According to IDC's 2021 SaaSPath Survey, almost 50% of organizations are still using spreadsheets to manage some or all of their enterprise assets. These organizations are missing out on the efficiency gains of a digital-first world where data and workflows are automated and connected. Further, digitally distraught companies risk losing competitive advantage to companies that have readily available information to make better asset-related decisions.
Any organization working with spreadsheets or repurposing its ERP system should seriously consider implementing a cloud application for managing asset life cycles, preventive maintenance, and service tickets. Teams that first implemented an asset management, maintenance, or reliability system more than five years ago should take a fresh look at the options available now. This buyer's guide helps organizations sort through the options.