NOVEMBER 2017CIOAPPLICATIONS.COM6NOVEMBER - 2 - 2017EAMSPECIALCopyright © 2017 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.Volume 02 - 24Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsVisit www.cioapplications.com Managing EditorJoe PhillipGraphics & ArtJohn ConnorDeclan ColeJohn GouthamAssistant Managing EditorAkanksha MinzSenior WritersRoyce D'SouzaJustin SmithRachel ClarkShoumik GhoshEditorial StaffBen JacksonDaniel HolmesEzra BenjaminJames SmithMensholong LepchaNaomi DaleSalesMarvin Paulmarvin@cioapplications.comT: 510-330-5174Mailing Address:ValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T: 510.330.5172EditorialSophisticated Approach of Asset ManagementAs businesses continue to undergo rapid digital transformation, managers and operators are becoming advanced custodian of their assets. This has created a space in the Enterprise Asset Management (EAM) environment to leverage emerging technologies and inject innovative approaches to gain a holistic view of the company's assets across departments, facilities, and business units in different geographical locations. The new technologies can help businesses to control and pro-actively optimize operations leading to increased efficiency and productivity. This makes it vital for asset managers to be aware of the technologies that are revolutionizing the EAM market. Top in the list are mobility, cloud, Internet of Things (IoT), and Predictive analytics. Mobile technology is improving the communication, field access to computing functionality and documents, and accurate data recording--saving both time and resources. Capabilities like mobile barcode readers, including handheld scanners and wireless data connectivity are becoming integral elements of the EAM solutions. Likewise, cloud is becoming the most favored delivery model across the enterprise, which also includes asset management. Cloud is completely altering the prototype of deploying software application on premise--be it for reducing the cost of hardware, IT resources, and the endless needs for updating the application. While choosing an EAM solution, scalability and flexibility are top most critical elements to look out for in the products because helps them keep up with the market's ever-changing technologies. In this regard, IoT is providing the maximum utility for asset management. It enhances the possibility of machine interaction with human intervention, while making the maintenance procedure much more streamlined. Implementation of IoT enables organizations to make better decisions by expediting the identification of repair and replacement opportunities and process control modifications. Combining predictive asset analytics with IoT proactively addresses potential safety risks and compliance issues by collating and examining data from multiple sources. Incorporating these smart entrants in their solutions, vendors are tremendously reinvigorating the EAM space, curtailing the silos across the project and service life cycle management. However, to reach these bottom line benefits a strategic approach needs to be implemented while adopting the trending technologies. On that note, we present you a special edition on EAM technology that lists most promising EAM solution providers and insights from thought leaders. We hope this edition is a helpful in shaping your journey towards the enhancement of asset performance. Let us know your thoughts. Joe PhillipManaging Editoreditor@cioapplications.comJoe Phillip*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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