AUSTIN, Texas, Jan. 15, 2014 /PRNewswire/ -- Clockwork, a global leader in predictive analytics solutions for Enterprise Asset Management (EAM), published a paper titled "Enterprise Asset Management – Trending For 2014" which highlights the key industry factors that are influencing EAM initiatives, and gives a concise but comprehensive look at how key trends are developing and affecting the success of asset management teams as they look to improve asset performance. Clockwork's industry experts contributed to the piece by providing knowledge and key feedback from clients currently utilizing big data and predictive analytics to optimize asset life cycles across the enterprise.
"Staying in the forefront of what is trending in the EAM market allows us to build knowledge, expand our product offerings and deepen our knowledge of how predictive analytics serves enterprise asset management professionals," said Tracey Ellis, VP of Marketing for Clockwork Solutions. "Sharing this knowledge puts us in a position to help customers find real value in EAM solutions and drive more value from the asset investments they have already made."
The ten featured trends for 2014 include how the EAM community controls expanding volumes of big data, utilizes predictive analytics to forecast maintenance and sparing needs, and optimizes operations to manage the fleet of assets in their control with a deeper level of understanding. Look for a migration towards the delivery of enterprise asset solutions through SaaS applications like Clockwork's Insight LCM™ solution and the combination of data management strategies for a more inclusive understanding of asset dynamics, which provides near-real time decision support.
Clockwork provides information about trends with an eye towards profitability by giving readers guidance on trends such as the Self-Funding Project, and details how the right EAM strategy can support a business case for an asset purchase, while still protecting the company margin. Understanding the EAM market and using current predictive analytic techniques fuels savings and uncovers cost avoidance; Clockwork's predictive analytics strategies identified over, $3B of value for its customers in 2013 alone.
To learn more about the Enterprise Asset Management trends of 2014 click here to download your complimentary copy.
About Clockwork: Clockwork is a global leader of predictive analytics solutions for Enterprise Asset Management (EAM) that improves availability and reduces maintenance and repair parts costs of capital intensive assets. With over 50 customers, the company provides cutting edge solutions that analyze asset data, provide performance visibility to each phase of an asset's life cycle, resulting in increased availability, improved utilization, and billions worth of cost savings and profitability. For more information visit www.clockwork-solutions.com.
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