Momenta invests in Shoreline IoT
Asset-intensive industries, such as manufacturing and energy, are plagued by unpredictable operating performance, lost production, and escalating costs. APM solutions unlock machine data and use analytics to improve the reliability and performance of these capital assets. When successfully deployed, they can help improve a company's bottom line by providing actionable knowledge to stabilize production performance, reduce operating costs and assure optimal return on their assets.
APM Solutions are already a multi-billion-dollar market, with the high-end market focused on monitoring the most valuable industrial machines already instrumented and connected. However, there is a significant opportunity at the opposite end of the market.
Most industrial machines are un-monitored or only monitored via manual inspection. They are sometimes referred to as 'dark assets' because their conditions are relatively invisible most of the time. The lack of real-time visibility for these dark assets can lead to reliability and maintenance issues, and ultimately to higher expenses and ESG compliance issues for asset operators. Dark assets remain unmonitored because it's hard to make monitoring them simple, easy, painless, and useful. Shoreline IoT solves that with an easy-to-install, fully integrated APM solution available as a service.
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