Business & Management Insights

Asset-intensive companies continuously face the struggle of maintaining the value of all their assets. And along with it comes decisions like investments and resource allocation to maintain a seamless flow of their businesses. The common questions that such establishments typically face involves – is the current investment worth it? What is the optimal frequency of maintenance that will ensure quality? Are the assets lowering overall costs? Are they still reliable? Enterprise asset management programs bring the answers to such queries in one platform and help decision-makers to frame policies for better management of assets through their entire lifecycle. They also give the managers the desired feedback on their business processes and provide insights into potential benefits and risks. How EAM impact business performance? Enterprises typically have two types of assets in their hands. One, physical assets that include classes like plant and production units, infrastructure,...

Over the last decade, technologies across the world have taken giant leaps. As a result, most technology-driven enterprises have gone through significant transformations as well. Most of the major networking companies have transitioned from a hardware-based model to a software-centric structure. In addition, these companies have changed their future direction based on the approach of their CIOs.   At big conferences and trade shows, technology officers or chief information officers do brainstorming to identify the latest technology trends, the applicability, cost-effectiveness, and potential long-term results. Amid all the hypes about these new trends, the real concerns are for CIOs, and other IT professionals are about aligning their organization with the latest technology to move forward. In this post, we will talk about five key takeaways for CIOs regarding the modernization of applications and data migration trends. Here we go. 1.      New Softwa...