Organizations are under tremendous pressure to optimize and unlock significant value from all of their assets, including equipment, intellectual property, websites, and employees. Today’s new business models, such as power by the hour, complex long-term maintenance service plans, service level plans that can have penalties, and visibility down to sensor level data, all require a better understanding of how assets are performing. Meanwhile, escalating capital costs are driving higher utilization rates from the original equipment manufacturer (OEM) to the operator and ultimately to the end user.
