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With the release of version 8 in July 2021 the product was renamed to IBM Maximo Manage. [ 4 ] Maximo is designed to assist an organisation in managing its assets such as buildings, vehicles, fire extinguishers, equipment recording details such as details, maintenance schedules and participating in workflows to manage the assets.
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.).
Since the first half of 2013, APM has entered into a period of intense competition in technology and strategy with a multiplicity of vendors and viewpoints. [10] This has caused an upheaval in the marketplace with vendors from unrelated backgrounds (including network monitoring, [11] systems management, application instrumentation, and web performance monitoring) adopting messaging around APM ...
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.
Bob Fabbio in an interview indicated the purpose was to provide systems management on systems from a diverse set of vendors while at IBM he had been directed to focus on IBM products only. [5] As an independent software vendor Tivoli Systems developed and sold Tivoli Management Environment (TME) "systems management" software and services.
Infrastructure asset management is a specific term of asset management focusing on physical, rather than financial assets. Sometimes the term infrastructure management is used to mean the same thing, most notably in the title of The International Infrastructure Management Manual (2000, 6th edition).
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