April 2023
Special Focus: Maintenance and Reliability
How companies can take advantage of APM solutions to reduce planned maintenance
According to Löfsten, “the costs of maintenance are estimated to be between 15% and 40% of production costs.” Consequently, efforts to reduce such costs without compromising risk to equipment, personnel safety and environmental integrity are welcomed.
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The Author
Brooks, M. - AspenTech, San Francisco, California
Mike Brooks is Global Director, APM Solutions at AspenTech. Previously, he was the Chief Operating Officer at Mtell, which pioneered machine-learning for managing the health of industrial equipment. He has also served as a venture executive with Chevron Technology Ventures and held senior roles at five startups. Brooks began his career as an engineer at Esso and Chevron.
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