#Enterprise Asset Management Market Share
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Enterprise Asset Management Market Size And Share Report, 2030
Enterprise Asset Management Market Growth & Trends
The global enterprise asset management market size is estimated to reach a market size of USD 19.68 billion by 2030 and expand at a CAGR of 16.9% from 2023 to 2030, according to a new study by Grand View Research, Inc. The significant market growth can be attributed to the rising technical advancements, the growing acceptance of advanced technologies for developing asset lifecycles, and the advent of innovative digital technologies across industrial verticals, such as cloud-based EAM. For instance, in April 2023, Ernst & Young LLP, a consulting company, announced a partnership with Asset Lifecycle Intelligence, a division of Hexagon AB, to offer asset performance management and enterprise asset management (EAM) technologies. Through the partnership, EY would help its customers track, monitor, and extract value from assets while mitigating risks such as unplanned costs and operational downtime.
To provide EAM and Asset Performance Management (APM) technologies as part of digital transformation and cloud migration initiatives through innovation and solution expertise. For clients aiming to address business challenges and issues regarding assets, this alliance employs EAM and APM service offerings. To promote the sustainability of digital realities and promote autonomous futures, this partnership draws together technological expertise in sustainability, digital twin, cyber, supply chain, and manufacturing execution systems, along with installation and upgrade assistance.
Cloud EAM deployment eliminates the need for extensive on-premises hardware and reduces IT infrastructure costs, allowing organizations to allocate resources more efficiently. Furthermore, cloud deployment offloads maintenance tasks, such as software updates and security patches, to the service provider, allowing the organization's IT team to focus on core business activities. For instance, in November 2022, as global's an IT services provider, announced a partnership with Dynaway, a provider of Microsoft Dynamics platform-based enterprise asset management. Through the partnership, the former company will add Dynaway’s EAM solution to its offering portfolio. The new solution would help sa.global’s clients to improve asset performance with predictive maintenance and create connected ecosystems that boost productivity, efficiency, and quality.
Several enterprises worldwide were impacted by the pandemic's breakout and the following lockdowns, travel bans, limits on people's liberty of movement, and company closures. Numerous businesses worldwide have adopted enterprise asset management solutions to manage assets, equipment, IT systems, and other resources efficiently and effectively, avoid potential hardware or machine failures, cut downtime, and maintain continuous operations. Several companies allowed remote working as part of their efforts to preserve and defend their employees' well-being following the pandemic outbreak, which resulted in a persistent demand for EAM solutions. Due to this factor, demand for enterprise asset management solutions is expected to increase notably in the forecast period.
Organizations across the world are increasingly concerned about data security at the time of implementation of an advanced IT or cloud-based EAM solution. Several manufacturing organizations wanting to improve business efficiency, asset management, and industrial operations believe security and compliance as the main barriers restricting the deployment of EAM solutions. For instance, in October 2022, Oracle launched an asset-based customer service for Oracle Fusion Cloud Applications Package to assist organizations in improving service effectiveness and customer experience.
Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/enterprise-asset-management-market-report
Enterprise Asset Management Market Report Highlights
The cloud service segment is anticipated to emerge as the fastest-growing solution segment over the forecast period. Organizations that want to control customer and company information security tend to prefer the on-premises version of EAM. A company's internal IT team is responsible for setting up, hosting, and managing this deployment
The small & medium enterprise segment is anticipated to emerge as the fastest-growing solution segment from 2023-2030. SMEs are starting to invest in cloud-based EAM software and transition to upgraded solutions. It has a low initial investment requirement, enables users to manage assets remotely, and allows for mobile usage, giving workers more freedom in their jobs
The government segment is anticipated to emerge as the fastest-growing solution segment over the forecast period. Government organizations can boost accountability and transparency throughout the entire organization and extend the life of their most valuable assets by implementing EAM software
The APAC market is estimated to be the fastest-growing segment, offering lucrative growth opportunities for the industry players. Businesses in APAC countries such as India still in the development stage are focusing on globalization to build a regional economic outlook and get traction in the local EAM market
Enterprise Asset Management Market Segmentation
Grand View Research has segmented the global enterprise asset management market based on deployment, enterprise size, end use, and region.
Enterprise Asset Management (EAM) Deployment Outlook (Revenue, USD Million; 2018 - 2030)
Cloud
On-premise
Enterprise Asset Management (EAM) Enterprise Size Outlook (Revenue, USD Million; 2018 - 2030)
Large Enterprise
Small & Medium Enterprise
Enterprise Asset Management (EAM) End Use Outlook (Revenue, USD Million; 2018 - 2030)
Manufacturing
Facility Management
Healthcare
Education
Government
Others
Enterprise Asset Management (EAM) Regional Outlook (Revenue, USD Billion; 2018 - 2030)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
List of The Key Player in the Enterprise Asset Management Market
Aptean
AssetWorks, LLC
CGI, Inc.
IFS AB
Infor
International Business Machines (IBM) Corporation
Oracle Corporation
PcsInfinity (Asset Infinity)
Sage Group PLC
SAP SE
Browse Full Report: https://www.grandviewresearch.com/industry-analysis/enterprise-asset-management-market-report
#Enterprise Asset Management Market Size#Enterprise Asset Management Market Share#Enterprise Asset Management Market Trends
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Enterprise Asset Management Market - Forecast 2024-2030
Enterprise Asset Management Market Overview
The Enterprise Asset Management market is analyzed to grow at a CAGR of 8.1% during the forecast period to reach $4.3 billion by 2030. The major factor impacting the positive growth of the market is the adoption of cloud technologies in asset management solutions. The significant growth and adoption of new technologies such as IoT, industry 4.0, and so on are analyzed to create ample amount of opportunities for growth in enterprise asset management as they play a key role in asset tracking. Owing to the increasing demand for these advanced technologies due to the increased productivity and sustainability, a decrease in maintenance costs is set to bring down the deployment costs thereby impacting the high adoption rate and contributing to the growth of the market during the forecast period 2024-2030. Increasing adoption of advanced technologies in enterprises to assist them in tracking, assessing, managing and optimizing asset quality and reliability has created demand for enterprise asset management which is set to drive the market. The software applications such as linear assets digital, non-linear assets, field service management, assets MRO and others across various vendors. Services viz. managed services for enterprise asset management provide consistent operational management and predictable results. The managed services assist in system maintenance to keep it fully operational.
