How Enterprise Asset Management Systems is Driving Innovation across Industries
Research on the Enterprise Asset Management (EAM) market by ARC Advisory Group notes that as EAM systems become increasingly interconnected and intelligent, their role as a critical hub for enterprise asset data which can be shared with adjacent systems is growing. EAM is instrumental for companies having large assets on their books and the overall business profitability depends on the output that can be extracted from the assets. Customer interest in leveraging Enterprise Asset Management to get better insights into asset performance management, asset lifecycle management and reliability-centred maintenance is driving innovation across various industries.
The report also incorporated the key market trends currently, and they include:
SaaS and Cloud Adoption
Interest in Software-as-a-Service Solutions
Interest in Mobile Solutions
Industrial IoT Enhances EAM Capabilities
Awareness of Advanced EAM Systems
Adoption of Asset Management Standards
Source: https://www.ramco.com/blog/erp..../how-enterprise-asse
