All organisations strive for reliable, uninterrupted operations. Asset-intensive companies have a special challenge when it comes to keeping systems running. The failure of a mission-critical component such as a pump, a generator or turbine engine can have devastating impact on operations and production. Hours of down-time can be a reality when this failed asset requires identification, trouble-shooting, repair or replacement. The losses may just be a headache – or they can be catastrophic.
To minimise the risk of these events occurring, organisations incur high costs for manual, labour-intensive audits, inspections and rounds, and clock-based maintenance and replacement schedules that may not even be necessary. Furthermore, the data collected during these activities serve only as a snapshot of a point in time and very rarely is it shared in a timely manner with OEM’s, service agents, users and other asset stakeholders.
In our last blog post, we discussed how asset intelligence technology and item-level unique identification can improve visibility and traceability in an effort to combat counterfeiting in global supply chains. This week, in a related topic, we want to explore a lesser-known side of counterfeiting that requires an even more comprehensive, data driven approach. Continue reading “Tracing the origins – the importance of asset history” »
Despite continuing market uncertainties, sales of enterprise asset management software applications are being driven by demand for enterprise-wide asset performance visibility says technology research company, TechNavio
Enterprise-wide visibility means more than just knowing what and where items are at certain points in time. Rather it means having deep, accurate and real-world insights into relationships, processes and trends that enable enterprises to make the kind of decisions that will shift their operations from reactive to predictive, even automated. However, with so much data dispersed across different systems, where does the journey start for business leaders needing visibility of their ‘things’ right across the enterprise? Continue reading “Global EAM apps market to grow 6.45% per annum 2011-2015” »