Report Coverage
The report: “Enterprise Asset Management Market Report– Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Enterprise Asset Management market By Services and Software Applications: Services (Implementation, Managed Services, Training and Support); Software Applications (Linear Assets Digital, Non-Linear Assets, Field Service Management, Assets MRO).
By Application: Government and Utilities, Oil and Gas, Manufacturing, Healthcare, Transportation, Retail, BFSI, and Others.
By Organization Size: SME, Large Enterprises.
By Geography: North America (U.S, Canada, Mexico), South America (Brazil, Argentina, Chile, Colombia and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa).
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Key Takeaways
• Transportation is the fastest-growing application in the EAM market with a CAGR of 11.47% during the forecast period.
• The growing demand to adhere to strict regulatory compliances and the presence of a major number of players such as IBM Corporation, Oracle Corporation, Infor Inc. and others have been pushing the market in this region.
• Acquisition of companies to strengthen their capabilities in the North American region is set to drive the enterprise asset management market for a number of firms.
Enterprise Asset Management Market Segment Analysis - By Rotor Type
The Assets MRO segment is set to account for the largest share in 2023 and is growing at a CAGR of 7.1% in the forecast period. Assets Maintenance, Repair and Operations (MRO) is provided for asset-intensive industries for the purpose of fixing and replacing the assets. Assets MRO are widely adopted by organizations as they lead to cost reduction, primarily costs related to freight, loading, unloading, warehousing, service and maintenance fees, and inventory management costs. MRO also majorly focuses on supply and vendor support by evaluating the contracts directly with the manufacturer or with a distributor. Enterprise asset management plays a key role in the assets MRO application as it involves the maintenance, disposal, replacement and operation of the entire lifecycle including design, installation and procurement. In most organizations, MRO accounts for a significant share of the annual procurement budget, and MRO inventory includes everything in the infrastructure or organization including cleaning, laboratory and office supplies industrial equipment and plant upkeep supplies. The integration of EAM software along with the Asset MRO application has led to improved inventory procurement and management by analyzing the demand for the materials. Therefore, as asset MRO software applications are widely used in the asset-intensive industries it has led to enhance the growth of the enterprise asset management market.
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Enterprise Asset Management Market Segment Analysis - By Application
Transportation sector is expected to witness the highest CAGR of 11.5% in the forecast period. There has been increasing focus on the adoption of EAM solutions in the transportation industry as there is increasing pressure to control costs and maximize return on assets. In 2023, Manufacturing held a major share of 20.76% in the Enterprise asset management (EAM) market in terms of revenue owing to an increase in the adoption of automation technology in those industries. For instance, in March 2022, the innovative cloud-based enterprise asset management (EAM) solution Aptean EAM is now available for manufacturing and other companies whose production is dependent on sophisticated machinery. Aptean is a worldwide supplier of mission-critical enterprise software solutions. The new solution offers enhanced enterprise resource planning (EAM) functionality in addition to operating as a stand-alone computerized maintenance management system (CMMS). Aptean company strengthened its position in the manufacturing sector with the transition of global enterprises towards industry 4.0 and smart manufacturing. This is poised to drive the market.
Enterprise Asset Management Market Segment Analysis - By Geography
APAC is witnessing the fastest growth rate with a CAGR of around 10.1% during the forecast period 2024 to 2030 owing to high investments and growing deployment of automation technology. For instance, Geographically, in 2023, North America held a major share of 31.9% in the Enterprise Asset Management market in terms of revenue owing to the high adoption of automation and other advanced technologies. For instance, in November 2023, the acquisition of Nuvolo, a leader in contemporary cloud-based linked workplace and enterprise asset management products and solutions, was finalized by Trane Technologies, a global innovation in climate change. The acquisition broadens Trane Technologies' digital and software-as-a-service (SaaS) offerings in response to the rapidly increasing market for asset management and contemporary workplace solutions. Utilizing a single solution, Nuvolo Connected Workplace, which is based on the ServiceNowTM Platform, assists clients in modernizing facilities management, optimizing spaces, and managing the whole lifespan of organizational assets.
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Enterprise Asset Management Market Drivers
Increasing adoption of EAM solutions in end users such as oil and gas, manufacturing and others
In the Oil and Gas industry, there has been growing adoption of EAM solutions for various applications such as providing on-shore offshore data replication for real-time asset visibility, service management of oil field equipment, and project management. EAM is used to leverage big data for gaining significant insights from structured and unstructured data. In the Oil and Gas industry, communication and transparency help the supply chain which assists the business in understanding every facet of the extraction and production cycle. Additionally, the growing adoption of EAM solutions in the manufacturing sector boosts the demand of the market. With the emergence of Industry 4.0, maintenance has become a crucial part and companies have started to assess the advanced technologies to assist them go beyond traditional run-to-failure and preventive maintenance approaches. The digitization of asset management and raid development in technologies such as edge devices, SaaS-based tools, and others resulted in a significant increase in the adoption of EAM solutions in oil and gas and other manufacturing industries.
