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How Asset Management Software Helps in Reducing Costs for a Company
Asset management software is defined as a digitalized system that lets you track as well as record assets throughout the course of their lifecycle.
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ibm maximo,maximo,ibm maximo asset management,ibm maximo training courses,ibm maximo online training,Ibm maximo course Material
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A business consists of a broad variety of assets, which are divided into fixed and liquid assets. Managing an organization's assets is essential to the development of an organization and saves a lot of time and money. We do have some common asset management software to handle the asset management function, and IBM Maximo is one of them.
Introduction to IBM MAXIMO:
IBM Maximo is a financial advisory application that allows users to control assets in a single system. With this single system company will take a look at the entire life cycle of its organizational properties, including manufacturing, communications, infrastructure, transport, and much more. Maximo is a cloud-based or on-site platform that can be easily accessed from any device. As a tech savvy person, to gain proficiency in depth one should take the IBM maximo course which brightens their career growth.
Key functionalities of IBM Maximo:
The key capabilities of the IBM maximo includes a knowledge-based approach that contributes to prompt detection and resolution of problems etc.
Improve wrench time by using advanced scheduling methods.
Simple monitoring of liabilities and asset management plan leading to decreased downtime of assets.
Monitor contractors / suppliers and service providers to boost the efficiency of services delivered
Control of essential replacement parts, relating to maintenance schedules, leading to reduced loading costs
Mobile apps allow real-time access to assigned job and asset information to increase response times
Facilities support desk to publish available resources and increase customer satisfaction.
IBM Maximo Asset Management:
IBM Maximo Asset Management is an enterprise asset management (EAM) software solution produced by IBM. It is a solution that is used to operate, maintain and dispose of corporate assets. It focuses on the following kinds of properties.
Plants and production
Infrastructures
Transportation of products
Land and services
EAM is recognised internationally to be important in asset-intensive sectors , i.e. energy, oil & gas, pharmaceuticals, rail & transportation, heavy manufacturing , and services, including hospitals , schools, and hotels.
Maximo Asset Management comprises six management modules in an enhanced service-oriented architecture.
Modules of IBM Maximo Asset Management:
Asset Management: Achieve control that you need to track and manage asset and location data more efficiently throughout the asset lifecycle.
Work management: Manage both scheduled and unplanned job tasks from initial request to completion and documentation of actual work.
Contract management: Achieve full support for purchase, lease, rental, insurance, labor cost, software, master, general and user-defined contracts.
Inventory Management: Know the specifics of the asset-related inventory and its application, including what, where, where, how many and how important it is.
IBM Maximo architecture and its components:
Maximo and Worklight form a mobile application network that incorporates the Maximo Asset Management enterprise framework. Maximo offers the tools needed to create mobile applications for Maximo Asset Management. Worklight components act as middleware by facilitating integration with the enterprise framework and by promoting the delivery of applications to mobile users.
Components:
Maximo Integration Framework: The required package of components includes this framework that is used by the Tivoli ® Process Automation Engine to allow integration between Maximo Asset Management and external applications. The required version of the integration system includes OSLC capabilities and service providers that use Maximo apps to retrieve and process enterprise data.
Maximo Anywhere enablement: Content that must be deployed in the Maximo Asset Management environment to support the Maximo Anywhere Work Manager apps. The appropriate package of components includes OSLC object structures, license authorization, and cron task automation.
Map Services: The map view in the Maximo Anywhere Job Execution software uses the positioning data given by Maximo Asset Management. Maximo Asset Management can be designed to receive positioning data from ArcGIS, an external geographic information system. You must have the right to use the correct software from the Map Service Provider, Esri, to enable this setup.
Conclusion:
IBM Maximo, the global leader in corporate asset management systems, is a robust asset lifecycle and maintenance management system. It offers insight into all of the organization's assets, from plant machinery, personnel, infrastructure to vehicle fleets.If you want to grow your professional career in this field, IBM maximo certification course is very advantageous to get placed in top MNC’s. Apart from it, IBM Tivoli certification course adds an extra mile to your career enhancement.
