AI, in its many forms, is having a revolutionary effect across different industries and applications. In industrial environments, sensor-based AI allows production line systems to learn from data and make predictions and decisions for process optimization. Meanwhile, AI can also analyze and interpret visual information from images or videos, enabling significant advances in areas like autonomous vehicles on the shop floor. And then there is generative AI, with natural language processing allowing computers to understand, interpret and create human language – radically enhancing how we interact with software. AI, in short, is making a huge impact everywhere and anywhere across industrial operations.
Improved asset management
Asset Management is not exempt from this transformation. EAM, in particular, is an area where AI is set to have a significant impact. In recent years, EAM software have proven a popular way of managing and maintaining physical 'things' such as buildings, plants, machinery, and vehicles. Such platforms are increasingly deployed by organizations in sectors such as chemicals, food, and logistics to improve reliability, streamline operations, and help ensure the highest levels of health and safety. More specifically, EAM can provide a comprehensive overview of the productivity and costs of assets and enable the optimization of uptime through ideally coordinated maintenance management.
But technology is moving fast. Now, integrating AI into EAM platforms could radically enhance capabilities, resulting in higher employee productivity and further maximizing asset performance, with all relevant data protection in place. By leveraging AI, future EAM toolsets will be more intuitive, accessible and predictive, therefore driving unprecedented efficiency and effectiveness in asset management practices. That is the exciting potential, for sure, but getting there means some obstacles still need to be overcome.
To access the full article, you can download the entire version.
For which sectors is IFS Ultimo software suited?
If your organization utilizes capital-intensive assets, IFS Ultimo's best-of-breed EAM is an invaluable tool for optimizing your asset management. Ultimo excels in manufacturing, logistics, healthcare, infrastructure and utility sectors.
-
Do you have capital-intensive assets? Then an EAM system is an invaluable tool for optimizing their management. Ultimo is well represented in the manufacturing, logistics, healthcare, infrastructure and utility sectors. View our cases.
Latest resources
Discover how Ultimo is pioneering agentic AI in enterprise asset management. From smarter safety reporting to proactive maintenance, learn how AI co-workers are transforming the future of EAM.
PETROFER improved compliance and efficiency by 60% with Ultimo's Cloud-based EAM platform by digitalizing inspections, work orders and asset management processes.
Enterprise Asset Management (EAM) is experiencing a quiet but powerful transformation, driven by proven technologies such as artificial intelligence (AI), digital twins, and virtual operations centers (VOCs).
The Ultimo Maintenance Trend Report is one of the most comprehensive surveys of asset management professionals worldwide. Drawing on insights from hundreds of maintenance leaders across manufacturing, healthcare, energy, utilities, telecom, transport, and logistics, this report goes beyond the buzzwords to reveal what’s really driving and disrupting maintenance strategies.
AI is transforming Enterprise Asset Management by addressing skill shortages, enhancing safety, and improving efficiency. Ultimo’s Chris Van den Belt explores the rise of agentic AI and its practical impact on organisations in manufacturing, logistics, and healthcare.
From complexity to cohesion: discover how a leading international terminal operator unified its asset management across 30+ global sites in just 10 months.
Discover how CDF Corporation transformed its asset management strategy by digitizing maintenance, integrating factory tools and empowering technicians to drive operational efficiency.
London’s Gatwick has migrated its Ultimo enterprise asset management (EAM) and SAP enterprise resource planning (ERP) platforms seamlessly from on premise to the Cloud, thanks to the industry expertise, and meticulous project management at Ultimo.
Enterprise asset management company’s second U.S. acquisition in 12 months expands healthcare innovation capabilities and deepens commitment to the region.
Discover how NewCold, a global logistics leader, improved uptime, empowered maintenance teams and saved £95K by implementing Ultimo’s Enterprise Asset Management (EAM) software.
Request a demo
Get your questions answered. Schedule a personalized demo to see how Ultimo can add ease and value to your business. No strings attached.
