Did you know there are approximately 9 billion devices, assets, and ‘things’currently connected to a network? Over the next decade that number is expected to increase significantly with estimates ranging from 50 billion to nearly 1 trillion! It's about engine control units on industrial vehicles, track signaling equipment on railways, water pumps in power generation stations, and the list goes on and on. It's all about Enterprise Asset and Facility management (EAM, IWMS) solutions which will enable organizations to reduce operational and capital expenses, manage risk and compliance, and improve the performance of their infrastructure to meet business requirements.
Why does this matter? Opportunity and Risk. In a recent study by the McKinsey Global Institute, smarter infrastructure (a.k.a. the internet of things) has the potential to create an economic impact of $2.7 trillion to $6.2 trillion ANNUALLY by 2025. Conversely, the increasing complexity of assets and things raises operational risk, requires new skills across life cycle, and is impacting existing business processes and cultural norms.
The potential for innovation and optimization is nothing short of spectacular. That's what this podcast is all about. Pete Karns, a thought leader on Asset Management, will, explore the shifts in the market for asset and facility management, share best practices learned from 1,000's of companies from around the world and dive into the innovation potential of Cloud, Analytics, and Mobility.
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