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RT IBMTraining "RT GKonIBM: Harness the power of #IBMMaximo in our exclusive IBM Maximo Asset Management 7.6 Fundamentals course. #IBMTraining #gk5987 https://t.co/kbRDCcADKh https://t.co/sxyMb359y9"
RT IBMTraining "RT GKonIBM: Harness the power of #IBMMaximo in our exclusive IBM Maximo Asset Management 7.6 Fundamentals course. #IBMTraining #gk5987 https://t.co/kbRDCcADKh pic.twitter.com/sxyMb359y9"
— Ross Radev (@Ross_Radev) June 5, 2019
from Twitter https://twitter.com/Ross_Radev
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IBM Maximo Traning
IBM Maximo Training is an enterprise asset management software developed by Project Software & Development Inc (PSDI) in 1985. IBM later purchased it in 2005. Hence, it got the name IBM Maximo asset management.
IBM Maximo asset management is a workflow process management system and an asset management life cycle. It manages the asset operation and the business process. It can also be integrated with the existing applications.
IBM Maximo asset management is a single software platform that helps to manage all of your asset types. It is an integrated database and productivity tool that is built on software-oriented architecture (SOA). It provides optimal planning, audit, control, and compliance capability to deliver a comprehensive view of all asset types and the work process that supports them, their locations and conditions. It also provides critical information about asset resources. It includes vital attributes and they are contributing and their logical and physical relationships to other resources.
Features of IBM Maximo:
· Custom, streamline and integrate - Can customize the software as per their customer's requirements. It can also combine it with the existing applications. It provides insights into all enterprises assets, their conditions and work processes for better planning and control.
· Choose application server and database - It uses multiple software servers. Can install it on servers with the same computers or a different server. System requirements can depend on the operating system, site configuration and database platform.
· Select standard or custom reports - IBM Maximo asset management tool is embedded with Business intelligence and reporting tools (BIRT). It has standard reports covering many applications and includes analysis, hierarchical, detail and drills down pieces. It can be customized to the BIRT reports or develop new accounts to suits the business needs.
IBM Maximo asset management is highly customized for both the user interface. It can be adapted to suit the business requirement. Can make the changes to meet the specific business needs. The application designer uses a graphical user interface to configure applications without editing a line of code.
The new version of IBM Maximo, i.e., IBM Maximo asset management 7.6, helps an organization achieve greater efficiency in asset management through integration, installations, usability and business intelligence. It focuses on improving supply chain management by lowering the cost of ownership and implementation. As a result, It increases return on investment and enhances user integration.
Course Content
IBM Maximo Asset Management Overview
· Asset management
· Framework overview
· Business requirements overview
Core data setup and configuration
· Data setup overview
· Entering and configuring organizations and sites
· Defining and organizing the classification hierarchy
· Defining and entering locations and location hierarchies
· Entering and registering labor and users
Item and asset planning and setup
· Item and asset setup overview
· Defining and setting up item and asset configurations
· Entering assets
Inventory and purchasing
· Inventory setup and usage
· Purchasing process and setup
· Requisitioning
· Purchase orders
· Receiving
· Invoicing
Work Management
· Work management process and setup overview
· Setting up job plan templates
· Setting up scheduled or routine maintenance activities
· Creating and generating tickets and work orders
· Planning work
· Scheduling work
· Assigning and dispatching work
· Work completion and reporting
Some companies that used IBM Maximo asset management are Ashok Leyland, Momentive, Tech Mahindra, Kellogg's, Bestseller, TCS, PWC, NTT Data, HP, SABIC, TSPL, Lamprell, ESSAR, KPMG, ATOS, Neovia and many more.
Nisa's IBM Maximo corporate training introduces you to the fundamental concepts and setup configuration of various business areas supported by Maximo. Lectures, demonstrations, labs covering multiple applications, processes and interrelationships are some of the activities included in IBM Maximo. Nisa's IBM Maximo online course training is designed to define how Maximo's modules and applications will help you reach your organizational goals. In addition, Maximo online course also discusses all aspects of Maximo's job management process such as identification, scheduling, assignment, planning and execution, completion, along with joint day-to-day procurement and materials management processes.
