Utilities, gas, construction, and manufacturing providers are increasingly using custom apps to streamline enterprise asset management (EAM). This makes digital EAM a top technology to watch in 2020 and beyond.
Enterprise asset management challenges any large industrial provider. The average company can have hundreds of thousands of assets scattered across multiple locations. These assets include human resources, machines, vehicles, wide area networking components, servers, and more. And each system plays a vital role in the ongoing stability and profitability of the organization.
Traditionally, most of these systems and machines operated independently, making it difficult to achieve effective enterprise asset management (EAM) goals. Today, though, more and more industrial providers are moving digital transformation initiatives forward, implementing cutting-edge solutions to oversee the sum of their assets.
There are hurdles to the digitization of EAM, however. Off-the-shelf EAM software is very expensive with costs often exceeding $11,000 per user. EAM can be a costly investment for the budget-conscious organization, especially when considering all of the additional technological expenses facing companies today (e.g., data management, the cloud, computers, communications, insurance, and more).
It’s possible, however, to build your own EAM apps using a no-code app platform — saving your company thousands of dollars while building a solution that matches your precise needs.
Using a no-code app platform like AppSheet, it’s possible to build individual apps for specific EAM processes. For example, you could build apps to track HR processes, workflows, data management, inventory, and more by merging these functions into a centralized reporting app.
Here are some of the benefits that come with using no-code EAM apps.
One of the problems with out-of-the-box EAM platforms is that they lack the ability to enable you to easily create and track new and custom assets.
By using a no-code EAM platform, however, a company can create specific apps on an as-needed basis. For example, a manufacturing company may decide to start tracking IoT solutions. This could be easily accomplished by taking data from Sheets or Excel and building an app to provide ongoing expense reports.
Human error remains a major challenge with EAM solutions, which still require physical data entry. It’s very common for data to be entered incorrectly, resulting in inaccurate reporting and untrustworthy results.
No-code EAM eliminates manual data entry by creating a system where information can be entered via digital fields and intuitive drop-down menus. This removes the need to manually transcribe data — increasing data integrity and helping your business make smarter decisions.
If a data value is entered incorrectly on a no-code platform, it’s far easier to detect and correct the mistake. No-code apps offer greater data transparency than traditional paper-based data entry systems. Authorized users can access, review, and update data from any device.
A study by Software Advice found that 86 percent of EAM buyers prefer a cloud-based EAM solution. This statistic highlights the need for streamlined back-end management and affordable storage.
No-code app platforms like AppSheet leverage the cloud to deliver powerful, SaaS-based building functionality. It’s a far more cost-effective approach to running an on-premise EAM solution or hiring developers to build one from scratch for you.
Learn more about AppSheet’s no-code platform.