Underperforming assets can have many far-reaching negative impacts on the overall health of a company. Asset downtime can lead to product disruption and lower customer satisfaction. Scanty preventive maintenance can raise the cost of keeping assets running at pinnacle efficiency and lead to more investments in new equipment that could have been avoided. Improper asset management can drag companies into violations of regulations and compliance requirements. Recognizing the importance of enhancing asset performance reduce not only costs but also improve a company's business growth. This challenge of adequate asset management drives the popularity of Enterprise Asset Management (EAM). In recent years more companies are choosing EAM solutions to address critical business challenges. But the real value of this tool depends on how it is used. EAM are being instrumental in allowing workers across numerous departments to maintain control of assets throughout the entirety of their lifecycles. The many areas its focus spans include the management of digital, physical, and fixed assets.
The connected nature of everything is transforming how asset-intensive industries work. IoT lets the assets talk, providing streaming data and real-time visibility to assets, with an eye toward predictive analytics and predictive maintenance. Industrial IoT is a hot topic in asset management. As said earlier companies implement EAM solutions to improve efficiency, productivity, and operational performance, but choosing the right solution vendor is no easy task. There is a multitude of EAM vendors available out there, claiming to have the solution for a company's exact requirements. Every business approaches maintenance differently and the maintenance strategy of a particular company will continue to evolve. If a company is looking for a provider to maximize asset performance, control maintenance costs, and enhance operational efficiency, it is critical to select a provider that delivers all the functionality the organization requires. Work orders, preventive maintenance, event tracking, inventory, requisitions, scheduling, security, and analytics are some of the critical features necessary.
Our editorial board has compiled a list of promising Enterprise Asset Management Consulting/Services Companies from across the globe for this edition of our magazine. These organizations have garnered visibility among decision makers of several renowned firms for their ability to offer assistance in driving enterprise specific EAM strategies. The unique value propositions of these emerging players could best suit the requirements of entrepreneurs in pursuit of ideal EAM solution vendors. We present to you CIO Applications’, "“Top 10 Companies Providing Enterprise Asset Management Consulting/Services 2018".