Challenges facing asset-intensive organizations
Many companies struggle to get the most value out of their assets over their lifetime. This is especially true for organizations in resource-intensive industries, like energy and utilities, oil and gas, manufacturing, or transportation. Unfortunately, further complicating the situation, technology infrastructures running assets are often incredibly complex. They tend to operate applications and data in silos which limits how effective cross-organizational operations and efficiencies can be.
The reliability of the asset or equipment impacts asset performance and the quality of an organization’s products and services. As a result, the increased need for asset maintenance and management can directly impact customer satisfaction.
Despite the challenges your organization faces, such as global commoditization, increased competition, and compliance with industry and government regulations, your organization’s products and services must constantly evolve to meet changing customer demands. Your organization must also be able to address other challenges, like green and sustainable operations, health and safety in the workplace, and higher costs of doing business.
Streamline your operations by transformational asset management with IBM Maximo Application Suite and Upgrade Framework
A recent survey of asset managers worldwide showed that more than 75% of respondents thought that system reliability was the most important reason to invest in enterprise asset management (EAM).
Businesses using Enterprise Asset Management (EAM) see –
- 28.3% increase in the productivity of maintenance
- 20.1% reduction in equipment downtime
- 17.8% decrease in inventory maintenance and repair
IBM Maximo Application Suite (MAS) is a cloud-enabled, next-generation Intelligent Asset management solution designed to monitor, manage, and maintain assets in a single platform and streamline your operations. The suite enhances the user experience with shared data, workflow, AI-infused solutions, and flexible application usage.
The Maximo application suite offers key capabilities that include:
- An integrated suite of applications
- Simplified licensing, including single contract and pricing metric
- Hybrid-cloud deployment
- A comprehensive view of your assets
IBM Maximo enterprise asset management software gives users the ability to make more informed decisions about asset management by taking IoT data and coupling it with cognitive insights that are driven by AI.
You can better manage your asset operations and business processes by integrating them with your existing applications.
With physical infrastructure asset management capabilities, you can improve decision-making around all aspects of asset management. This delivers ongoing value for your organization by providing insights that help you get the most out of your assets.
Ultimately, it helps asset-intensive organizations improve operational availability, extend asset lifecycles and optimize performance.
IBM Maximo captures decades of development work in partnership with the world’s largest, most demanding customers who are leaders in complex industries, creating a range of industry-specific solutions for asset-intensive enterprises.
IBM Maximo® is an industry-leading technology that offers best-practice solutions and extensions to address an organization’s unique needs. It reduces risk and costs, and provides unmatched visibility and control across the enterprise. With IBM Maximo®, industrial leaders can manage assets, schedules, resources, processes, inventories, and expenses from a single solution.
Results created for clients across multiple industries.
Here’s how Wipro, in collaboration with IBM Maximo Upgrade Framework, has created business value for clients –
- Comprehensive frameworks that enable informed innovation
- Proven cloud assessment and migration methodology to assure successful upgrades on time and within budget
- Solution adaptation to cloud frameworks and seamless integration with existing landscapes
- Tools and accelerators that improve project delivery speed by 30%
- Test accelerator that enables risk-based testing
- Certified consultants with decades of experience
- Program risk mitigation through the iterative methodology and business readiness dashboard
Wipro FullStride Cloud Services combines industry-leading business solutions with a high-touch, business outcome-based approach to help “Utilities” maximize the truly transformative potential of the cloud. Unlocking its business value as a critical platform to propel growth and define new revenue streams.
Wipro’s Maximo upgrade framework meets all such requirements and provides a tailored solution for every business situation while leveraging the benefits of cloud migration. With the use of tools and accelerators, there is a potentially reduced project timeline and effort savings for these solutions.
From our experience helping utilities upgrade their Maximo systems, we recognize that every utility has specific needs, and one solution only suits some requirements. Wipro’s Maximo upgrade framework meets all such requirements and provides a tailored solution for every business situation while leveraging the benefits of cloud migration. With the use of tools and accelerators, there is a potentially reduced project timeline and effort savings for these solutions.
The gist of the matter
The ability to adapt to change and improve operations is essential for any business. Asset management, driven by cognitive insights from IoT data, can have a significant impact on a company’s success.
By having this framework in place, you can streamline production and service systems at each site. In turn, your business will have more control over the complex asset environments necessary to see a return on investment.