Digitized Data has Evolved. Have You?
Can you imagine conducting your job without a CMMS or EAM system? Many people can – digitized data was not common until the early 2000s. Over the past two decades, there have been several enhancements to maintenance and asset management systems that have caused them to become mainstream across most industries. Globally, businesses now use some form of an EAM or CMMS system, with exception to brand new companies and older companies that have been unable to adapt. For those that have made the change and see the benefits, it is shocking that there are still companies using paper as their main form of documentation. The benefits mentioned below are well appreciated based on the fact that EAM and CMMS systems are now the standard for most industries.
Benefit #1: Knowledge Transfer
The world’s workforce is composed largely of baby boomers who are eligible for retirement. Sectors such as the energy industry are affected greatly by this. This group of retiring employees have a great deal of knowledge about processes, maintenance, and equipment history. This knowledge needs to be retained as they leave the company so that the future workforce can train and continue the legacy that was left for them.
Benefit #2: Internal Communication
New CMMS and EAM systems allow data to be accessed globally via the internet and the cloud. This is a huge factor in company decentralization and increased collaboration between internal departments. Data can be accessed by a larger amount of people, at any point in time, at any location. Not only does this allow for decisions to be made in real time, but it also provides a work environment that stimulates intelligent decision making and collaboration.
Benefit #3: Time Saved
The time and effort spent searching through files, and processing paperwork is ridiculously high compared to time spent when using a CMMS or EAM system. The ability to access data from any location using a keyword search is a big step to increasing process efficiency. In addition, the easily accessible data available in real time allows for flexible manufacturing methods. This type of manufacturing saves time as well benefits the company by increasing customer satisfaction and allowing huge savings in the cost of goods sold.
Benefit #4: No Physical Limits
The beauty of digitalized data is that you can store as much data as you want. Companies are able to quickly scale up or down, and pricing plans are only targeted to the storage that is being used. Additionally, this provides a much more complete and accessible audit trail. Many desire this for the security benefits of having access to anything they might need.
Benefit #5: Analytics and Intelligence
Managers commonly note this to be the biggest benefit to digitalized data. CMMS and EAM systems will allow users to track trends in data, benchmarks, process performance, cost drivers, and the causes of failure. This can aid decisions that will ultimately result in increased equipment efficiency. Intelligent systems will help users to automate as much of the data entry process as desirable, once again speeding up the process.
So Why are People Still Refusing to Change?
A data build requires work and resources and sometimes companies don’t prioritize it because they don’t want to put out the expense. NRX has been able to provide a solution that lowers the amount of work and resources needed. We help our customers save up to 50% of the time and cost typically incurred during a data build by making it easier to build data faster. Our software provides a flexible staging area that allows our customers and their service providers to build data in a collaborative, iterative, and highly transparent manner, and then easily deploy it to a CMMS or EAM system such as IBM Maximo, SAP PM, Oracle eAM, Infor EAM and others. Visit our website to find out how this solution can help you build high-quality EAM and CMMS data.
Share this article
- Improving spare parts management
- 3 problems efficient equipment tags can help you solve
- Accurate EAM Data and the World Cup
- Asset data from a new perspective
- Please, Not Another Software Application
- Big data and what to do with it.
- Improve your ROI when you’ve hit the wall.
- Building Your Business Case for IIOT
- Smart Data Powers Smart Manufacturing
- The Downtime Your EAM Data Can Prevent