Asset Performance Management 4.0 (APM 4.0) brings with it the promise of proactive asset performance management enabled by predictive alerts and prescriptive analytics. This can lower costs, reduce unplanned downtime, and optimised labour usage and equipment performance. Through Predictive and Prescriptive Analytics, companies will be able to implement asset strategies to avoid unplanned downtime for their most critical assets—while also deciding which preventative or corrective asset strategy is the best course of action to take for their less vital equipment.