On completion of Nisa's IBM Maximo 7.6 training, you will be able to:
· Develop workflows, escalations, and reports
· Query and retrieve data
· Describe the asset management life cycle
· Learn about modifying error logging and system properties
· Enter core data elements and data structures
· Modify application server and its services
· Describe options that are available for various applications
· Describe and use the different Maximo applications and functions as they relate to business processes
Nisa's IBM Maximo online training encourages students to make informed business strategies with design and planning their implementation. And we will also address the implementation and configuration aspects of the application as they pertain to integrations, documentation and business processes. On the other hand, you will also have the opportunity to work on two real-time projects under the supervision of professional trainers during training. As a result, it will help you build the skills required to operate, manage and dispose of the company's assets using IBM Maximo. In other words, students get a clear idea on which base to develop their product knowledge and skill set. On completion of this course, Maximo training certification is also provided. Students will also be given hands-on training using IBM Maximo software. Nisa's IBM Maximo training study material, long with recorded videos, will be provided for their reference. Enrol yourself and get placed in your dream company.
For More information about IBM Maximo, Online training, feel free to reach us.
Name: Albert
Email: [email protected]
Ph No: +91-9398381825
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C1000-047 Dumps PDF - Latest C1000-047 Exam Questions and Answers
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Smart Water Management Market Analysis & Forecast with 2020

Global Smart Water Management Market: Overview
Set to grow at a magnificent rate (CAGR - Compound Annual Growth Rate) the global smart water management market is ready to reach a significant market valuation by the end of the forecast period - from 2019 to 2027. Some of the significant reasons behind the steady growth projected for the market over the stated period are growing demand for quality water services, and up-gradation of water related infrastructure. Besides, growing digitalization of the utilities sector is also supporting growth in the market. Additionally, it is worth noting here that the government regulations emerging in the market landscape are also favouring growth.
Global Smart Water Management Market: Notable Development
The global smart water management market is expected to grow at an impressive CAGR owing to a couple of reasons. Some of these are related to the active vendor landscape of the market. Certain developments that have happened in the recent past and are ready to shape the future of this marketscape are outlined below:
In the year 2019, Itron and Xcel Energy forged an alliance to improve market penetration (for former), and efficiency, reliability, and security (for the latter). In the same year, Maximo Asset Monitor was launched by IBM. It is a monitoring solution that is powered by artificial intelligence technology or AI. By helping high value assets (physical) gain improvement in performance, it allows for better maintenance and operations. Additionally, in 2019 itself, Kemira and ABB entered into a partnership to combine ones expertise in treatment of water with other’s automation solutions.
Request A Sample Copy Of The Report https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1196
The global smart water management market is fragmented and with entry of new players, the competitive landscape is predicted to be more fragmented. Key names in the global smart water management market are:
ABB (Switzerland)
Arad Group (Israel)
AquamatiX (UK)
Badger Meter (US)
Honeywell Elster (US)
Huawei (China)
HydroPoint (US)
IBM (US)
i2O (UK)
Itron (US)
Oracle (US)
Landis+Gyr (Switzerland)
Sensus (US)
Schneider Electric (France)
Siemens (Germany)
Suez (France)
SenzIoT (India)
TaKaDu (Israel)
Trimble Water (US)
XENIUS (India)
Global Smart Water Management Market: Key trends and driver
It is pertinent to note here that a plethora of trends and drivers are supporting growth in the global smart water management market. Some of these are outlined below:
Demand for quality water management is increasing as need for water increases and its availability hits a new low. This is also the reason why governments across the world are trying to promote smart water management.
In order to ensure water management is proper, need to improve existing infrastructure is high and this is leading to demand for smart water management, helping the market take a high growth trajectory.
Global Smart Water Management Market: Regional Analysis
The Asia Pacific region (APAC) holds a major chunk of the market share and the trend is set to roll into the forecast period, for which the market is assessed in the upcoming report of Transparency Market Research. Some of the factors underscoring this growth are a massive population marking the region, industrialization, and urbanization. Besides, owing to the massive consumer base, move towards any technology would have a notable impact on the global smart water management market. Information intensive technologies are already making in-roads into the region owing to adoption by countries such as Japan, India, and China. This helps them plug demand gaps in utilities sector. Thus, it is pertinent to mention here that the region will offer players operating in the global smart water management market with great opportunities.
