Although traditionally EAM systems were deployed on premise, today most applications are deployed in the cloud, with smaller and mid-sized businesses using a software-as-a-service (SaaS) model to accommodate a more moderate-sized operation.
Data from a range of complementary systems can be integrated within EAM in real time. This rich data repository supports powerful predictive analytics and business insights so that assets can be managed proactively.
With a holistic view of the entire operation, greater efficiencies can be achieved with enterprise asset management software. For example, inspection and maintenance crews in the field can attend all assets in need of attention on a single run, resulting in fewer truck rolls. With proactive maintenance, assets will run optimally, using less power and reducing carbon footprints and other environmental impacts.
Organizations can be held responsible for damages that may occur due to equipment failure. For example, some public utility companies have been found liable for loss of life and property damage due to equipment malfunctions and overlooked inspections. These scenarios include environmental disasters such as wildfires and natural gas explosions.
CMMS focuses specifically on driving asset uptime and would be used predominantly by operations staff responsible for this single output. Organizations that want to manage the entire asset lifecycle, from cradle to grave, will use an EAM system.