AI and Enterprise Asset Management : Artificial Intelligence will transform Enterprise Asset Management (EAM).

Improved asset management

EAM, in particular, is an area where AI is set to have a significant impact. In recent years, EAM software have proven a popular way of managing and maintaining physical ‘things’ such as buildings, plants, machinery, and vehicles. Such platforms are increasingly deployed by organizations in sectors such as chemicals, food, and logistics to improve reliability, streamline operations, and help ensure the highest levels of health and safety. More specifically, EAM can provide a comprehensive overview of the productivity and costs of assets and enable the optimization of uptime through ideally coordinated maintenance management.

But technology is moving fast. Now, integrating AI into EAM platforms could radically enhance capabilities, resulting in higher employee productivity and further maximizing asset performance, with all relevant data protection in place. By leveraging AI, future EAM toolsets will be more intuitive, accessible and predictive, therefore driving unprecedented efficiency and effectiveness in asset management practices. That is the exciting potential, for sure, but getting there means some obstacles still need to be overcome.

So, what is the AI-inspired future of EAM?

Let us start by taking a step back and acknowledging that AI is only a means to an end. EAM users don’t want to deploy AI for the sake of it—they want it to solve their business problems and make their lives easier. They also want complete control over its implementation and outcomes. AI is not a panacea; it is merely a toolset that can potentially deliver tremendous business advantages.

Curious what benefits? And how IFS Ultimo plans to apply AI in the software? Then read the entire article on our website: https://www.ultimo.com/blog/ai-for-everyone/

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