| | JUNE 20196CIOReviewStudies have revealed that a majority of companies underperform in areas such as reliability, throughput, and availability, and hence, management teams need to keep an eye on maintenance and overall equipment performance. An effective enterprise asset management (EAM) strategy can help managers achieve an increased return on investment (ROI), stay ahead of the competition, and maintain a stable and predictable operating environment. In today's competitive world, an organization can truly differentiate itself from others by installing a boardroom-to-shopfloor EAM strategy that can pilot not only the daily operations but also provide an action plan for the near future.Most companies monitor their operations by consolidating and correlating data from disconnected systems to evaluate performance and verify whether the assets are aligned with their business objectives. On the other hand, integrated EAM systems connect all enterprise assets, including field devices and mechanical equipment, and in turn, allow for seamless data collection from all levels for efficient monitoring. Irrespective of the department or discipline, data is analyzed in real time, which gives managers a holistic view of all their assets and assists them in making informed business decisions. This also empowers managers and key stakeholders to pinpoint potential preventive maintenance based on real-time asset condition, improve performance, and significantly save costs. An integrated asset management strategy assures maximum return on assets (ROA). It enables organizations to call upon multiple data sources at any time to create a holistic view of all the assets along with categorizing and prioritizing information based on asset type, location, description, and more. Key decision makers can thus effectively address immediate issues as well as those likely to occur in the foreseeable future. To help companies embrace connectivity of assets and improve operations and ROA, we are featuring a list of promising EAM consulting/service providers.Do let us know your thoughts.EditorialIntegrated EAM for Optimized ReturnsCopyright © 2019 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.CIOReviewEditorial StaffSalesAaron PierceCarolynn WaltersDane StanleyAnkit SinghEric Thomaseric@cioreview.comVisualizersIssac GeorgeBrian HardingManaging EditorJustin Smith*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJustin SmithManaging Editoreditor@cioreview.comContact Us:Phone:510.722.8394Fax:510-894-8405Email:sales@cioreview.comeditor@cioreview.com marketing@cioreview.comJUNE - 13 - 2019, Vol 08 - Issue 35 Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReview
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