With SAP Intelligent Asset Management, you can:
- Continuously enhance processes
- Predict potential issues
- Control costs throughout the asset lifecycle
- Collaborate across networks
- Provide customized services
- Create new revenue opportunities
- Develop innovative competitive strategies
- Manage the entire lifecycle of physical assets
Key Components of IAM:
- Interconnectivity: Connecting machines, devices, sensors, and people (such as drivers, manufacturers, and service providers) via the Internet of Things (IoT) to exchange accurate and reliable data.
- Transparency: By collecting and sharing data from various operational conditions of an asset, IAM provides valuable insights, enabling decision-makers to take timely actions that improve asset performance and product quality.
- Predictive Maintenance: Utilizing IoT sensors and interconnectivity, IAM helps monitor the condition of assets in real time, allowing for predictive maintenance rather than the traditional “run-to-fail” approach. This enables cost-effective maintenance and extends asset lifecycles.
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