisions, maintenance practices, bad actor identification and results tracking of production assets across a range of industries. By automatically converting massive amounts of data about individual assets and collective maintenance efforts into information, Asset Answers provides executives, managers, and practitioners with insights they need to improve asset performance and reliability – thereby improving safety, increasing revenue, and reducing risk.

"Asset Answers has proven to be an extremely useful tool that is helping our reliability group make a difference to our plant's bottom line by improving reliability and reducing risk," said Sergio Nabaes, Maintenance Manager for Profertil. 

Typically, problems associated with collecting data from an EAM system lessen the impact of insights gained into asset performance. The data collection process can take weeks to complete, its analysis requires engineering and IT expertise, and as roles change in an organization, previous queries and analysis could change based on the perspective of new employees. With Asset Answers, industry data with equipment model granularity can be analyzed in hours or even minutes, and the solution can be used effectively by anyone, anywhere.

"Asset Answers is one of the most exciting developments in the age of the Industrial Internet," said Bonz Hart, Meridium CEO. "It provides participants with an affordable solution to the age old manufacturing dilemma related to lack of competitive information about equipment reliability and maintenance effectiveness."

For more information, please visit: www.assetanswers.com.

About Meridium
Meridium was founded in 1993 to help asset-intensive companies improve the health and performance of their assets, and pioneered the vision, software and technology to help them achieve this with the introduction of Asset Performance Management (APM). Today, Meridium serves market-leading companies in seven different languages with over 1,000 licensed sites in more than 70 countries globally. www.meridium.com

SOURCE Meridium Inc.

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