One of the most important factors influencing CMMS/EAM software development today is connectivity by way of the internet. This has been shaping software of all kinds for a while, but it is connectivity with assets through the internet, or the “internet of things” (IoT), that is so fundamental to asset management software, i.e., CMMS/EAM platforms. Industrial assets such as production equipment can be large, complex, and expensive. Thus, connecting them through the industrial IoT can be hugely beneficial for functions such as centralized equipment monitoring and control.
But the internet of things is actually only one strategic component of a bigger industry trend known as Industry 4.0, around which considerable confusion exists. In this article, I will try to present a mainstream view as it relates to asset management and your CMMS/EAM system.
What does Industry 4.0 encompass?
Given that Industry 4.0 is a relatively new term, there are many conflicting versions of its definition and composition. However, there is general agreement that Industry 4.0 is a merger of the digital world and the internet world to form automated production processes. Some key components are as follows: