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Cloud-based asset management: Sandeep Kulkarni, Head, Information Technology, Viom Networks

November 22, 2013
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The software as a service (SaaS) model as a part of the web 2.0 revolution is considered a very attractive, viable and cost effective solution for delivery of business applications for small and medium sized business.

In last couple of years, I have come across many RFPs and enquiries even from large companies who wanted to evaluate and adopt cloud based model for enterprise asset management. Today, quite a few large companies have already adopted the cloud for their business critical applications including EAM.

The enterprise space is undergoing a transformative reinvention with radical shift in new offerings and proliferation of cloud-based enterprise class applications. The proliferation of “nimble” solutions, which are relatively easier to implement, boast of a faster time to market and significant reduction in TCO, have really caught the attention of business and IT alike in enterprise accounts and cloud clearly offers most of these benefits.

Having seen the trend and benefits, let’s look at the challenges from asset management perspective.

Data security: Customers (especially asset intensive organisations like utilities, oil and gas etc) want to use cloud solution but still they want data to be on-premise due to security, country specific regulatory requirements etc.

The quantity and complexity of interfaces that an EAM system would need to connect to including asset instrumentation, and the requirements that the reports and analysis that result be very specific to the individual company and its individual industry.

Performance and availability over WAN in distributed and remote environments with asset management users having limited time and exposure to software solutions

For many industries where asset data sensitivity in not that critical, cloud based asset management is the best choice. Even with existing massive investments in infrastructure, software licenses, organisations are looking to switch to cloud option completely managed by service providers.

Also asset intensive organisations are looking for hybrid cloud model like surround cloud application for service management, field force management, approval workflows etc leaving in-premise EAM application to mainly power users.

So in the coming days, more and more businesses would look for opportunities to migrate existing enterprise applications to cloud based asset management software.

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