IoT, AI and drones in the future of enterprise asset management

Enterprise asset management software (EAM) has been around for more than 20 years. Over that time, it's evolved from simply providing tools for managing asset maintenance to being able to provide a way for organizations to track their assets -- anything from an HVAC system to a key piece of manufacturing equipment, to a stretch of railroad track -- and record their condition, get alerts about the need for preventative maintenance, extend the life cycle of those assets, and of course, manage work orders. Until now, improvements to EAM systems have largely been evolutionary, not revolutionary. We're already starting to see new technologies that are making EAM a clear differentiator for companies. Ultimately, the future of EAM will be about information exchange between devices/components and people.