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More Options for Managing Assets

By Jill Feblowitz

Asset intensive industries like utilities and upstream oil & gas are constantly on guard to keep their assets up and running. Reliability and safety are top considerations. This has led companies in these industries to examine how to predict potential asset failure and take pre-emptive actions to prevent accidents. One approach is to get better about hand off from engineering and design phases to operations. Another approach is to get better about monitoring the condition of assets to inform a repair or replace strategy. Bentley Systems, with its focus on design and engineering software, just announced that it is acquiring Canadian-based Ivara, a provider of software to manage equipment reliability and performance. Now the utilities and upstream oil & gas will have more options for managing assets.

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