10 Most Promising Enterprise Asset Management Consulting/Services Companies - 2019
The modern economic environment constantly poses various operational challenges for organizations worldwide. With increasingly distributed operations across multiple countries, enterprises are finding it onerous to keep track of all their assets and ensure that these assets are aligned with the corporate objectives. Effective enterprise asset management (EAM) not only helps verify the conformity of assets with a company’s business goals but also offers timely maintenance of assets and reduces machine downtime. EAM optimizes the utilization and productivity of organizations’ resources and in turn, increases the return on assets (ROA).
As the EAM landscape continues to evolve by adopting modern technologies, integration of AI and drone-based asset management is one of the growth areas for EAM players. EAM service providers employ AI to improve data handling, collection, and analysis for mid-level management to gain visibility into their assets and make better decisions. Furthermore, drone services enable companies to solicit information from places that are out of human reach, thus solving various EAM problems especially for oil, shipping, rail, and airline industries. Incorporating IoT into EAM solutions has also been a key trend, enabling workers across different locations to input the inspection data directly into a mobile application, and in turn, keeping the asset managers updated in real time.
With a myriad of EAM service providers in the market, companies must opt for the ones that best fit their requirements and assist with the implementation of advanced technologies in the EAM space. Our distinguished panel comprising key decision makers and experts along with CIOReview’s editorial board has shortlisted some of the most promising EAM consulting/service providers.
We present to you CIOReview’s 10 Most Promising Enterprise Asset Management Consulting/ Services Companies 2019.