Ventyx, an ABB company, is teaming with Chicago-based InStep Software, a provider of asset predictive monitoring software to bring advanced industrial equipment diagnostics to Ventyx’s Asset Performance Management solution for the power, mining and oil & gas industries.
InStep’s PRiSM software uses advance pattern recognition to provide a quantitative comparison between current and historical asset operational behavior for the early identification of equipment health and potential performance problems.
Combining InStep’s asset predictive monitoring software with Ventyx’s Asset Performance Management solution creates a comprehensive platform to reduce unscheduled downtime, prevent equipment failures, lower maintenance costs, increase asset use, extend equipment life and identify under-performing assets.
Ventyx will resell InStep’s PRiSM software as part of its Asset Performance Management solution, which includes Asset Health Center and Equipment Reliability. The joint solution is available now through the Ventyx Innovation Partner program.