International Business Machines (IBM), is a global technology company that provides hardware, software, cloud-based services and cognitive computing.
Founded in 1911 following the merger of four companies in New York State by Charles Ranlett Flint, it was originally called Computing-Tabulating-Recording Company. It would be renamed to IBM in 1924.
IBM has been focused on continuous innovation for more than a century. Patenting is an important barometer of that innovation, and IBM has topped the annual list of U.S. patent recipients for the 20th consecutive year.
IBM is a leading cloud platform and cognitive solutions company. Restlessly reinventing since 1911, we are the largest technology and consulting employer in the world, with more than 350,000 employees serving clients in 170 countries. With Watson, the AI platform for business, powered by data, we are building industry-based solutions to real-world problems. For more than seven decades, IBM Research has defined the future of information technology with more than 3,000 researchers in 12 labs located across six continents.
The aim is to optimize the quality and utilization of assets throughout their lifecycle, increase productive uptime and reduce operational costs. Enterprise asset management involves work management, asset maintenance, planning and scheduling, supply chain management and environmental, health and safety (EHS) initiatives.
In the Internet of Things (IoT) era — with everything from valves to vehicles connected by sensors and systems — practitioners are incorporating advanced analytics and artificial intelligence (AI) into EAM. Data gathered from instrumented assets is analyzed using AI techniques. The resulting insights help maintenance teams make better decisions, enhance efficiency, perform preventive maintenance and maximize investments in their physical assets.
Gain visibility into transactions and inventory
Operating models must evolve along with the assets themselves, and that’s why enterprise asset management (EAM) is crucial. EAM is the combination of software, systems and services used to maintain and control operational assets and equipment. It is broader and more comprehensive than a computerized maintenance management system (CMMS). EAM solutions are designed to optimize the quality and utilization of assets throughout their lifecycle, increase productive uptime and reduce operational costs.
Maximize asset utilization
Support real-time data collection from IoT devices and use diagnostic and analysis tools to optimize the availability, reliability and usable life of your assets.
Gain greater control of complex environments
Advanced analytics and AI deliver greater insights into your asset health so you can learn the best actions to take and when to take them to optimize asset performance, reduce costs and avoid downtime.
Monitor assets smarter
Remotely monitor critical assets and operations with AI-powered monitoring at enterprise scale. Aggregate operating state and IT data with process parameters across repositories to provide enterprise-wide visibility into performance and receive fewer, more accurate alerts and greater insights.
Streamline and unify operations across silos
A single integrated platform provides teams a comprehensive view of assets across the enterprise to unify operations and maintain business continuity, even under rapidly changing or disruptive conditions.
Manage aging assets and infrastructure
Extend equipment lifecycles by optimizing your maintenance strategy. Embed risk management into business processes and improve return on investment.
Optimize your maintenance, repair and operations (MRO) inventory levels to ensure inventory is available when needed. Reduce unplanned asset downtime, cut costs and free up working capital. Our services help you make informed decisions.
Elevate maintenance management
Enhance equipment maintenance practices with IoT and AI. Use tracking and traceability to meet increasingly complex health, safety and environmental requirements.
Consolidate operational applications
Establish a single technology system to manage virtually all asset types. Unify and standardize processes for wide-ranging asset functions across your entire enterprise.
Optimize industrial production processes by using insights from IoT and AI to identify potential production losses and drive higher throughput and yield. IBM consultants can show you how to improve operational efficiency and effectiveness.
IDC analyst report positions IBM as a worldwide leader for SaaS and cloud-enabled asset-intensive enterprise asset management (EAM).