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Maximo is enterprise asset management software originally developed by Project Software & Development (later MRO Software) with the first commercial version released in 1985. [2] [3] Purchased by IBM in 2006, it was branded as IBM Maximo Asset Management. With the release of version 8 in July 2021 the product was renamed to IBM Maximo Manage. [4]
Asset Performance Management (APM): This component of EAM solution applications offer software and services for optimizing asset performance and operational & maintenance efficiency. Features such as these include proprietary analytics and work process automation (e.g., Work Orders, Procurement Processes, Material Requestes, etc.).
IT Application Portfolio Management (APM) is a practice that has emerged in mid to large-size information technology (IT) organizations since the mid-1990s. [1] Application Portfolio Management attempts to use the lessons of financial portfolio management to justify and measure the financial benefits of each application in comparison to the costs of the application's maintenance and operations.
In the fields of information technology and systems management, application performance management (APM) is the monitoring and management of the performance and availability of software applications. APM strives to detect and diagnose complex application performance problems to maintain an expected level of service .
According to IT analyst research firm Gartner, Inc., IBM in 2012 owned the largest share of the "IT Operations Management" software market, with an 18% market share. [13] IBM was also the leading provider of Enterprise Asset Management software, for the 7th consecutive year, according to ARC Advisory Group , a research analyst firm for industry ...
Agile project management, a style of project management for agile software development projects; Application portfolio management; Advanced Progressive Matrices, a subset of Raven's Progressive Matrices which is an intelligence test
In IT operations, software performance management is the subset of tools and processes in IT Operations which deals with the collection, monitoring, and analysis of performance metrics. These metrics can indicate to IT staff whether a system component is up and running (available), or that the component is behaving in an abnormal way that would ...
Hence, asset management is a comprehensive approach in handling an immense portfolio of public and private capital stock. As example, in 2009, the IBM Maximo software was adopted to manage the maintenance of rolling stock and facilities for three railway systems: the Long Island Rail Road, San Francisco BART system, Washington metrorail. [10]