Expanding APM Solutions through Machine Learning, Augmented Reality, and Cloud
Anticipating Innovative Corporate Partnerships for Customized Customer Solutions

Since the start of Manufacturing Innovation 3.0, enterprises have identified asset management as a factor affecting their production capacity. Automation systems, which form the foundation of the Fourth Industrial Revolution, place production responsibility directly on machines and systems rather than people, and this impacts overall productivity. In other words, the core to resolving efficiency and operational cost issues lies in industrial asset management.

Schneider Electric Software Korea, a company specializing in process optimization and automation, is expanding its AMP (Asset Performance Management) solution portfolio in response to market conditions in industrial asset management. The company is securing new and innovative partnerships capable of maximizing customers' return on capital investment and improving profitability, and is expected to continue investments in cloud, machine learning, and augmented reality technologies as required by the market.



The company has established a new partnership with MaxGrip, a global leader in asset performance management, to expand APM consulting and add risk-based maintenance capabilities. Recently, it has also developed a 'Digital Services Factory' with global consulting firm Accenture to rapidly build and scale new predictive maintenance, asset monitoring, and energy optimization products.

Additionally, Schneider Electric Software is currently expanding its expertise through a partnership with IPS Company Group, a specialist in asset performance management solutions for power systems, and provides management services for millions of assets across grid infrastructure. Based on this combination of APM software portfolios, the company is positioned to address the increasingly growing demands of transmission and distribution facilities.

Kim Custeau, Head of APM Business at Schneider Electric Software, stated, "Defining and implementing asset performance strategies is a critical component in protecting business continuity while enhancing productivity," and added, "Schneider Electric has provided industry-leading proven asset performance solutions for nearly 30 years and continues to invest in long-term strategies for innovation."