As enterprises grow and assets become increasingly connected, asset management processes must adapt. This need for a 360-degree view drives the $5.1 billion enterprise asset management (EAM) market, projected to reach $8.2 billion by 2024 and grow at a 16.7% CAGR. IoT accelerates EAM adoption, with two-thirds of asset-heavy industries—manufacturing, industrial machinery, financial services, transportation, oil and gas and technology—implementing or planning IoT-enabled solutions.

The IATM solution by IoT WoRKS™ enhances asset onboarding, transforms inventory audits and improves asset visibility through location monitoring. This industry-agnostic solution is applicable across IT, life sciences, healthcare, financial services, automotive and MRO.