- In April 2025, GE Vernova released an upgraded version of its Asset Performance Management (APM) suite, now featuring integrated digital twin capabilities to improve predictive analytics and simulation accuracy for power generation assets. This enhancement enables operators to create real-time virtual models of physical assets, allowing for more precise forecasting, proactive maintenance, and optimized performance. The update supports better decision-making by combining AI-driven insights with historical and live data, helping energy providers reduce downtime and extend asset life. It marks a significant step in GE Vernova’s commitment to smart energy infrastructure and digital transformation
- In March 2025, Siemens partnered with Amazon Web Services (AWS) to enhance its MindSphere Asset Performance Management (APM) platform by integrating cloud-native AI models. This collaboration aims to deliver real-time diagnostics, predictive maintenance, and failure forecasting across diverse industrial sectors. By leveraging AWS’s scalable infrastructure and Siemens’ industrial expertise, the upgraded MindSphere platform enables smarter asset monitoring, reduced downtime, and improved operational efficiency. The partnership also supports Siemens’ broader vision for the Industrial Metaverse, combining AI, digital twins, and immersive engineering to transform industrial workflows and sustainability outcomes
- In October 2024, IBM Corporation acquired Prescinto, an Indian SaaS platform specializing in AI-powered asset performance management (APM) for renewable energy. The acquisition enhances IBM’s Maximo Application Suite (MAS) by integrating Prescinto’s advanced capabilities in monitoring, analytics, and automation for solar, wind, and energy storage assets. This move strengthens IBM’s position in the energy and utility sector, supporting clients’ sustainability goals and net-zero initiatives. With Prescinto’s tools, users can track performance in real time, identify inefficiencies, and optimize asset output—streamlining operations and boosting ROI across global renewable portfolios
- In September 2024, Bentley Systems acquired Cesium, a leading provider of 3D geospatial technology, to strengthen its iTwin Platform for digital twin solutions. This strategic move integrates Cesium’s open-source tools and 3D Tiles standard, enabling seamless alignment of geospatial data with engineering, IoT, and reality data. The enhanced platform empowers infrastructure professionals to visualize and manage assets with millimeter-level precision, from vast networks to individual components. The acquisition reflects Bentley’s commitment to open standards, interoperability, and data-centric workflows, driving smarter decision-making across the architecture, engineering, and construction sectors
- In May 2024, GE Vernova launched its AI-powered Autonomous Inspection software, a cloud-based computer vision solution designed to automate traditionally manual asset inspections across industries. By integrating with GE Vernova’s Asset Performance Management (APM) suite, the software leverages AI and machine learning algorithms to streamline inspection workflows, reduce safety risks, and enhance operational efficiency. It enables faster defect detection, remote monitoring, and improved asset uptime—particularly valuable for dispersed assets such as solar and wind farms. This innovation supports the energy sector’s digital transformation and contributes to cost-effective, data-driven performance management
