Enterprise Asset Management Market To Reach USD 20.6 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
Fort Collins, Colorado, April 29, 2024 (GLOBE NEWSWIRE) -- The rise in technological deployment drives the enterprise asset management industry. The swift advancement of technology, particularly in areas such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning, has brought about a transformative shift in the landscape of enterprise asset management (EAM). The integration of these cutting-edge technologies enables functionalities like real-time monitoring, predictive maintenance, and data-driven decision-making, consequently bolstering the overall performance of assets. Moreover, organizations are increasingly cognizant of the potential cost-saving benefits offered by EAM solutions. By implementing robust asset management systems, businesses can optimize maintenance schedules, minimize downtime, and prolong the lifespan of their assets, resulting in significant cost reductions and a favorable return on investment (ROI). Additionally, stringent reg
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