Verdantix identifies 3 key growth drivers in the EAM space
Organizations are making the digital shift from complex legacy systems that have little integration to cloud-based solutions. The investment in SaaS solutions is an easy one because it’s an investment in efficiency and profitability.
In their Green Quadrant®: Enterprise Asset Management Software report, global research firm Verdantix identifies three key factors driving this expansion of modern enterprise asset management (EAM) solutions.
Strategic digital transformation
Over the past two years, the manufacturing industry has undergone a massive digital changeover. This shift in organizational strategy has opened up a new front of global ambition for establishing a better, more sustainable future.
What does this mean for modern organizations?
Sustainability means an investment in forward-thinking technology. Enter enterprise management software.
Digitalization has already held court with manufacturing and other heavy industries, and those fields have seen dramatic improvements in workforce efficiency and morale. Case in point, EAM software helps companies monitor millions of business transactions, workflows, and maintenance tasks, which makes it possible to track potential supply chain issues and quickly address them.
Cost optimization
Organizations are pushing to improve front-end operations while making it easier to manage tedious back-end tasks. But how can management teams enhance operational efficacy yet avoid a possible financial burden?
EAM solutions aim to reduce these costs while modernizing workflow operations and asset management. With growing concerns over rising maintenance budgets, EAM solutions are gaining traction as a means to overhaul their operations and reduce costs.
Logging downtime is a crucial part of ensuring assets run smoothly. Management teams don’t want to forfeit productivity or risk losing or damaging assets; so it makes sense that businesses would support a smart strategy to monitor the health of their investments with a capable EAM solution.
Ongoing maintenance initiatives
A breakdown in any asset could stop production for days or weeks, which results in unforeseen costs and strain on employee morale and customer retention.
Effective asset management systems support lean workflow by ensuring employees have the tools and equipment they need to be productive. By enabling real-time tracking of assets, a centralized repository for asset information, and rapid response to alerts and issues, an asset management system can minimize maintenance costs and reduce time spent on corrective action.
Brightly’s EAM software works with you and for you
We knew this change was fast approaching, so we built our brand and products to support it.
Modern global infrastructure is rapidly expanding, and it's easy to fall behind on an important upgrade or two. Organizations need real-time data from their assets to stay competitive, on budget and online. Sustainable systems are becoming an even more essential part of how our world operates on a macro scale.
When it comes to intelligent asset management, we're not at the beginning of a new chapter; instead, we’re writing a whole new book. Brightly embodies the pride and excitement of intelligent asset management and the directional nature of our shared vision and values.
Get the full picture of how your brand’s vision and values can align with asset management strategy; download the Verdantix report today.
