This IDC Market Perspective provides an update on the enterprise asset management (EAM) market and the progress of Internet of Things (IoT) technology therein. The document provides a view of both the potential of IoT in EAM applications and the challenges hampering the adoption of IoT within EAM. Finally, it provides some guidance based on IDC's assessment of the market, technology, and offerings.
"IoT carries tremendous potential to change how enterprise asset management is done for companies of all sizes. Like other leading-edge technologies, IoT within EAM applications, while promising, is not without its challenges. Customers and vendors, alike, must work to understand the hurdles inherent to this technology to maximize the value of this technology to your organization," says Kevin M. Permenter, senior research analyst, Enterprise Applications.