Top 10 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.

Top Enterprise Asset Management Consulting Companies

With the combined expertise of Asset Management Advocates’ founders—Norm Poynter and Steve Sinkoff and their team members—AMA is committed to advocating for the building of the strengths and competencies of an organization’s core teams to empower results-driven asset management decisions. AMA provides a view into the asset management environment that is not one-solution focused, but a galvanized approach from which many solutions, standards and processes might be brought to light, discussed and finally integrated into a holistic system. AMA’s approach is to be an organization’s advocate that guides enterprise teams toward making better decisions that yield better business outcomes

Cartrack is a service-centric organization and leading global provider of fleet management, telematics, and security services with a mission of generating intelligent and actionable data for fleet operators in real time. The company’s proprietary technology is designed and manufactured in-house and offered exclusively to Cartrack subscribers. It has faced some of the world’s most challenging environments and has thus earned a reputation of consistently delivering best-in-class fleet and workforce management and customer service solutions with unprecedented quality and financial satisfaction to more than 800,000 subscribers. Having launched in South Africa in 2004, Cartrack has since then established itself within 24 additional countries across Africa, Europe, Southeast Asia, and New Zealand

Fulcrum Technologies is the leading provider of asset lifecycle management (ALM) solutions for communication service providers in the U.S. The company’s CATS software gives companies the ability to track their widely dispersed assets with mobile devices in real time and synchronizes that information across their back-office systems for faster and better-informed decision making. CATS enhances operational efficiencies, regulatory compliance, and profitability by improving capital equipment utilization, optimizing spares allocation, and streamlining return and repair processes. For 20 years, Fulcrum Technologies’ sole focus has been to help telecom carriers maximize their investment in network equipment and infrastructure

Leading enterprise asset management solution that keeps most critical assets and resources of an organization operating at maximum efficiency. Positioned highest for its “ability to execute and furthest for completeness of vision” by Gartner Magic Quadrant (MQ) for Enterprise Asset Management, IBM Maximo is becoming the industry’s best bet. IBM extends to procurement and materials management, service management, work and contract management besides managing all types of assets owned by an enterprise

Help hospitals maintain and protect their assets with Enterprise Asset Management Solutions

SEAMS provides decision support software and analytics services which help balance risk and cost, optimize asset performance, and satisfy the forward planning needs of asset-centric organizations in various sectors. SEAMS’ unique software product is tailored to meet specific industry requirements. SEAMS helps clients build a proven decision framework to balance investments, risks, and resources through its Enterprise Decision Analytics (EDA) software. EDA combines the power of predictive and prescriptive analytics, modeling, and optimization. By using a single platform (EDA), organizations can manage the end-to-end asset investment planning process

ABS Group

ABS Group

Provide a range of technical services to support the safety and reliability of high-performance assets and operations

MaxGrip

MaxGrip

It delivers APM consultancy services. Its experts connect people, processes and IT/OT systems. The results of our pragmatic and hands-on approach are increased asset availability and reliability, higher efficiency and productivity, and significant cost reductions

NexGen Technologies, Inc.

NexGen Technologies, Inc.

Provides high-quality, cost-effective business and technological solutions to our government and commercial customers worldwide

PinnacleART

PinnacleART

It empowers facilities to make value-based decisions on how to manage risk, resulting in safe and profitable operations