Top Enterprise Asset Management Companies

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 variety of DMS providers available in the market that cater to the different needs of organizations and enterprises. To help them choose the DMS that best fits their requirement, CIOReview has compiled a list of the 10 most promising DMS providers. The enlisted DMS providers are the frontrunners in the market that provide a wide span of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.

CIOReview’s, “Top Enterprise Asset Management Companies




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