Growing demand for cloud-based EAM solutions
As the on-premise deployment of enterprise asset management solutions involves high capital investment and time, there has been a shift in focus toward the cloud-based deployment of EAM solutions. On-premise mode of implementation requires enterprises to make significant investments in finding the right servers, communication infrastructure, storage devices, and others. Furthermore, it requires skilled professionals in order to maintain the functioning of the system. On the other hand, cloud-based EAM solutions require little hardware which set to drive the market. Additionally, deployment of cloud-based EAM provides more reliability over on-premise mode more reliability with a cloud-based system as manual upgrades and installation of new features aren’t required. It also provides high data security and easy maintenance. These solutions make it easier for enterprises to gain business intelligence and optimize the use and value of enterprise asset management software and solutions, thereby driving the market.
Enterprise Asset Management Market Challenges
Security and Confidentiality Concerns
With the increasing digitization, there has been a significant rise in cyber-attacks. Therefore, data security has become a major challenge in small, medium, and large-sized enterprises. Implementation of new advanced digital technologies has become increasing and making their data vulnerable to risks. There is a substantial rise in cyber-security concerns with the transfer of data or information from the field to the cloud, as malicious ransomware can attack servers, networks, and communication channels, thereby restricting the growth of the market. Many companies are developing digital twin solutions in order to test and build various types of equipment for a virtual environment and predict asset conditions, and unplanned failure. They can reveal elements of Intellectual Property (IP), including details of automation and control systems operations. Therefore, service organizations from highly regulated industries restrict to adoption of modern enterprise asset management solutions, thereby hampering the growth of the market. Additionally, the adoption of cloud-based EAM solutions is an expensive approach. EAM cloud-based solutions can end up costing more than the one-off perpetual license fee expected with an on-premise solution. Subscription costs can add up with cloud-based EAM solutions. When the business expands, cloud-based software grows in capabilities, which results in extra costs. This is the major challenge that hampers the growth of the market. Data security is a major concern across organizations as data loss may cost the company a heavy amount and could reduce the brand image of the organization. Besides, if the implemented solution fails to address any of the parameters, it would impact the daily operations of enterprises and affect their workforce productivity, which may result in further capital loss, which hampers the market.
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Enterprise Asset Management Market Landscape
Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Enterprise Asset Management market. Enterprise Asset Management's top companies include International Business Machines Corporation (IBM), SAP SE, Infor Pvt Ltd, Aveva Group, IFS AB, CGI Group, Intelligent Process Solutions, ABS Group, Wipro, Hexagon AB and Oracle Corporation among others
Acquisitions/Product Launches
• In August 2023, the developer of an AI-based time-series data analytics tool, Falkonry, has agreed to be acquired by enterprise resource planning (ERP) software provider IFS to expand its enterprise asset management (EAM) services offering.
• In April 2023, Trimble announced the launch of its newest enterprise asset management system to assist electric utilities worldwide in improving their operational performance and service reliability. Because Trimble Unity® AMS is based on Trimble's industry-leading Cityworks® enterprise asset management platform, utilities can use it to manage the full lifetime of their asset infrastructure, from construction and permits to operations, maintenance, and replacement.
#Enterprise Asset Management Market#Enterprise Asset Management Market size#Enterprise Asset Management industry#Enterprise Asset Management Market share#Enterprise Asset Management top 10 companies#Enterprise Asset Management Market report#Enterprise Asset Management industry outlook
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Enterprise Asset Management Market Outlook On The Basis Of Deployment, Enterprise Size, End-Use, Region And Forecast to 2030: Grand View Research Inc.
San Francisco, 1 Sep 2023: The Report Enterprise Asset Management Market Size, Share & Trends Analysis Report By Deployment (Cloud, On-premise), By Enterprise Size (Large Enterprise, Small & Medium Enterprise), By End-use, By Region, And Segment Forecasts, 2022 – 2030 The global enterprise asset management market size is estimated to reach USD 19.68 billion by 2030, according to a new study by…
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#Enterprise Asset Management Industry#Enterprise Asset Management Market#Enterprise Asset Management Market 2023#Enterprise Asset Management Market 2030#Enterprise Asset Management Market Revenue#Enterprise Asset Management Market Share#Enterprise Asset Management Market Size
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#global#Enterprise Asset Management Market#Enterprise Asset Management Market size#Enterprise Asset Management Market share#Enterprise Asset Management Market growth#Enterprise Asset Management Market forecast
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A Guide for Local Business Owners
Running a local business can be both exciting and challenging. Whether you're just starting out or looking to grow, understanding key strategies is essential for success. This guide will cover important aspects to help you thrive in your community.
How Do I Make My Local Business Successful?
Know Your Customers: Understand who your target audience is. Use surveys or social media to gather insights about their preferences and needs. Tailoring your offerings can make a big difference.
Build Your Brand: Your brand is your business identity. Create a memorable logo and consistent messaging that reflects your values. A strong brand helps you stand out in a crowded market.
Leverage Digital Marketing: Having an online presence is crucial. Use social media to connect with customers and local SEO strategies to increase your visibility. Consider partnering with a professional SEO service to boost your online reach.
Engage with the Community: Being active in your local area can attract customers. Sponsor events or collaborate with other businesses to build goodwill and increase brand awareness.
Prioritize Customer Service: Exceptional service keeps customers coming back. Train your staff to provide a positive experience and actively seek customer feedback to improve.
How to Value a Business: A Simple Guide
Asset-Based Valuation: Calculate the total value of your assets (like inventory and equipment) and subtract your liabilities to determine your net worth.
Earnings Multiplier: Look at your average annual earnings and multiply it by an industry-specific multiplier. This can give you an estimate of your business's worth.
Market Comparison: Research recent sales of similar businesses in your area to gauge what buyers are willing to pay.
What Do Local Business Owners Want?
Increased Customers: Attracting more foot traffic is a priority. Effective marketing strategies are essential for this.
Financial Stability: Many aim for consistent cash flow and profitability. They value resources and tips for financial management.
Networking Opportunities: Building relationships with other local businesses can lead to valuable partnerships and referrals.
