SaaS and Cloud-Enabled Asset-Intensive EAM Applications
EAM applications are evolving rapidly as vendors invest research and development dollars into bolstering, augmenting and, in some cases, redesigning their EAM applications. As a result, it is extremely important for prospective customers to understand how vendors and their software are positioned both now and in the next three to five years.
Organizations typically make a long-term commitment to their EAM applications due to the cost of migrating the asset data, configuring and customizing workflows, integrating with adjacent systems, and training a distributed, and often partially outsourced, team of technicians. This means it’s vital to evaluate the software vendor's strategy, road map, and responsiveness to customer feedback in addition to its current features and functionality.
We are delighted the IDC MarketScape has positioned IFS in the Leaders category. The IDC MarketScape noted:
- A flexible, integrated EAM application to support complete asset life-cycle management from initial engineering, procurement, construction, and commissioning through operations and maintenance to decommissioning
- Full integration with its own inventory and procurement capabilities to track supplies and ensure costs are posted back to work orders
- Part of a wider offering within IFS Applications - an enterprise suite made up of integrated ERP, finance, supply chain, human resources (HR), and field service management
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"IDC MarketScape: Worldwide SaaS and Cloud-Enabled Asset-Intensive EAM Applications 2020-2021 Vendor Assessment" by Juliana Beauvais, John Villali, Reid Paquin, Andrew Meyers, Kevin Permenter, November 2020, IDC #US46261320
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the circles.