Top Asset Technology Trends to Watch in 2020

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.

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Filed under: Industry News

Why You Should Listen to the Voice of Your Enterprise Assets

Randy Bradley speaking into a microphone on stage

The disciplines of enterprise asset management (EAM) and supply chain management may sometimes feel like the “unloved” portion of an organization. In fact, ASUG found in a 2018 research study we conducted that only 1 company in 4 believes it has a very efficient or somewhat efficient supply chain. And in another study from 2019, we learned that only 22% of companies self-identified as supply chain industry leaders.Continue reading

Filed under: Industry News

Union Pacific Says Goodbye to Clipboards in Its Mobile Warehouses

Union Pacific operates the second-largest railway system in the U.S., managing tracks across nearly half of the states in the union through remote and rugged states like Utah, Nevada, and Idaho. Key to keeping the trains moving is this elegant solution: mobile warehouses roughly the size of a semitrailer that can follow the heavy machines it uses to repair its track infrastructure.

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What Drove Puget Sound Energy to Transform Its Warehouses

An upcoming regulatory change and meter replacement project were just two of the reasons why Puget Sound Energy began exploring new SAP products to add to its landscape.

The provider of electric and gas services across the Pacific Northwest had SAP ERP systems in place since 1998. But its warehouses were still using paper-based processes that its employees had been following for more than 20 years. The company’s technology team recognized this approach would no longer align with the current or future needs of the business. That included being able to batch manage materials that were regulated by the Pipeline and Hazardous Materials Safety Administration (PHMSA), for example.

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Filed under: Industry News

Callaway Tees up SAP S/4HANA to Manage Its Supply Chain

Like most consumer enterprises, global sporting goods company Callaway Golf wanted to provide an omnichannel experience for its customers. This became even more important when its business and product lines expanded through several acquisitions.

Callaway Golf had run the same central ERP instance for more than 20 years. When the business ventured from designing and manufacturing golf-related products to include retailing lifestyle-related merchandise in more than 70 countries, it became evident that its existing ERP system needed an upgrade.

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Preventing Disasters With a Digital Twin

In 2010, the largest marine oil spill in the history of the petroleum industry took place when a wellhead blowout caused a massive explosion, resulting in the deaths of 11 people and the discharge of 4.9 million barrels of oil into the Gulf of Mexico.

Today, this type of crisis can be averted. By leveraging the power of digital twin technology, an enterprise can remotely monitor and analyze the condition of its assets in real time and help prevent the next catastrophic disaster.

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Filed under: Industry News, IOTTagged with: ,

Asset Management & Supply Chain Experts Share Stories on Change & Innovation

The 2018 SAP-Centric EAM conference hosted the event’s largest crowd in four years with nearly 600 asset management and supply chain professionals. Attendees represented numerous industries across North America and beyond with the common goal of gaining innovative strategies for managing their assets in today’s complex business landscape.

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Should Businesses Be Scared To Meet Their Digital Twin?

I Googled myself recently. While this may sound like an illicit activity, I assure you it’s perfectly legal – in most of the world, at least.

As it turns out, there are 33 people named Richard Howells currently living in the United States. But that’s not all I discovered. I found that with a little digging, I could access an alarming amount of information about myself – all widely available in the public record.

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SAP-Centric Webcast Series

When it comes to implementing new technology or leveraging your existing model, managing organizational change and expectations is often the most complex challenge every organization is faced with. Your technology is only as good as the users behind it, so how do you engage and motivate your employees to drive adoption and sustainability? Hear how these organizations conquered complex technology and process changes by leveraging their most important resource: their people.

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Filed under: Conference News, Industry News, Speakers News, WebcastTagged with: , ,
 
 

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