Support and Resources: Access to training and mentorship can help business owners navigate challenges effectively.
How Do You Attract Customers?
Optimize Your Online Presence: Ensure your website is user-friendly and mobile-responsive. Use local SEO techniques to improve your search rankings.
Utilize Social Media: Engage with your community on platforms like Facebook and Instagram. Share promotions, updates, and showcase your products.
Offer Promotions: Limited-time discounts can entice new customers. Consider implementing a loyalty program to reward repeat business.
Encourage Reviews: Positive reviews can greatly influence potential customers. Ask satisfied clients to leave feedback on platforms like Google and Yelp.
Conclusion
Running a successful local business takes effort and commitment. By knowing your market, valuing your business correctly, and effectively attracting customers, you can create a thriving enterprise. Your community is your greatest asset—engage with it, and watch your business flourish! For professional assistance in enhancing your online presence, reach out to a reliable SEO service
#local seo#seo strategy#seo expert#seo specialist#Local caitation#local citations#backlinks#professional seo services#on page seo#off page optimization#technical seo#A Guide for Local Business Owners
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How to Manage Risks in Investment Banking and Why Is It Important?
Institutional investors and organizations wanting to acquire another business entity depend on investment banking services. Therefore, IB professionals must manage risks associated with the large transactions involved in mergers and acquisitions (M&A) deals. Likewise, their work concerning initial public offerings (IPOs) must overcome market uncertainties. This post will discuss how to manage risks in investment banking.
What is Investment Banking (IB)?
Investment banking is a category of financial services encompassing capital market insights, valuation, mergers, and acquisitions. Besides, issuing IPOs or securing significant debt financing becomes more manageable via investment banking services.
An investment banker knows how to assess market conditions to predict if a company’s IPO will succeed. As a market maker, he must also prepare strategies to mitigate IPO under-subscription risks. Professional underwriting services offered by IBs make them attractive to institutional investors.
High net-worth individuals (HNWI) have benefitted from IB support, like some private banking solutions though the scope is more extensive. Moreover, some IBs specialize in enabling municipal corporations and public-private partnerships (PPPs) to fund infrastructure development projects.
What is Risk Management in Banking and Financial Investment?
Risk management emphasizes protecting assets from loss by identifying and avoiding risky characteristics in an investment strategy or business merger. However, professionals who offer private banking solutions or collaborate with investment bankers understand the risk-reward correlation.
You cannot erase all risks since most uncertainties emerge from external factors. Instead, institutions and HNWI employ investment banking services to minimize the losses. For example, holistic performance data allows more reliable stock screening.
An enterprise can engage in accounting manipulation or unlawful business practices. So, investing in it increases legal and financial risks for investors. Also, an organization that acquires this firm will hurt its brand reputation, investor trust, governance, and consumer loyalty. Therefore, detailed investment research reports are integral to due diligence in portfolio risk management.
What Are the Investment Banking Risks?
1| Risks Arising from Market Dynamics
Market risk or macro risk is inevitable. Investment banking risks comprise many market risks. Variations in investor sentiments, inflation, exchange rates, and interest rates increase the risk. So, reliable investment banking services predict these dynamics to manage macro risks efficiently.
For example, equity risk affects stocks, reflecting supply-demand variations. If shares lose value fast, IB professionals and their clients must handle increased financial challenges.
Interest rate risks involve governments, public-private entities, or global corporations issuing bonds. Besides, private banking solutions offer extensive access to debt capital markets (DCMs) susceptible to interest rate risks.
Likewise, investment banking professionals must understand and manage currency risks. This requirement affects investors with global portfolio coverage. After all, shifts in currency exchange rates have ripple effects across various business and finance operations.
2| Liquidity Risks in Investment Banking
Liquidity risks imply you cannot sell your investment to gain a profit. Investors require a lot of formalities to withdraw funds if the need arises. Therefore, they settle for less money and sell the investment. However, the selling route is conditionally available because some assets or legal situations can restrict this option.
3| Concentration Risks
Concentration risks increase when an investor puts all the funds in one investment class. Investment banking services also implement diversification strategies to manage concentration risks. Similarly, private banking solutions assist HNWI in diversifying their investments. To overcome concentration risks, they want to distribute their investable corpus across different sectors and geographies.
4| Reinvestment Risks
When reinvesting, investors might lose capital resources and experience a low return on investment (ROI). This threat is one of the reinvestment risks in investment banking. For example, an investor might purchase a high ROI bond today.
In the future, the interest rates can decrease. Therefore, the investor must reinvest the regular interest payments at lower returns. This risk also extends to bonds that expire. Reputable private banking solutions can evaluate such risks to help their clients.
5| Credit Risk
Credit risk refers to the inability of the borrower to meet the repayment obligations originating from a debt-driven financial relationship. Imagine an organization or government entity failing to fulfill the interest requirements associated with the bonds they had issued. So, the investors who bought these bonds must analyze credit risks.
Many investment banking services help clients with credit research and risk assessment. A business can get a AAA credit rating when the credit risks are fewer. Corporate credit rating is the enterprise version of individuals’ credit scores.
6| Inflation Risk
Inflation risk means investors lose buying power because their investments’ ROIs fail to defeat the inflation rate. Remember, inflation makes it difficult to acquire the same goods and services that an individual, organization, or investor could have purchased a while back. If you have cash or debt investments like bonds, this financial threat significantly affects you.
However, corporations can introduce price hikes to respond to high inflation rates. This situation adversely affects customers’ willingness to consume what the company offers. Yet, price hikes highlight how shares protect investors from inflationary risks in investment and banking.
7| Lifespan Risks
Humans live for a limited time. This fact proves the existence of lifespan risks, and private banking solutions recognize its implications. If an investor outlives his investments, he must identify new income streams.
