APRIL 2016CIOAPPLICATIONS.COM6EAM: A ForethoughtIn the wake of reduced budgets, federal regulations, security breaches and natural disasters as predicaments, organizations are gearing up to maximize the uptime of their assets and infrastructure. The Enterprise Asset Management (EAM) market today is driven by this critical necessity of organizations to support sustainability of assets. A holistic view and knowledge about the condition and performance of the assets is the basic requisite to predict and manage its reliability. Today, the convergence of technologies is bringing in ease of management of various assets across the enterprise.Encapsulating a plethora of features, vendors are modifying their EAM solutions, taking into account the complete asset lifecycle management--from maintenance scheduling, risk management, warranty, adherence to compliance regulations, reduced energy usage and support to sustainability initiatives. From the earlier adaptations of the computerized maintenance management systems, EAM applications are transitioning to impact the entire enterprise--with a single database that integrates all corporate functions such as finance, purchase, and human resources among others. A centralized asset management solution, with discipline-specific applications, helps to reduce capital and operating expenditure.This evolution of EAM is powered by disruptive innovations in communications, material science, and wearable technologies, in conjunction with mobile, cloud and robotics. Today, the asset-intensive businesses are at an advantage by their ability to manage and service equipments located even in remote field locations. With real-time tracking and visibility of various assets made possible, technology components like big data and analytics, enable optimized usage of resources, predictive maintenance of assets and charting of plans to bring in cost-effectiveness and pinpoint process failures. In this edition, we have featured a host of vendors who offer comprehensive EAM solutions that incorporate innovative technologies, to derive the best out of the existing infrastructure and assets by continually monitoring and efficiently managing the entire asset lifecycle. This edition also features articles that will lend you distinct ideas and meaningful insights to maximize return on assets.Let us know your thoughts.Copyright © 2016 ValleyMedia Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.APRIL 28 - 2016 APRIL 28 - 2016, volume 01 - 05 Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsVisit www.cioapplications.com Enterprise Asset Management SpecialEditorialManaging Editor: Dianna ParkerVisualizer: Manjith Fernandez Stephen ThomasEditorial Staff: Aaron Pierce Carlos Mathew Joe Phillip Kathy Arnold Samden Sherpa Vivian MurraySales: Philip Paul philip@cioapplications.com 510-996-5123Mailing Address: ValleyMedia, Inc. 44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538 T:510 230 0396, F:510-894-8405Dianna ParkerManaging Editordianna@cioapplications.com
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