Increase Efficiency In Asset Lifecycle Management With Maximo Application Suite's New AI-Powered Features
IBM News, Tuesday, June 25th, 2024
It can be a daunting task to manage and maintain a complex system of assets for daily operational success. Organizations must constantly consolidate information from various sources and address issues in real time while also focusing on how to best innovate.
The cost of unplanned downtime is increasing, skills shortages are hurting productivity, and sustainability initiatives increasingly pose a challenge to traditional maintenance practices.
To address these challenges, companies must use technology that can provide intelligent and comprehensive asset management while also embedding sustainable practices. The positive results of this combination are tangible-an IBM Institute for Business Value study found that organizations that embed sustainability are 52% more likely to outperform their peers on profitability.