Consider the retired professionals. They are more likely to experience lifespan risks. These risks also apply to HNWIs and their family members. Therefore, multi-generational wealth management solutions in private banking are vital for these investor categories.
8| Foreign Investment Risks and Nationalization
Investors can experience financial problems when investing in overseas assets. Payment complications and complying with different accounting standards are some of these challenges. Besides, governments in certain countries have a track record of nationalizing private companies.
How to Manage Risks in Investment Banking
1| Portfolio Diversification
Investment banking services guide enterprises in analyzing companies before business mergers. This analysis also determines whether an M&A deal or leveraged buyout contributes to diversification. It is portfolio diversification when investors allocate their financial resources across different assets and companies in distinct industries.
Therefore, institutional investors, international organizations, and HNWIs can mitigate the concentration risks. If an asset’s ROI decreases, the final performance of your portfolio will remain safe from tremendous losses.
For example, private banking solutions let HNWIs invest in different geographies. They also facilitate multi-industry stock screening and fund selection strategies.
2| Correlation and Optimization
If all the stocks and bonds move in one direction, the assets are linked or correlated. So, investors and fund managers deliberately choose asset classes that perform in different directions. i.e., some poor-performing assets can appreciate in a macroeconomic event disrupts the well-performing assets.
You also want to target different markets to secure your investments from market risks. If one market exhibits significant volatility, investments concerning other markets will be relatively safer.
3| Data-Driven Investment Strategies
Predictive financial modeling will alert investors to investment banking risks. After all, this era has proved how artificial intelligence (AI) adds value to conventional investment research services. Integrating data and analytical insight extraction allows intuitional investors and HNWIs to make informed decisions on stock selection.
Moreover, financial analytics offer cross-verification of valuation reports and legal compliance disclosures. These documents are essential to successful M&A negotiations.
4| Policy Intelligence
Regulatory bodies governing banking, financial services, and insurance (BFSI) companies revise laws. These policy and regulation revisions often change the risk dynamics of investment management. Some private banking solutions monitor these changes for their clients.
Acquiring and processing data on government expectations in different nations helps manage foreign investment risks. Simultaneously, high-quality investment research reports can forecast market movements using policy intelligence.
Conclusion
Investment banking risks result from macro factors like economic crisis, inflation, and regulatory revisions. Likewise, incorrectly managed investor portfolios increase risk exposure. So, strategies like diversification or data-driven decisions let funds and HNWIs prepare for market volatility.
SG Analytics, a leader in investment banking services, assists institutional investors and businesses across company screening, financial analysis, and M&A deal lifecycle. Contact us today for robust business intelligence and investment insights to optimize portfolios.
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Empowering Entrepreneurs to Achieve Success
Welcome to Pyters! We are a dedicated team of business professionals, strategists, and entrepreneurs committed to helping you turn your business dreams into reality. Our mission is to provide the guidance, resources, and community support you need to start, build, and grow a successful business.
Our Story
Pyters was founded with a simple yet powerful vision: to empower entrepreneurs at every stage of their journey. Recognizing the challenges and uncertainties that come with starting and growing a business, we set out to create a comprehensive platform that offers practical solutions and expert advice. Since our inception, we have helped countless entrepreneurs navigate the complexities of business development and achieve sustained success.
Our Mission Our mission is to inspire and support entrepreneurs by providing the tools, knowledge, and community needed to succeed. We believe that with the right resources and guidance, anyone can turn their business idea into a thriving enterprise. At Pyters, we are dedicated to being your trusted partner in every step of your entrepreneurial journey.
What We Offer
Expert Guidance Our team consists of experienced business professionals who offer personalized advice and actionable strategies to help you overcome challenges and seize opportunities.
Comprehensive Resources From market research and business planning to financial management and growth strategies, our extensive library of resources is designed to equip you with the knowledge you need to succeed.
Community Support
Join a vibrant community of like-minded entrepreneurs who share your passion and drive. Collaborate, network, and grow together with the support of fellow business owners.
Our Values
Integrity We uphold the highest standards of honesty and transparency in everything we do. Your trust is our most valuable asset, and we are committed to earning it every day.
Innovation We embrace creativity and innovation, continuously seeking new ways to provide value and stay ahead of industry trends.
Collaboration We believe in the power of collaboration and the strength of a supportive community. Together, we can achieve more.
Excellence We strive for excellence in all our endeavors, delivering high-quality resources and services that empower you to reach your business goals.
Meet the Team Our team is made up of passionate and experienced professionals who are dedicated to your success. From business strategists and financial experts to marketing gurus and customer support specialists, each member of our team brings a wealth of knowledge and expertise to help you thrive.
Join Us At Pyters, we are more than just a platform; we are a community of dreamers, doers, and achievers. Whether you are just starting out or looking to scale your business, we invite you to join us on this exciting journey. Together, we can turn your entrepreneurial dreams into a thriving reality.
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“Earth provides enough to satisfy every man's needs, but not every man's greed.” ― Mahatma Gandhi
Yesterday I highlighted the national scandal that encompasses the debt ridden, privately owned, companies that own and run Britain's water utilities.
2023 saw 10,000 hours per day of untreated raw sewage being pumped into our waterways and onto our beaches because not enough money has been invested in modernizing the largely Victorian system. Instead, these companies, many of them foreign owned, chose to pay out billions to their shareholders rather than protect the environment they are responsible for.
Today the news broke that Thames Water, Britain’s largest water utility, may go bankrupt because it of its burden of debt. In many ways the history and behaviour of Thames Water epitomises the problem with UK water companies as a whole.
Just over thirty years ago Thames water was a debt-free public utility. Mrs Thatcher, firm in her belief that private enterprise was infinitely more efficient than publicly run companies, sold shares in our water utilities to the public at large. Shares in the newly created private companies initially sold at bargain basement prices.
