Connected Asset Lifecycle Management (CALM) Solutions Market: Drivers, Restraint & Future Growth

Albany, NY -- (SBWIRE) -- 12/19/2018 -- Asset lifecycle management is the strategic control, visibility, and accountability for the asset throughout every stage (procurement, installation, operation, maintenance, and upgrade). Across asset-intensive industries, including power and utilities, companies are increasingly realizing value for improving asset uptime, enhancing customer service, and advance performance predictability. To improve asset performance and efficiency, a coordinated approach is needed to deliver required change. Companies are seeking ways to reduce operating cost through industrial internet of things (IIoT) solutions. More sensors, more assets, and more data are bringing asset-intensive industries to a completely new era of asset management.