| | February 20176CIOReviewA definitive shift toward cloud services and the emergence of the Internet of Things are driving the growth of the Enterprise Asset Management (EAM) market. CIOs intending to improve uptime, control costs, and ensure asset longevity and safety are implementing EAM solutions that impact not only their revenue and profitability, but also risk management. As the average age of assets continues to increase, emphasizing the need for improved asset management to operate as designed, cloud EAM systems have become the key to achieving the operational goals.Further, the focus on maximizing the performance of an organization's existing assets--rather than buying new assets--calls for sophistication in asset management. Achieving the expected lifespan of the assets is no longer the only agenda; getting the most out of existing ones is gaining importance. In conjunction with this, technology advancements that allow asset managers to carefully monitor their assets in real time and improve decision making, while managing capacity and maximizing efficiency are also adding to the sophistication of asset management.However, factors like high costs associated with designing and implementing EAM solutions, lack of strategic planning post installation, and shortage of skilled personnel to manage the EAM process are hampering the overall market growth. Keeping up with the industry changes and challenges, a number of EAM solution providers are emphasizing on introducing cloud-based EAM solutions to cater to the growing demand across various verticals. These providers are also integrating predictive analytics and ERP with their EAM offerings to shift the focus from reactive to proactive monitoring.As asset management becomes a key discipline for enterprises, CIOReview brings to you a special edition on EAM, featuring insights from industry thought leaders and solutions from innovative EAM companies. We hope this EAM edition is a valuable companion in your journey toward escalating the performance of assets.Let us know your thoughts.Jeevan George Managing Editoreditor@cioreview.comEditorialSmarter Asset ManagementCopyright © 2017 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewFEBRUARY - 28 - 2017Mailing AddressCIOReview44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.402.1463, F:510-894-8405 FEBRUARY - 28 - 2017, Vol 06 SE 21 Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewEditorial StaffSalesT: 510-565-7560Aaron PierceAva GarciaFrank NoelJoshua Parker Sarah FernandesShiv Shanker Samuel Josephsamuel@cioreview.comVisualizersStephen ThomasJohn GouthamManaging EditorJeevan GeorgeEAM SPECIAL
< Page 5 | Page 7 >