Selling water utility shares at well below their market value was a deliberate policy. It was part of Thatcher's strategy to create a "shareholding democracy". Unfortunately, it went disastrously wrong as “few small shareholders could resist the temptation to cash out their large profits.” (Guardian: 16/08/22)
Having undersold shares in water companies to the tune of £6bn in today’s money, the small investors resold their holdings to “private equity, institutional investors and large infrastructure firms from abroad." (ibid)
The certainty of good returns and a weak regulatory system practically guaranteed that privately owned water companies were a cash cow, and this has proved to be the case.
“…regulators have allowed returns that have been high or higher than average risky private companies, yet investors have been exposed to no more risk than government bonds. As the Financial Times puts it, 30 years on, “water privatisation looks like little more than an organised rip-off.” (Ibid)
Taking Thames Water as an example of this "organised rip-off" we find that in 2006 the German utility firm RWE, that owned Thames at the time, sold it to the Australian infrastructure asset management firm Macquarie for £4.8bn
Macquarie had a business model of borrowing against its assets (our water network)) to increase dividend payments to its shareholders. By 2017 when Macquarie sold its final shareholding, it had racked up a debt of £10bn.
In short, the blind adherence to free-market economic philosophy, (when was a water monopoly ever a free market?), the selling of essential infrastructure utilities to foreign entities, the creation of a weak regulator and the turning of a blind eye by successive governments to the year-on-year increasing debt within water companies, was bound to end in disaster.
Unfortunately, just as the public had to bail out the bankers and financiers when their greed brought down the economy, so we will be expected to pay for the greed of foreign investors in our waterways.
#uk politics#water utilities#public services#private enterprise#mrs thatcher#rip-off#debt#pollution#sewage
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FINAL BLOG
“ To learn, you have to listen. To improve, you have to try.” -Thomas Jefferson.
On the 19th day of April 2023, a lecture series program that entails valuable knowledge in innovative entrepreneurship was conducted. Different start-up ventures from various learners were proposed this academic year. Hence, to illuminate our inexperienced minds more on this entrepreneurial journey, a total of three resource speakers passionately affirmed to speak and share their informative yet inspiring insights and technical expertise.
The entire lecture series program was initially commenced by Dr. Gamaleila A. Dumancas from the Intellectual Property Technology Business Management Office of Central Mindanao University. Dr. Dumancas prepared the engaging discussion on Intellectual Property Rights and Technology Transfer. Indeed, intellectual property rights protection has a potential economic value for a wide range of assets, whether they are more contemporary or customary. These rights include copyrights, patents, and industrial design rights, which are protections against unlicensed or uncredited copying, manufacturing, or selling. With that being said, the early filing process protects the inventor from business competitors.
From the detailed talk presented by Dr. Dumancas, the team realized that any innovative and practically useful technical solution to a challenge in any area of human endeavor is essential in the field of service mark. Trademarks can be any distinguishing visual symbol that can be used to identify a company's products or services. The duration of its protection can last up to ten years from the filing date. These exclusive rights are not unchangeable, in fact, fair use can be considered a defense to use a portion of someone’s copyrighted work without the need for permission for commentary purposes. The legal defense provided to the owner of the rights to an original work is known as copyright. Owners of copyrights have the sole right to use and reproduce their creations, and the owner should be acknowledged more than only by adding a "CTTO" to the copyrighted item. By registering our trademark, we can be guaranteed the exclusive use of the phrase or emblem and eliminate the chance that our rivals may try to use it against us. The right to sue another firm that misrepresents itself as yours by using your trademark is likewise protected by registration.
The speaker, Dr. Gamaleila A. Dumancas, discussed a wide range of property rights and one thing she emphasized about numerous business owners running is the risk of having their innovations or even start-ups to be simply stolen by more powerful, well-funded competitors if the patent system were not there for protection. Its relatively social institution, which has certain social obligations and is linked to owners' legal rights, is essential for the preservation of economic potential, the protection of intellectual property rights on the market, and the growth of firms towards market success.
In the second half of the program, Professor Sheila Poonon explained in detail the discussion on “Incubating Innovation: Exploring Start-up Opportunities in the Philippines.” Prof. Poonon discussed the Musuan Peak Incubator, which is the center for technology transfer and business incubation of technologies generated in the university. In this lecture, we were notified that this provides support services to incubatees in terms of product commercialization, enterprise development, access to networks, and knowledge transfer, or what we call PEAK. In addition, Dr. Poonon also shared the successful entrepreneurs supported and guided by them, from aspiring students to successful entrepreneurs.
This lecture had a huge relevance and significance, especially since a lot of business-minded students who want to start a business in the future through incubation joined the said lecture series program. It was an overwhelming opportunity that Central Mindanao University is willing to assist those students who have high potential and the possibility of becoming successful entrepreneurs. With this thought in mind, most students have been certainly inspired to dream bigger and work harder to be one of the deserving CMUans supported by them.
Additionally in the lecture series program, it was followed by Ms. Keren Happuch Alampayan Lacadin, another diverse speaker who stated such an inspirational subject matter. She infused us with knowledge regarding the “RAISE, or Raising Awareness and Inspiring the Start-up Ecosystem." Ms. Lacadin began this informative discussion by sharing her “sugilanon" as a taga-bukid girl. We have been informed that she was raised in Quezon, Bukidnon, and she shared her experiences and opportunities with other people in the country. She began freelancing with CONVERGY'S and CONCENTRIX UPWORK from 2009 to 2013, and then launched CLEVERGRIT, a start-up business in 2014. In year 2017, she participated in a start-up weekend in Bukidnon called VXI: Passion for People, and in 2018, she worked with Clevergrit.
