Hexagon Introduces Revolutionary Solution to Optimize Asset Management Strategies

HUNTSVILLE, Ala. – Hexagon, the global leader in digital reality solutions, combining sensor, software and autonomous technologies, today announced the availability of HxGN APM, a comprehensive solution for asset-intensive organizations seeking to identify and mitigate asset risk, optimize maintenance spend and minimize downtime. This robust application optimizes asset strategies, detects emerging failure risks in real time and drives proactive risk mitigation that directly enhance return on capital employed.

In April 2024, Hexagon expanded its portfolio by acquiring Itus Digital, an asset performance management (APM) solution provider based in Roanoke, Virginia. Now operating as part of Hexagon’s Asset Lifecycle Intelligence division, the acquisition brings to Hexagon more than 250 years of asset performance management industry experience enabled through the innovative HxGN APM technologies. The solution’s distinct approach leverages a modern architecture, best practice work processes and advanced analytics enabled by an extensive, embedded strategy library.

HxGN APM offers an advanced analytical and optimization engine to solutions like HxGN EAM, HxGN SDx and j5. This operationalizes asset strategies that carefully strike a balance between performance, cost and risk, which aligns with Hexagon’s commitment to driving sustainable, data-driven transformations in asset-intensive industries.

Hexagon’s solution empowers customers by driving a pragmatic approach to identifying potential threats, mitigating risks and extending asset lifecycles. HxGN APM delivers these key benefits to clients:

• Optimizes asset value by aiding customers in balancing performance, cost and risk through the operationalization of asset strategies
• Enables proactive work processes to continually analyze asset failure risk and drives maintenance, inspections and monitoring activities based on actual condition and health
• Ensures rapid failure detection and prevention by using the embedded Asset Twin Library, offering pre-set asset strategies and analytics for predicting potential failures before they happen

HxGN HxGN APM stands unique from its competitors thanks to its modern and intuitive application processes, easy integration with existing systems and scalability to align with an organization’s functional needs. Whether monitoring 25 assets or 1 million, Hexagon’s infrastructure effortlessly scales to meet requirements.

“The addition of HxGN APM to Hexagon’s portfolio provides enhanced analytical insights across the asset lifecycle, enabling organizations to maximize the delivery capability of their industrial assets at an optimal cost and risk profile,” said Joe Nichols, vice president, Portfolio Strategy for APM, Hexagon’s Asset Lifecycle Intelligence division.

Go to Hexagon Engineering website