Top 10 Enterprise Asset Management Consulting/Services Companies - 2020
The reduction of procurement and maintenance expenses has been a top priority for the majority of the organizations. To achieve this feat, organizations are adopting enterprise asset management (EAM) solution. With EAM, industries can better plan, optimize, execute and track operation activities with the associated labor, inventory, materials, tools, and information. EAM is also important for maintaining regulatory compliance as keeping track of maintenance records is essential for safety. EAM solutions allow tracking of completed and assigned tasks and records of maintenance history on an asset or location, which makes it easier for organizations to provide authorities with needed documentation for compliance.
There has been a growing inclination of enterprises toward cloud-based EAM solutions, to streamline work and manage facilities. Cloud computing enables enterprises to lessen their overhead cost by reducing their investments in IT infrastructure. Mobility will continue to be a priority for asset-intensive organizations in 2020. Organizations are drowning in data and will shift direction to focus heavily on solutions that can handle a library of data or information needed to track, analyze, and improve overall business processes and productivity. In recent years, EAM solution providers have begun to include manufacturers and service providers who can access a shared asset registry over a cloud-based network to standardize asset definitions and minimize manual data entry.
At this juncture, there is a wide variety of solutions providers entering the industry with a set of advanced EAM solutions. To help companies navigate through the best-of-breed EAM solution providers, CIO Review has compiled a list of ’10 Most Promising Enterprise Asset Management Solution Providers– 2020.’ The enlisted organizations deliver tools that help determine and improve asset performance. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you CIO Review’s, “10 Most Promising Enterprise Asset Management Solution Providers– 2020.”