NOVEMBER 2018CIOAPPLICATIONS.COM6NOVEMBER - 02 - 2018ENTERPRISE ASSET MANAGEMENT SPECIALEditorialEnterprise Asset Management-The Path to Greater VisibilityJoe PhillipManaging Editoreditor@cioapplications.comJoe PhillipEnterprise Asset Management (EAM) has transcended beyond merely being a synonym for traditional inventory tracking in today's world. Appending devices such as RFID tags and sensors have undoubtedly enhanced the efficiency in asset management, but the potential of the discipline extends beyond being a mechanism to know the statuses of enterprise assets. An enterprise-specific, effective EAM strategy, coupled with the adoption of trending technologies like IIoT and AI make for the right recipe that can help in steering a company. It's quintessential for legacy organizations to shun obsolete asset lifecycle management practices and embrace EAM to stay relevant in the current climate of rapid technological evolution. One of the greatest advantages of effective management of assets is reduction of enterprise risks, one of the greatest hurdles in a product development lifecycle. Additionally, implementation of a holistic EAM solution helps enterprise bosses make better decisions regarding enterprise assets. Firms from various domains have started to realize that an enterprise-specific EAM strategy is one of the many smart paths to accomplishing a competitive edge, one of the main reasons behind the unanimous demand for EAM vendors among many enterprises worldwide. Adoption of EAM software has been a recent trend across several offices today and the utilization of asset lifecycle management applications has helped firms enhance profitability significantly. However, the advantages apart, data deluge at an exponential rate is one of the greatest future hurdles of EAM which vendor firms must try resolving by putting their best foot forward. Our editorial board has compiled a list of Top 10 promising EAM solution providers from across the globe garnering immense visibility for etching innovative solutions at competitive prices. We hope the assistance of these myriad solution providers helps in elevating the capabilities of enterprises in pursuit of ideal vendors. Copyright © 2018 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.Volume 03 - 45Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsVisit www.cioapplications.com *Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffManaging EditorJoe PhillipGraphics & ArtDeclan ColeAR RamjithEditorial StaffBen JacksonDaniel HolmesEzra BenjaminJames SmithNaomi DaleShiv ShankerSalesGeorge Thomasgeorge@cioapplications.comEmailsales@cioapplications.comeditor@cioapplications.commarketing@cioapplications.comContact UsPhone: 510.330.5174Fax: 510.894.8405
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