In recent years, the digitization of enterprise asset management (EAM) has become a top priority for many organizations. In fact, according to a report by MarketsandMarkets, the EAM market is expected to grow from $US 5.1 billion in 2019 to $8.2 billion by 2024. The growing demand for technologies like edge devices, SaaS-based tools and apps, cloud-based platforms, artificial intelligence and machine learning-based models, and digital twins are just some of the major factors driving the growth of this evolving market.
Professionals tasked with EAM responsibilities are facing tremendous pressure to figure out how to best leverage these technologies to deliver more-informed and effective business results. To help, we reached out to some of the speakers from the upcoming SAP-Centric EAM and Supply Chain Conference to identify the key trends they think we should pay attention to in the EAM space this year. Their answers are summarized below.