Consider this: Businesses spend approximately $50 billion every year in unplanned maintenance Up to 30% of all manufacturing deaths are related to a maintenance activity. Because of unplanned downtime, factories lose 5% and 20% of their productive capacity. The one solution that could potentially solve all these problems is...
Due to the complexity of Enterprise Asset Management (EAM), data quality challenges are inherent in its practice. Such prevalence, however, prevents the asset managers from reflecting upon the substantive state of organizational productivity, performance, and prospective growth. For instance, some organizations' assets are not accurately defined,...
Already a hot topic in corporate boardrooms and faced with accelerating demand due to events like the COVID-19 pandemic, organizations are quickly taking their digital ambitions into reality. In 2021, Gartner estimates that USD 4 Trillion will be spent on IT initiatives worldwide as more...
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