Data is key to intelligent asset management
4 min read - Planning for business disruptions is the new business as usual. To get ahead in a rapidly shifting environment, industrial businesses are leaning more on integrating operational technology (OT) with IT data, which allows them to move from time-based to predictive…
To comply with GASB 87, government organizations need a better lease management solution
4 min read - Over the past few years, the corporate world has worked through achieving compliance with lease accounting standards for real estate and assets. Adherence to ASC 842 and internationally, with IFRS 16, has been a challenging journey for many. Now it’s…
Turn sustainability ambition into action
5 min read - For nearly 20 years, IBM has surveyed thousands of CEOs about their biggest challenges. In the latest survey, sustainability ranked at the top, a 5-spot jump from 2021. Nearly 60% of CEOs told us they see significant demand from investors…
Six reasons you need an intelligent asset management strategy now
3 min read - There is an explosion of data surrounding asset management processes. This data is invaluable, but it can only be used if it can be properly analyzed. Today more than two-thirds of data goes unused due to the complexity of integrating…
What asset-intensive industries can gain using Enterprise Asset Management
3 min read - Not that long ago, asset-intensive organizations took a strictly “pen and paper” approach to maintenance checks and inspections of physical assets. Inspectors walked along an automobile assembly line, manually taking notes in an equipment maintenance log. Teams of engineers performed…
Industry 4.0 and the pursuit of resiliency
5 min read - Downtime can cost a manufacturer upwards of USD 21,000 per minute. Fortunately, AI has evolved to accurately identify issues and take action. This advanced technology allows companies to easily add intelligent “eyes” to their operations with standard mobile devices —…
Harnessing the power of data and AI to operationalize sustainability
3 min read - Companies are under mounting pressure from regulators, investors, and consumers to progress toward more sustainable and socially responsible business operations — and to demonstrate these measures in a robust and verifiable way. In fact, corporate responsibility and environmental sustainability risks…
An O&G conversation: drilling into the boom and bust world of oil and gas
6 min read - The oil and gas (O&G) industry has a history of boom and bust, and 2020 was no different. With a dramatic decrease in demand brought on by COVID-induced shutdowns, the industry began laying off employees and consolidating. While challenges are…
Scalable, mobile and sustainable: the three imperatives for modern asset management
3 min read - Today’s asset-intensive operations face challenges from every angle: customer demands, relentless competitors, an aging workforce, supply chain disruptions, regulatory compliance and sustainability requirements. Yet with every challenge comes opportunity. We recently collaborated with guests from IDC, Samsung, Aquitas, Omnio…