Internet of Things (IoT)

by   |    |   3 minutes  |  in Asset Intensive, Business Technology, Creativity & Innovation, Digital Transformation, Manufacturing, Research, Service Management, Supply Chain

According to a primary research study of 200 IoT decision makers with industrial companies, about 85 percent of them collect data from sensors on their equipment or equipment they install at customer sites. Industrial companies may be further along with the Internet of Things (IoT) than most other companies because they have, since the 1970s,…

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offshore maintenance

by   |    |   1 minute  |  in Asset Intensive, Business Technology, Oil & Gas, Strategy

What is it really about? Getting on the bandwagon or actually optimizing operational performance? Asset performance management (APM) has become a popular buzzword for anything that helps asset-intensive organizations to get the most value out of their costly equipment investments. To enable an APM strategy, you really need to understand your underlying cost structures and…

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by   |    |   3 minutes  |  in Applications 9, Asset Intensive, Business Technology, Creativity & Innovation, Strategy

An enterprise asset solution will always be a constituent part of an APM strategy— the key is ensuring it sits at the heart of that vision, not in some peripheral position. According to Gartner, “APM encompasses the capabilities of data capture, integration, visualization and analytics tied together for the explicit purpose of improving the reliability…

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