IBM Watson IoT for Asset Management helps you make smarter decisions about your assets by combining the world-class power of IBM Maximo software with IoT data and cognitive computing
The Internet of Things (IoT) is fundamentally changing the way that organizations create value, compete and partner with other entities. By developing new opportunities for insight, relevance and competitive edge, IoT is transforming the way that consumers experience the world. Organizations are using IoT to boost operational performance, enhance customer experience, lead industry transformation, advance environmental sustainability and scale institutional expertise.
Across almost every asset-intensive industry (such as oil and gas, manufacturing or transportation), organizations are challenged with how to maximize the value of assets throughout their lifecycle. In fact, in a recent survey of asset managers worldwide, more than 75 percent of respondents cited system reliability as the fundamental reason to invest in enterprise asset management.
Today’s asset-intensive organizations must constantly track, assess and manage the reliability of a wide range of physical, technological and human assets. These organizations must manage both inventory and production. They repair machinery, hire and schedule employees, deploy and manage IT infrastructure, maintain physical plants, and manage linear infrastructure or rolling assets. To further complicate matters, technology infrastructures are tremendously complex, typically running applications and data in silos that can limit the effectiveness of cross-organizational operations and efficiencies.