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Enterprise Asset Management (EAM)

Enterprise asset management is a software that offers ways to manage the overall assets of an enterprise across various departments, branches, and units. It aims to provide the decision makers to get better control and optimize their actions for better efficiency and quality in service. Enterprises can improve their capital asset management to ensure increased reliability, better predictive maintenance, enhance regulatory compliances and support sustenance with reduced energy usage. It is an improved version of the maintenance scheduling software that has been in use in earlier days.

Some of the benefits that enterprises get with Enterprise Asset Management include: EAM allows automated operations for maintenance, upgrades, patches or replacements. EAM reduces the total cost of ownership (TOC) and enhances the lifecycle of the applications and assets of an organization. It maximizes the return on assets(ROA) while reducing costs and security issues. Another benefit from the EAM is of offering high flexibility to close down on and minimize the industry challenges and allow an enterprise to effectively manage their assets and get a competitive edge.

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