Why Enterprise Asset Management?

Enterprise asset management (EAM) is a strategy to provide an optimal approach for the management of an organization’s physical assets to maximize value. It covers items such as the design, construction, commissioning, operations, maintenance and decommissioning/replacement of equipment and facilities.  By managing assets across the facility, organizations can improve utilization and performance, reduce capital cost, reduce asset-related operating cost, extend asset life and subsequently improve return on assets (ROA).

When you get a group of a data-minded people together – we talk about, well… data. We can’t help but live and breathe it, because it’s everywhere. As consumers of data, we have all come to expect organizations to use it to enhance our experiences with them or to improve their own efficiency and processes. Unfortunately, due to our heightened sense of awareness, it’s painfully obvious when that data is wrong, out-of-date or just plain bad.

This week, Utopia headed to Huntington Beach, CA for SAP-Centric EAM. Here is a few of the most talked-about topics of the week: