The goal of industrial asset management, or IAM, is to maximize the value of a company's assets. An effective IAM solution can make the business more efficient, reduce downtime and improve service delivery. And yet, for many companies, the current IAM operating model just isn't cutting it. For original equipment manufacturers or OEMs in particular, the IAM function leaves a great deal of unrealized potential on the table – in some instances, up to 20 percent service cost reduction, 15 percent revenue enhancement, and 15 percent asset up-time improvement.
The Open Group has launched the Open Trusted Technology Provider Standard (O-TTPS) Accreditation Program, one of the first accreditation programs aimed at assuring the integrity of commercial off-the-shelf (COTS) information and communication technology (ICT) products worldwide and safeguarding the global supply chain against the increasing sophistication of cybersecurity attacks.
The global information technology industry is likely to experience moderate growth in 2014, some 3.4 percent, with upside potential of 5.9 percent, according to the IT Industry Outlook 2014 released by CompTIA, the non-profit association for the IT channel. The U.S forecast is slightly lower: 3 percent, with upside potential of 5.4 percent.
Small and mid-sized businesses (SMBs) have many of the same complexities as large corporations, but with a very different set of constraints. As a result, in the past SMBs did not have access to the same depth of solution functionality available to large enterprises. Increasingly that picture is changing.
Driven by the need to continuously improve the performance of industrial operations, the worldwide market for asset reliability software and services should experience growth that will outpace the automation market as a whole, according to a new ARC Advisory Group study.
Companies will face next year emerging threats in cloud data storage that will demand security measures that go far beyond what is offered by service providers, a university report says.
Senior management executives are increasingly budgeting for information-technology purchases particular to their own functional areas or departments, beyond what's included in corporate and IT-department budgets.
An automated yard management system gets drivers in and out of facilities quickly by using electronic gate readers and providing exact trailer locations. Aleks Gollu, CTO and founder of PINC Solutions, discusses these and other benefits.