It helps service and operations professionals make targeted decisions that are specific to their area of expertise. CMMS helps resource-intensive industries focus on improving asset health.
EAM covers the entire lifecycle of assets, from capital investment planning, procurement, installation, performance, maintenance, compliance, risk management, and asset retirement. Users of the system are departments responsible for maintenance and operation, as well as financial, production, regulatory departments and other interested parties. With such a broad capability base, decision-making extends beyond the maintenance and operations teams to include top management and senior staff. The EAM system helps resource-intensive industries manage assets throughout their life cycle.
Examples of EAM solutions in selected sectors
Oil and gas industry. International oil and gas companies must manage assets at refineries and other plants and production sites located in various parts of the world - from densely populated urban areas to extremely remote places. Oil and gas companies use EAM processes that combine sensor data, IoT technologies, edge computing and advanced analytics to acquire, install and manage assets.
Railway companies. With technological development, the railway industry is moving from legacy systems to digital EAMs. A dedicated analytics platform for asset data management, analysis, visualization and decision making enables rail operators to manage asset lifecycle to improve mechanical efficiency, availability and reduce maintenance costs.
Energy and housing and communal services. Power companies own both fixed and line assets and must ensure the safety of employees and equipment while serving the public. Assets are located in various factories, power plants, and hard-to-reach and remote outdoor locations. EAM supports a maintenance model focused on asset reliability, enabling you to leverage the power of benchmarking, continuous documentation and data management, and improve collaboration to ensure planned and operational asset performance.
Industrial equipment and components. The competition in the manufacturing industry is growing along with an increase in the number of companies working with the same customer base. EAM enables these companies to bring products to market faster, improve operational efficiency, provide better customer service, and potentially become part of the as-a-service economy.
Medium size companies. The foundations for the success of a medium-sized company are reliability and flexibility. EAM helps these organizations scale quickly, improve maintenance efficiency, optimize equipment utilization, and increase spare parts turnover while reducing field labor costs and overall inventory.
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