IBM and Black & Veatch announced a collaboration to jointly market Asset Performance Management (APM) solutions, including remote monitoring technologies that combine near real-time data analytics with artificial intelligence to help customers keep equipment and assets running at peak performance and reliability. The companies are collaborating on solutions combining Black & Veatch Asset Management Services (AMS) and digital analytics with IBM Maximo Application Suite. These solutions are designed to help organizations support more resilient operations for industrial, energy and utilities assets. Black & Veatch operates four monitoring and diagnostics centers and has vast experience with near real-time, detection and analysis of emerging problems by running thousands of models and scenarios to predict changes in asset performance. IBM Maximo Application Suite's Assist, Monitor, Health, Predict and Visual Inspection capabilities aim to integrate Black & Veatch monitoring and diagnostics expertise and data analytics with maintenance management to bring them into the field where the insights can be applied. Faced with aging equipment, tightening budgets, increased regulation and rapidly changing market dynamics, operators and engineers require increased visibility into their equipment performance and asset conditions. Remote monitoring technology can help organizations understand their assets better by providing a near real-time view of operations. Once data is collected, it can enable both predictive and conditions-based maintenance, where problems are proactively corrected before they escalate into system breakdown, in an effort to limit downtime and maximize productivity. As assets and facilities continue to evolve and the volume of data they generate grows, knowing how to effectively manage and use this information is a major challenge for many organizations. As a result, the dashboards used for monitoring data can be overwhelming and have so many alerts that important ones may be ignored. AI and machine learning can help bridge that gap and reduce this "alarm fatigue" by sorting through the thousands of incoming datapoints, so organizations can prioritize alerts and decisively plan their actions. This collaboration combines IBM's software, artificial intelligence and machine learning expertise with Black & Veatch's engineering expertise to offer solutions that can help reduce thousands of incoming data points to a handful of actionable escalations by making predictions and then screening and diagnosing alerts. With more than 20 years of experience in near real-time data analytics, Black & Veatch provides a deep understanding of how facilities and systems operate, and its expertise and models are used to train IBM's AI to help detect anomalies and support monitoring at scale. Black and Veatch is part of IBM's partner ecosystem helping unlock the value of Industry 4.0 by accelerating the adoption of open hybrid cloud and artificial intelligence for clients in essential industries such as manufacturing, energy, retail, and smart cities. IBM's partner ecosystem is designed to fuel hybrid cloud environments by helping clients manage and modernize workloads from the mainframe to the edge and everything in between with Red Hat OpenShift, a leading enterprise Kubernetes platform.