RAISE introduces and improves stakeholders' understanding and appreciation of basic startup ideas. It makes available, meaningful, impactful, and needs-based awareness activities that address gaps in the local start-up community. It encourages collaboration among key stakeholders in the start-up ecosystem. She then discussed DICT's and IIDB's roles in the startup community. She also informed us about RA 11337, the Innovative Start-Up Act. The team has learned that we have a Philippine law that encourages new businesses and start-up incentives and focuses on providing benefits and removing constraints to encourage the establishment and operation of innovative new businesses. Certainly, these are critical to the growth and expansion of businesses, as well as to strengthening, promoting, and developing an ecosystem of business, government, and non-government institutions that foster an innovative entrepreneurial culture in the Philippines.
Furthermore, Ms. Lacadin gave us light on the Philippine Startup 7 Challenge, a nationwide annual pitching competition for students and Filipinos to develop new and relevant ICT products and services that can also be profitable economic ventures and help solve social problems. It is remarkable to hear that it offers students the opportunity to develop their entrepreneurial attitude, improve start-up concepts through input from industry practitioners, foster strategic relationships and networks among participants and judges, and generate a pool of start-up founders prioritized for DICT financing and assistance.
What has been emphasized the most to the team was the motto of Ms. Lacadin, saying “No grit, No glory.” This phrase has been implied in our minds that success and achievement come with a cost, and that one must be willing to put in the necessary effort and endure hardships to attain them. It has been suggested that a willingness to push through difficult times, to keep going when others might give up, and to maintain a positive attitude in the face of adversity are essential qualities for success.
As the ending moments of the entrepreneurial mind journey are fast approaching, it has been quite a tough yet meaningful ride to establish a start-up business, especially when the entire team has no prior professional nor practical experience. We have proved this notion when we launched our start-up venture. We had a rocky start in our entrepreneurial adventure because the idea was too complex, too broad, and not too specific to be ventured into, and we are glad that we listened for it is undeniably so true.
Previously, the young entrepreneurs of the Mosqui-Trap venture had undergone the Business Model Canvas presentation, and constructive feedbacks and suggestions received from the highly-respected panel were all accepted and followed. As of the moment, it is still a challenge for the team regarding the concrete breakdown of the fixed and variable costs that the product will require, and so, we do not have the definite price of the Mosqui-Trap for the target market yet. As a team, we are currently persevering with the mindfulness of time to grasp the envisioned plans and outcomes that we have for our start-up business pre-recorded video. Now, it remains a work in progress, and we must act with collective minds to keep up with the final pitching presentation that we will be preparing as we are expected to be.
Now that our entrepreneurial journey is coming to an end, I have come to understand that starting a business or a start-up is not simple. There will be times when your concept will blossom but later be rejected or unable to flourish, but if someone has an entrepreneurial mentality and is willing to move forward, failure is merely the chance to start over, this time more intelligently. Similar to what happened to us, our first start-up was called "tabang," but due to unforeseen circumstances we were unable to push it and now we have a product called "mosqui-trap" as our new start-up. We may stumble once, but we shall get back up stronger. Also, what Ms. Lacadin said, "No grit, No Glory," is true because if you do not move or start your idea, no matter how nice or promising it is, it will remain an idea unless action is taken. Sure, the path may be scary and unknown, but with a little courage and a strong belief in yourself, it can take you to incredible places.
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What can facebook marketing bring to a business?
Facebook is the largest and most commonly used social media platform in the world, and it is a gathering place for corporate marketing. Many companies use Facebook to show their strength, display their products, expose their brands, and attract traffic to their websites. The following crownsoft editor will talk about the benefits of facebook marketing for enterprises in detail, hoping to be helpful to everyone.
1. Facebook can help you find top job candidates.
While questionable social media personas may weed out some candidates, Facebook has direct access to everyone who follows your brand. This visibility can attract the highest potential employees to your company.
Post job openings on your Facebook business page so people interested in working for your company are the first to know of an opportunity to join. If they're not looking for a job, they can use the "Like" and "Share" features to notify other qualified candidates who might be interested.
Regularly monitoring your Facebook Page can also help you adopt a more targeted and proactive recruiting strategy. See which customers are actively engaging with your brand. Will they post pictures or posts showing your products and services? Do your homework and reach out; you might turn a passionate fan into one of your greatest assets.
2. Facebook facilitates lead generation.
Facebook implements lead generation templates directly in its Ads Manager, the portal and hub for creating Facebook ads. These ads can automatically message customers via Facebook Messenger and then analyze the responses, helping you discover what your customers want in a relatively simple process.
This tool is a useful asset for small businesses that can generate leads without constantly monitoring Messenger or Facebook on their desktop and responding to spam accounts or soft leads.
Automated conversations make it easier for companies to connect with targeted customers, understand their interests, build email marketing contact lists, and convert prospects into paying customers.
3. Facebook's keyword search feature helps you find people or content.
Facebook's keyword search feature makes it easier and faster to find the most relevant content when you need it. It lets you search all types of posts -- status updates, photos, videos, news articles, and more -- using simple keywords, just like you would in Google Search.
To find information about a person, business, event or topic, users simply enter a simple keyword or phrase and relevant information appears. This process makes it easier to find information about business partners or network connections, even if you have limited information.
There are many benefits of facebook marketing, but the crownsoft editor will not share them with you here. If you want to know more about facebook marketing, you can find it in crownsoft.
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Types of Business Entities in Dubai: Which One is Right for You?
Types of Business Entities in Dubai
1. Sole Proprietorship
A sole proprietorship is the simplest form of business entity. It is owned and managed by a single individual who has full control over the business operations.
Key Features:
100% ownership by an individual
Low setup costs
Full liability on the owner
Suitable for freelancers and consultants
Advantages:
Easy to set up and manage
Complete control over business decisions
Minimum legal requirements
Disadvantages:
Unlimited liability on the owner
Limited scalability and funding opportunities
Best For: Professionals such as accountants, consultants, and artists who want complete control over their business.
2. Limited Liability Company (LLC)
An LLC is one of the most popular business structures in Dubai for small and medium-sized enterprises (SMEs). It offers a flexible ownership structure and limited liability protection.
