Convergence in the Plant Asset Management (PAM) Market

IoIT is Driving Next Generation of Performance Improvement through Predictive/Prescriptive Insights

  • Research Code : 9AAC-00-24-00-00
  • SKU : IA00031-GL-MR_02182
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  • Release Date : 05-Nov-2015
  • Region : Global
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Plant Asset Management (PAM) technologies are shifting the next generation of performance improvements from the current practices that are focused on preventing asset failure towards practices focused on optimizing asset performance. Industry initiatives, including Industry 4.0, Smart Manufacturing, and applications of Internet of Industrial Things (IoIT) technologies are revolutionizing operations and maintenance, enabling the cost-effective connectivity of a wide variety of asset classes. PAM suppliers should leverage IoIT technologies for increased value from PAM investment.
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