Asset Management Blogs
Industrial Equipment Maintenance: A Guide to Extending Asset Lifespan
Introduction Industrial equipment is a significant capital investment. In addition to paying for the initial costs of equipment, there can be additional costs associated with insurance, licensing, repair, replacement, and maintenance (both planned and unplanned). Because costs quickly add up, regular maintenance is essential for budgeting, equipment longevity, and operational efficiency. Beyond cost efficiency, industrial…
Read MoreCMMS vs EAM: Which Asset Management Solution is Right for Your Business?
Introduction In today’s competitive marketplace, effective asset management isn’t merely beneficial—it’s essential. Unplanned downtime, compliance violations, and inefficient maintenance practices can quickly become costly burdens. Maintenance managers, facility managers, sustainability officers, operations directors, and environmental compliance professionals increasingly turn to advanced software tools to ensure smooth operations and regulatory compliance. Two of the most popular…
Read MoreDigital Twins in Asset Management: What You Need to Know
Introduction Alt text: Digital Twins in Asset Management: What You Need to Know – Green check mark inside a hexagon with circuit-like connections, representing digital integration. While traditional asset management strategies often rely on periodic inspections, routine data collection, and reactive maintenance, digital twins enable a more proactive, predictive, and holistic approach. These virtual replicas…
Read MoreBest Practices for Integrating CMMS with IoT Devices
Introduction Imagine knowing exactly when your equipment needs attention before it fails. By pairing the data-driven reliability of CMMS with real-time information from Internet of Things (IoT) devices, you get a clear picture of how your assets are performing at any moment. Let’s learn more about how IoT Integration works and outline the practical steps…
Read MoreAsset Management for Town Municipalities
Introduction Municipal asset management might not get all the headlines, but without it, every village, town, and city in the world would be worse off. From the water flowing through underground pipes to the traffic lights helping rush hour traffic, every piece of infrastructure and equipment needs to be carefully managed to keep communities running…
Read MoreWhat Is Manufacturing Asset Management and Why Does It Matter?
Introduction Managing the entire lifecycle of assets – from planning and acquisition to maintenance management and divestment – requires much more than just visual inspections and paper-based processes. An effective manufacturing asset management system becomes an essential tool when organizations must oversee multiple assets, such as heavy equipment, components, tools, and facilities. In this article,…
Read MoreThe Importance of EAM for Hotel and Hospitality Businesses
Introduction The hotel and hospitality industry largely runs on two principles: maintaining high-quality service to maintain customer satisfaction and the ability to keep costs down. The way to go about achieving this is through the proper management of assets (and staff) within a hotel. The value of Enterprise Asset Management (EAM) is on full display…
Read MoreWhy Healthcare Companies Need EAM Software
Introduction The healthcare industry is one of the largest industries in the world, projected to generate a massive $4.41 trillion in 2025. [1] However, since it deals with patients, the stakes are extremely high, which makes it all the more important to better manage assets and records. It may sound like a very difficult task,…
Read MoreThe Power of IoT in Asset Tracking and Management
Introduction IoT asset tracking isn’t just another buzzword. It’s a powerful way to monitor your assets in real time, and it’s transforming how companies manage, track, and optimize their resources. The best part? This technology isn’t tied to a single industry. From logistics to healthcare, businesses across the board are reaping the benefits. In this…
Read MoreHow Fleet Management Analytics Can Transform Your Operations
Introduction Fleet owners are always on the hunt for smarter ways to run their operations. And it makes sense. Managing vehicles, drivers, regulations, and all the costs that come with them is a huge investment. So, making calculated decisions isn’t just smart, it’s necessary to keep expenses in check. One proven way to do that?…
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