Top-performing firms are driven by their need for operational efficiency.
This phenomenon is perfectly illustrated by the simultaneous need for cost reduction in production and, at the same time, the need to drive revenue growth. To top it off, mass-produced, individually configured products must be delivered in an environment, rife with last minute order changes, where time-to-market is at a premium. Driven by the need to execute flawlessly and improve operational efficiency, Best-in-Class firms are turning to enterprise asset management solutions.
By definition, flawless execution requires outstanding asset health (reliability, availability, serviceability) and real-time visibility into factors that influence asset performance. An EAM solution is key to meeting this goal, and is arguably the best means to utilize the Internet of Things (IoT), as well as advanced analytical and cognitive technologies to improve asset health and keep the whole plant healthy.
Download this brief to find out more.