Request For Covid19 Impact Analysis https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=1196
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
North America
Asia Pacific
Europe
Latin America
The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
You May Also Like PRNewswire on https://www.prnewswire.co.uk/news-releases/increasing-requirement-of-updating-traditional-systems-to-drive-uptake-of-global-transportation-management-systems-market-valuation-to-rise-up-to-us-59-748-5-mn-by-2030-end-notes-tmr-856142726.html
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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SRO Updates Stena Drilling's Rigs with IBM’s
SRO Updates Stena Drilling’s Rigs with IBM’s

Offshore drilling contractor Stena Drilling has had its asset management software system on six offshore rigs replaced.
The company hired UK-based tech firm SRO Solutions which, over the course of 14 months replaced its existing asset management system with IBM’s Maximo software.
Six engineers from SRO carried out the work, and also delivered training on the rig fleet in the Canary Islands,…
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Smart Water Management Market Investment Opportunity and Projected Huge Growth By 2027
Global Smart Water Management Market: Overview
Set to grow at a magnificent rate (CAGR - Compound Annual Growth Rate) the global smart water management market is ready to reach a significant market valuation by the end of the forecast period - from 2019 to 2027. Some of the significant reasons behind the steady growth projected for the market over the stated period are growing demand for quality water services, and up-gradation of water related infrastructure. Besides, growing digitalization of the utilities sector is also supporting growth in the market. Additionally, it is worth noting here that the government regulations emerging in the market landscape are also favouring growth.
Global Smart Water Management Market: Notable Development
The global smart water management market is expected to grow at an impressive CAGR owing to a couple of reasons. Some of these are related to the active vendor landscape of the market. Certain developments that have happened in the recent past and are ready to shape the future of this marketscape are outlined below:
In the year 2019, Itron and Xcel Energy forged an alliance to improve market penetration (for former), and efficiency, reliability, and security (for the latter). In the same year, Maximo Asset Monitor was launched by IBM. It is a monitoring solution that is powered by artificial intelligence technology or AI. By helping high value assets (physical) gain improvement in performance, it allows for better maintenance and operations. Additionally, in 2019 itself, Kemira and ABB entered into a partnership to combine ones expertise in treatment of water with other’s automation solutions.
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The global smart water management market is fragmented and with entry of new players, the competitive landscape is predicted to be more fragmented. Key names in the global smart water management market are:
ABB (Switzerland)
Arad Group (Israel)
AquamatiX (UK)
Badger Meter (US)
Honeywell Elster (US)
Huawei (China)
HydroPoint (US)
IBM (US)
i2O (UK)
Itron (US)
Oracle (US)
Landis+Gyr (Switzerland)
Sensus (US)
Schneider Electric (France)
Siemens (Germany)
Suez (France)
SenzIoT (India)
TaKaDu (Israel)
Trimble Water (US)
XENIUS (India)
Global Smart Water Management Market: Key trends and driver
It is pertinent to note here that a plethora of trends and drivers are supporting growth in the global smart water management market. Some of these are outlined below:
Demand for quality water management is increasing as need for water increases and its availability hits a new low. This is also the reason why governments across the world are trying to promote smart water management.
In order to ensure water management is proper, need to improve existing infrastructure is high and this is leading to demand for smart water management, helping the market take a high growth trajectory.
Global Smart Water Management Market: Regional Analysis
The Asia Pacific region (APAC) holds a major chunk of the market share and the trend is set to roll into the forecast period, for which the market is assessed in the upcoming report of Transparency Market Research. Some of the factors underscoring this growth are a massive population marking the region, industrialization, and urbanization. Besides, owing to the massive consumer base, move towards any technology would have a notable impact on the global smart water management market. Information intensive technologies are already making in-roads into the region owing to adoption by countries such as Japan, India, and China. This helps them plug demand gaps in utilities sector. Thus, it is pertinent to mention here that the region will offer players operating in the global smart water management market with great opportunities.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
North America
Asia Pacific
Europe
Latin America
The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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