The rise of Industry 4.0 is transforming the way we do business. At its core, Industry 4.0 is focused on automation and data management across manufacturing technologies and processes leveraging artificial intelligence (AI), cyber-physical systems (CPS), the Internet of Things (IoT), and more. Advancements in technologies like AI, machine learning, automation, and the IoT are changing entire business operations, making companies more efficient, agile, and collaborative than ever before. Two such areas that have been tremendously impacted by these developments are enterprise asset management (EAM) and supply chain management.
With all of this transformation happening, it is difficult to know where to turn online for reliable and relevant information. To help, we have compiled top articles and podcasts that discuss the most recent innovations and pressures specific to the areas of supply chain management and EAM, highlighting the latest developments in EAM and supply chain to support the evolution of your business.
By ASUG Research
According to research by ASUG, on average, respondents expect that one to two emerging technologies like AI, machine learning, and IoT will have a significant impact on EAM processes in the next 12 months. On the supply chain side, 55% of customers are currently using or plan to use automation/robotics within their upcoming supply chain processes. Clearly with our rapidly evolving world, companies are shifting towards using technological innovations to keep ahead of changing market demands. To further stay on top of the latest discussions, you may wish to follow and read some of the content shared by the influencers on our EAM and supply chain management influencer list.
Enterprise Asset Management
Transformations within EAM are being ushered in through the rise of Industry 4.0, which will see intelligent machines, cloud-based solutions, and massive connectivity across all industries. According to McKinsey, the value potential of Industry 4.0 will range anywhere from $1.2 trillion to $3.7 trillion by 2025, proving that this new era promises tremendous opportunities. However, as digital transformations become more complex, they bring with them a number of challenges that organizations must face in order to leverage Industry 4.0’s full potential. Read this article to find out more about the challenges and opportunities of these transformations to ensure your company is positioned for success.
By Jan Burian
EAM is undergoing tremendous transformation in this new digital era and this is having a major impact on processes, people, and technology. Holistic and integrated asset management systems are granting organization transparency across production, manufacturing, and maintenance systems, providing the ability to make effective, data-informed decisions in real time. Find out more about the transformation in asset management and how this is impacting manufacturing when you read this insightful article.
By Ralph Rio
Industry 4.0 is radically transforming maintenance management with IoT and analytic solutions. These innovations are improving business processes for initiating, scheduling, and managing maintenance work orders, which can radically enhance KPIs and support key objectives. These include improvements in uptime, asset longevity, cost control, safety, and quality (or yield). In this article, learn more about the promises of improved asset management KPIs with these new innovations and the recommended actions your company can take to tap into the opportunities of Industry 4.0.
By Ed O’Brien
Industrial organizations are expanding beyond their current IT solutions to include operational technology (OT) as well. This expansion, combined with the increased interest for advanced capabilities in areas like AI, machine learning, and predictive analytics is driving the EAM marketplace to evolve to keep up with demands. In this article, you will learn how the drive towards smart EAM solutions is impacting maintenance management to offer real-time visibility into asset conditions, health, and more.
What challenges and opportunities lie in front of the global supply chain as we begin 2020? As discussed by Richard Howells in this article, some of the top factors driving transformation in the supply chain include geopolitical unrest, climate change, rising populations, self-service solutions, and the convergence of new technologies. Read on so you can be prepared for the next 12 months and beyond.
Industry 4.0, which is one of the key themes driving change in nearly all industries, is allowing companies to access valuable data that would be otherwise inaccessible, making them faster, more agile, granular, accurate, and efficient. Supply chain management, more complex than ever before, stands to benefit tremendously from Industry 4.0 transformations. Lower operating costs, more accurate data usage, and improved communication are just some of the potential benefits these technologies bring to the supply chain. Find out more of the benefits and pressures Industry 4.0 brings this area in this compelling read.
Many operations within the supply chain are reacting and not responding to current market changes. To become a proactive organization, companies must embrace the power of technology and data to have a better understanding of how their network is operating and how it is interacting with the ecosystem at large. This article gives you an example of how the adoption of more transparent and accurate data technology has supported the transportation industry in decreasing fuel costs and improving operational efficiencies. For any industry, access to the right data makes your outcomes more measurable, allowing you to build intelligent solutions, a goal all companies should be working towards.
In this podcast conversation, Richard Donaldson speaks with platform expert Geoff Parker about the
rise of networked markets and how they are impacting supply chain digitization. Currently, network effects are having both positive and negative impacts on the supply chain. On the positive side, more external partners are being added to the network, exponentially increasing the ways to create value. However, on the negative side, network effects may produce too many choices for buyers and create an increase in competition for sellers. Learn more in this insightful chat.
Recently, there has been a high level of interest in supply chain business networks. Yet despite all of the hype, many professionals don’t have a clear idea of what supply chain networks are, how they work, and how they reduce layers of complexity for organizations. In this podcast, Tom Raftery speaks with Paige Wei-Cox, senior VP and head of digital supply chain networks development at SAP, on how business networks are affecting the supply chain to support you in evaluating the right solutions for your business.
To learn more about the latest innovations, pressures, and future of EAM and supply chain management, join us at the SAP-Centric EAM & Supply Chain conference on March 16–18 in San Antonio.
Hear insights from leaders innovating their EAM and supply chain systems. Explore how organizations are breaking down their operational silos to create greater efficiencies and optimize the end-user experience. Get inspired by a strong lineup of keynotes, interactive sessions, and networking opportunities. It all adds up to be a can’t-miss event.
Now in its 16th year, the 2020 SAP-Centric EAM & Supply Chain conference is focused on uniting both sides of the business to better understand each other’s needs and create even better outcomes for all. This year’s diverse series of topics will range from making the move to SAP S/4HANA and adopting new technology; to the increased demand for transparency, visibility, and real-time analytics; to strategies for master data management and enjoying reliable reporting.
Don’t miss this opportunity and join us on March 16–18 in San Antonio to connect and collaborate with your supply chain and asset management counterparts on the best strategies to improve the capabilities of your SAP investment and create profitable growth.