ABB has launched next-generation asset performance management (APM) solution, Asset Health Center 3.0.

This latest software based solution enables asset-intensive industries to improve efficiencies and optimize costs by combining ABB’s APM offering with the Microsoft Azure cloud platform.

ABB’s industry-leading Asset Health Center uses predictive and prescriptive analytics, as well as customized models incorporating decades of industry expertise, to identify and prioritize emerging maintenance needs based on probability of failure and asset criticality.

Asset Health Center is a key component of ABB’s lifecycle management approach to deliver a holistic solution for managing the complete asset lifecycle. Now available in the form of a Software as a Service (SaaS) solution, Asset Health Center 3.0 enables simpler and faster implementation in the Azure cloud platform, improved visualization and analytics, as well as easier integration of predictive models using Cortana Intelligence.

“Our latest generation Asset Health Center combines the domain expertise embedded in ABB’s software based technologies with the global scale of Microsoft’s Azure cloud platform to deliver a powerful solution to help utilities gain new insights and drive faster decision-making to seize new growth opportunities” said Massimo Danieli, Managing Director of ABB’s Grid Automation business unit, a part of the company’s Power Grids division. ”It is another illustration of how ABB is supporting the energy revolution as a partner of choice in enabling a stronger, smarter and greener grid.”

Asset Health Center 3.0 is an example of how ABB’s Ability™ range of digital solutions connect customers to the power of the Industrial Internet of Things, turning data insights into direct action that to generate customer value in the physical world. It is also a key component of ABB’s digital substation concept where it collects condition data to optimize performance and improve the substation’s efficiency and cost effectiveness – reducing transformer and breaker downtime by up to 50 percent.

“This new release of Asset Health Center represents another successful collaboration in our long-standing alliance with ABB. Working together, ABB and Microsoft continue to empower digital industrial transformation by surfacing data-driven business insights in industries like transportation, power, water, and gas utilities” said Caglyan Arkan, general manager, Manufacturing & Resources, Microsoft Corp.