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3 EAM Challenges that IBM Solutions Tackle
The changing approach towards managing assets in a business organization necessitates comprehensive and meaningful solutions from leading technology providers like IBM.
FREMONT, CA: The imprint of changes is clearly visible across industries and operational business ecosystems. Digitalization has brought fundamental shifts in the way organizations are run, and assets are handled. A range of solutions provided by IBM has been helping companies come to terms with modern enterprise asset management challenges. Using the advanced and comprehensive suites, IBM's clients have been successfully transforming business ecosystems and enhancing the asset life cycles. Below is a list of EAM challenges that companies can fix with IBM offerings.
• Maintaining Connected Devices with Ease
IBM Maximo is the product behind the company's comprehensive EAM solution. It constitutes Artificial Intelligene(AI) and analytics-enabled programs that add a significant edge to any business's asset management capabilities. With the backing of IoT, companies are able to handle numerous connected devices with ease. This aids in diagnostics, analytics, and maintenance of assets, resulting in lower costs and enhanced lifecycles for critical assets. The Computerized Maintenance Management System (CMMS) allows companies to monitor and locate assets, thus creating opportunities for automation of asset management workflows.
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• Overcoming Inventory Management Hurdles
The MRO Inventory Optimization and Support Services under IBM's Maximo enables companies to do better maintenance and repair of assets. The solution aims to make maintenance predictive and prescriptive rather than reactive. Thus, companies that have an extensive dependence on assets can undertake better steps towards optimizing the health of assets and ensure glitch-free operations at minimum costs. Analyzing asset inventories enhances efficiency directly.
• Ruling Out Downtime Woes
Reduction of risks to equipment and lowering of maintenance-related costs are crucial in asset management. Using IBM's Asset Health Insights, Predictive Maintenance Insights, and Equipment Maintenance Assistant, enterprises can reduce asset downtime and optimize operational efficiency. From planning the optimization of each individual asset to predicting failure, IBM’s EAM offerings are highly relevant to develop and implement asset management strategies.
Technology from IBM is helping enterprises fulfill asset management goals and improve asset health in the long run.