Event Concluded

TechDogs-"Reimagine AI enabled Enterprise Asset Management"

Emerging Technology

Reimagine AI enabled Enterprise Asset Management

By ET Edge

ET Edge
Overall Rating

In-Person

Bengaluru, India

Nov 13, 2024

IST

https://cio.economictimes.indiatimes.com/ai-enabled-asset-management?ag=events_listing&utm_source=events_listing&utm_medium=eventListing

About Event

Effective enterprise asset management (EAM) has become a strategic imperative for organizations across industries. EAM includes the management, support, and maintenance of a company’s physical assets throughout their lifecycle. This lifecycle encompasses capital planning, procurement, installation, performance, maintenance, repair, regulatory compliance, risk management, and asset decommissioning and disposal.

Reimagining EAM through AI requires collecting, integrating, managing complex asset networks, disparate data sources and real-time insights is critical for achieving cost savings to maintain a competitive edge and drive operational excellence. By leveraging AI - data, technology and advanced analytics - organizations can monitor assets in real time, pre-empt potential issues and optimize maintenance activities.

This proactive stance with preventive and predictive strategies replaces a wait-for-failure approach, thereby enhancing asset performance, minimizing downtime and yielding cost savings, while enhancing value of the investments.

Tags:

Artificial Intelligence (AI)CHIPS AI/AE Sustainable Semiconductor Materials Semiconductor Processes Industry-informed Funding CARISSMA Funding Opportunity Semiconductor Innovation AI in Semiconductors

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