Accelerating the
Industrial Internet of Things

Enterprise Asset Management

Enterprise Asset Management
Enterprise Asset Management
Enterprise Asset Management
Enterprise Asset Management
Enterprise Asset Management
Enterprise Asset Management
Enterprise Asset Management
Enterprise Asset Management
Enterprise Asset Management
Enterprise Asset Management
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DESCRIPTION
Asset management systems enable organizations effectively monitor and manage their different types of assets without creating a huge management workload that erodes the bottom line.
IoT enables you to measure asset performance and monitor asset status in order to best manage allocation, maintenance, future investments and other factors. It begins with collecting the metrics you need to measure the performance of your processes. This information must then be smoothly pulling into easily configurable dashboards, in order to ensure you have accurate information when making strategic or operational decisions.

Key Benefits of EAM:
- Increased production uptime
- Extended equipment life and availability
- Efficient procurement processes
- Improved environmental and safety compliance
- Increased labor productivity
- Improved resource utilization

Key Capabilities of EAM:
- An enterprise level solution that accommodates multiple businesses or sites in a single solution
- Ensures labor, material, tools, drawings, subcontractor requirements and safety information can be identified on work orders to support proactive maintenance activities
- Preventive maintenance function helps users proactively manage and plan maintenance
- Helps minimize inventory costs, helps ensure spare part availability and provides extensive analysis capabilities
- Automates requisitions, purchase orders and quotations with contract and invoice matching
- Approval and workflow capabilities reduce administrative workload and provide enhanced flexibility
- The Industrial Rapid Implementation Methodology (InRIM™) ensures a risk-free implementation using field proven best practices

Key vendors: IFS, Infor, SAP
MARKET SIZE
$2.5 trillion Value at Stake (2013-2020, Global, Asset Management)
Source: Cisco

Details: http://www.cisco.com/web/about/ac79/docs/innov/IoE_Economy.pdf
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