Three Key Considerations for Successful Adoption of IoT Enterprise Asset Management

Posted by Carmi Brandis on Jun 14, 2018 5:00:00 AM
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With any enterprise comes an abundance of critical assets: vehicles, production materials, products, machines, tools, appliances, and people—all of which need to be managed properly to avoid costly delays and malfunctions, meet compliance standards, and achieve financial goals. It comes as no surprise that the Global Asset Management market is growing. According to a market outlook published by Stratistics MRC, the Global Enterprise Asset Management is expected to reach $6.83 billion by 2022, growing at a CAGR of 11.1%. It also comes as no surprise that IoT and cloud services are a driving force behind enterprise asset management (EAM) market growth.

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