Digital transformation has been disrupting job functions and industries steadily for the last few years. For the maintenance and asset management space, this means connecting every aspect of the business with IoT products providing an explosion of data and analytics in its wake. How are asset-intensive companies addressing this shift? What critical areas of focus are they investing in and where do they see opportunities for success?
The convergence of operational technology with information technology has been a hot topic for several years at SAP-Centric EAM, and as software companies like SAP move from industrial Internet of Things (IIoT) concepts to actual IIoT products and services, this creates real opportunities for asset management strategy growth, particularly around predictive maintenance.
I talked with Ralph Rio, Vice President of Research at ARC Advisory Group, about his advice for launching a predictive maintenance program. Ralph’s 40+ years’ experience with manufacturing and industrial applications at companies like General Electric, Digital Equipment Corp., Motorola, and Texas Instruments inform his research in the areas of Enterprise Asset Management (EAM) and Field Service Management (FSM), continuous improvement programs, and his work with Global Service Providers.