Across almost every asset-intensive industry—from oil and gas, to manufacturing, to transportation—organizations are challenged with how to get the most value from assets across their entire lifecycle. In fact, in a recent survey of asset managers worldwide, more than 75 percent of respondents named system reliability as the fundamental reason to invest in enterprise asset management.
The reality is that today’s asset-intensive organizations must constantly track, assess and manage the reliability of an extraordinarily wide range of physical, technology and human assets. They must manage both inventory and production; repair machinery; hire and schedule employees; deploy and manage IT infrastructure; maintain physical plants; and manage linear infrastructure or rolling assets. To further complicate matters, technology infrastructures are tremendously complex, typically running applications and data in silos that can limit the effectiveness of cross-organizational operations and efficiencies.
