What is EAM short for and how do you define EAM?
Enterprise Asset Management refers to the management of an enterprise’s assets across different facilities, departments, business units and geographical areas throughout
An EAM system is used to plan, control, optimize and execute the needed maintenance activities of the assets with the respective priorities, materials, tools, skills and available information. It includes design, commissioning, operations, maintenance
Who needs Enterprise Asset Management (EAM)?
Regardless of what kind of equipment or assets a business owns – at some
Why EAM Software is key in 2018
With the progress of Industrial Internet of Things (IIoT) and industry 4.0 a fully integrated EAM system is vital for asset-heavy enterprises and can minimize risks and optimize business values significantly. Nowadays vast amounts of data can be used for the analysis of an assets life cycle and predictive maintenance. In practice it can look like this:
Data from machine-connected sensors are automatically collected and analyzed. Using machine learning and predictive analytics, it is possible to automatically predict when an asset’s condition becomes critical and automatically create condition-based work orders before the asset becomes deficient and downtimes occur. The EAM software can provide information about which tools or replacement parts are required while scheduling a free maintenance technician to carry out the replacement.
Through software access on various devices – such as maintenance workstations, tablets, and smartphones – the maintenance planner can track and monitor their work order as it is being carried out. An EAM software that can be used on any device from anywhere is an important part of the digitalization process and is essential for providing oversight and transparency of the assets life cycle and the connected maintenance operations.