Managing and maintaining physical assets of an organization is one of the most crucial tasks. The enterprises and organizations are in constant need of a reliable and robust solution to carry out such tasks. The enterprise asset management solutions are gaining greater popularity for this purpose. They enable efficient planning optimization, tracking, and execution of the maintenance activities throughout the lifecycle of the asset. Enterprise asset management software applications allow the organizations to manage organizational assets, schedule preventive maintenance, and other such activities.
Next-generation Enterprise Asset Management Solution
With the transforming demand in the market, the enterprise asset management solutions providers are compelled to upgrade their existing solutions to enable them in becoming an ideal match for the changing enterprise landscape. Furthermore, companies are bringing innovations in their product portfolio to gain a competitive advantage over other enterprise asset management market competitors.
For instance, a leading enterprise asset management vendor and provider of industry-specific cloud applications, Infor, Inc., released an updated version of the Infor Enterprise Asset Management Solution that increases efficiency and extends asset-life. The new version of the enterprise asset management solution includes features such as additional server integration, in-depth support for General Data Protection Regulation (GDPR) compliance, expanded industry-specific functionality, and others.
New Investments to Endorse Cutting-edge Solutions
New investments are also supporting the development of enterprise asset management for developing next-generation systems. With the increasing requirements for enhanced enterprise asset management, Pragma, a physical asset management and engineering firm, attained an investment aimed at supporting the development of a next-generation enterprise asset management system. The capabilities would enable them to provide improved asset support and performance, particularly in the food sector. Moreover, Pragma would use this solution to foster improved reliability enhancement and maintenance management globally.
Boosting Enterprise Asset Management Capabilities
Enterprises are becoming more aware of the needs for utilizing enterprise asset management. The New York Metropolitan Transportation Authority (MTA) being amongst one those, opted for a well-designed next-generation enterprise asset management solution provided by DXC Technology, an end-to-end IT services company. With this enterprise asset management solution, MTA would be able to support its digital transformation venture and transform its enterprise asset management capabilities. The multi-year collaboration between the two entities would witness the deployment of DXC Technology’s enterprise asset management to assist in planning, optimizing, and tracking the maintenance activities of the MTA assets and infrastructure.
A team of expert analysts at Future Market Insights has compiled a well-scrutinized report on the enterprise asset management market that traces the key elements of the market while providing the necessary information regarding the promising enterprise asset management market segments. The lucrative regions showcasing the future potential for enterprise asset management business are included in the report along with the key developments in the enterprise asset management market and the major growth strategies carried out by leading market competitors.
Want to know more about the opportunities in the market with the help of an insightful data presented in the research study? Click here.