Yes, this is a new area IFS has been working with couple of IFS Cloud releases now , covering Asset Monitoring , Anomaly Detections ,Asset Health & Insights. Few more phases to walk through  to complete the full journey including forecasting, failure predictions etc.etc. 

I suggest to refer,  IFS News Presentations & Academy Materials to start with.

Hope this would help.

@Mayura Wasantha When is the news etc. for 23R1 available? I'm thinking that we have added quite a lot to the APM story with this release.

Thanx Mathias and Mayura - I’ll read the 23R1 news when released...