Impact of Advanced Asset Performance Management on Workforce

This technical report by ARC Advisory Group examines the implications of advanced Asset Performance Management (APM) technologies on the industrial workforce. The report details findings from a survey conducted with over 500 industry practitioners, focusing on the adoption and impact of predictive maintenance (PdM) and the Industrial Internet of Things (IIoT). It outlines the growing expectations from APM initiatives, highlighting that while organizations aim to improve maintenance practices, reduce safety incidents, and enhance employee satisfaction, many report that their expectations are not fully met, particularly regarding employee satisfaction and retention. The report also discusses the challenges of scaling PdM programs and the timeline for realizing benefits, indicating that most participants see returns on investment within six months to a year. Additionally, it emphasizes the need for organizations to align APM programs with employee needs to mitigate high turnover rates and associated costs.