Table of Contents
Convergence in the Plant Asset Management (PAM) Market : IoIT is Driving Next Generation of Performance Improvement through Predictive/Prescriptive Insights
Plant Asset Management Market: Key Findings, Global, 2015
Plant Asset Management (PAM) technologies are shifting the next generation of performance improvements from the current practices that are focused on preventing asset failure towards practices focused on predictive asset maintenance strategies for optimum asset performance.
Internet of Industrial Things (IoIT) technologies are revolutionizing operations and maintenance processes, enabling the coverage of a wide variety of asset classes in remote locations that was previously not possible for predictive strategies.
Asset management suppliers are looking to provide comprehensive and integrated PAM solutions by strengthening their product portfolios through effective mergers and acquisitions and partnership strategies.
Key emerging trends include 1) performance-based asset analytics services and 2) product portfolio expansion to include comprehensive asset management solutions from the plant to the enterprise levels.
Hurdles in change management, high initial investment, and difficulty in justifying returns on investment (ROI) are amongst the major challenges in adopting advanced PAM technologies.
Get Industry Insights. Simply.
Talk to Ahmad
+1 718 618 4302
Use this report to: - Understand the underlying operating system and the way it shapes the global mobile applications market. - Learn about the various software development kits offered by manufacturers ...
“Increasing BYOD trend is driving the growth” MarketsandMarkets estimates the global mobile Business Intelligence (BI) market to grow from USD 4.08 billion in 2016 to USD 11.13 billion by 2021, at ...
“Factors such as increasing subscriber demand for Long-Term Evolution (LTE) & Voice over LTE (VoLTE), movement of telcos towards Network Function Virtualization (NFV), and need to reduce Operational ...