Key Features:
Requires a minimum of two and a maximum of 50 shareholders
Liability is limited to each shareholder’s share in the company
Can engage in various commercial activities
A local UAE sponsor is required (owning at least 51%)
Advantages:
Limited liability for shareholders
Can operate in multiple business sectors
More credibility and trustworthiness in the UAE market
Disadvantages:
Requires a local sponsor (unless 100% foreign ownership is permitted)
Complex setup process compared to a sole proprietorship
Best For: Entrepreneurs looking for a balance between ownership control and liability protection.
3. Free Zone Company
Dubai has over 30 free zones, each catering to different industries. Free zone companies benefit from tax exemptions and full ownership.
Key Features:
100% foreign ownership
Tax benefits and duty-free imports
No need for a local sponsor
Restricted to operating within the free zone or internationally
Advantages:
No corporate or income taxes
Full repatriation of profits and capital
Fast and straightforward registration process
Disadvantages:
Limited business scope within UAE mainland
Higher operational costs compared to offshore companies
Best For: Foreign investors and startups looking for tax benefits and easy setup.
4. Offshore Company
An offshore company in Dubai is primarily used for international business operations and asset protection.
Key Features:
100% foreign ownership
No corporate taxes
No physical office required in Dubai
Cannot conduct business within the UAE
Advantages:
Excellent for tax planning and confidentiality
No mandatory audit requirements
Ideal for holding assets or international trading
Disadvantages:
Cannot operate within the UAE
Requires a registered agent to set up
Best For: Investors looking for tax benefits and confidentiality while conducting business outside the UAE.
5. Branch of a Foreign Company
A foreign company can establish a branch in Dubai to carry out its business operations.
Key Features:
No share capital requirements
100% foreign ownership allowed
Parent company bears full liability
Requires a local service agent
Advantages:
100% control over business operations
No additional tax obligations apart from parent company tax
Allows international businesses to expand easily
Disadvantages:
Parent company is liable for all debts and obligations
Needs a local service agent for registration
Best For: International companies looking to expand their business presence in Dubai.
6. Public and Private Joint Stock Companies
These are ideal for large businesses looking to raise capital through public or private investment.
Key Features:
Public Joint Stock Company (PJSC) requires at least 10 shareholders
Private Joint Stock Company (PJSC) requires at least three shareholders
Suitable for large-scale businesses
Advantages:
Ability to raise large capital from investors
Shares can be traded publicly
Strong market credibility
Disadvantages:
Complex registration and regulatory requirements
High initial capital investment
Best For: Large enterprises planning to go public or seek significant investment.
How to Choose the Right Business Structure in Dubai?
When selecting the best business entity, consider the following factors:
Ownership Preference: If you want full ownership, a free zone or offshore company is ideal.
Nature of Business: Some business activities require a specific entity, such as an LLC for trading.
Tax Benefits: Free zone and offshore companies offer attractive tax exemptions.
Liability Protection: An LLC limits liability, whereas a sole proprietorship does not.
Business Expansion Plans: If you plan to operate within Dubai’s mainland, an LLC or a branch office is recommended.
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Maximizing Business Efficiency with ERC20 Tokens
Introduction
In the ever-evolving world of digital finance, businesses are increasingly looking for innovative solutions to streamline operations and enhance efficiency. One such solution that is gaining popularity is the use of ERC20 tokens. ERC20, the standard for creating and managing tokens on the Ethereum blockchain, offers a host of benefits that can significantly improve business processes. In this blog, we’ll explore how businesses can maximize efficiency by leveraging ERC20 tokens, from simplifying transactions to enhancing transparency and reducing operational costs. Additionally, businesses can explore token creation with ERC20 to unlock even more potential in their operations.
What are ERC20 Tokens?
ERC20 tokens are digital assets created using the Ethereum blockchain, following a specific set of rules or standards. These tokens are compatible with various decentralized applications (dApps) and can be easily traded or exchanged. The ERC20 standard ensures that tokens have a uniform structure, making it easier to integrate them into different platforms and systems. The versatility of ERC20 tokens has made them a popular choice for businesses in various industries, with many opting for custom ERC20 token development to create their own digital assets.
Key Benefits of ERC20 Tokens for Businesses
Simplified TransactionsThe main benefit of ERC20 tokens enables users to perform speedy transactions at reduced costs. Traditional payment methods both demand too much time and cause excessive costs when processing borderless payments. Implementing ERC20 tokens removes the requirement for mediators thus business transactions become faster and more economical through direct exchanges.
Enhanced SecurityEthereum blockchain provides enhanced security features because it supports the development of ERC20 tokens. Security measures based on advanced cryptographic technology secure blockchain transactions which significantly minimizes fraud potential. Strong security measures serve business needs which handle important financial or transactional data.
Smart Contracts for AutomationEthereum smart contracts support the integration of ERC20 tokens to automatically execute business processes. Smart contracts execute automatically through code containing the complete agreement documentation. Human error decreases through automated processes that ensure faster operation speed when handling payments alongside agreements while managing supply chain activities.
Transparency and AccountabilityBlockchain operations run on Ethereum are decentralized which means ERC20 token transactions become permanently recorded in the public ledger. Businesses benefit from this open system design because it enables them to easily track and verify transactions thereby improving their accountability standards. This functionality stands out the most for financial and supply chain operations because they heavily rely on transparent documentation.
Lower Transaction CostsIn typical financial transactions banks demand exorbitant fees especially when a transfer reaches overseas. The lack of financial mediators between businesses using ERC20 tokens allows organizations to minimize their transaction expenses. Businesses mainly processing multiple transactions will save money when fee costs decrease.
Global AccessibilityEnd-users can obtain ERC20 tokens via the internet which enables businesses to easily target customers worldwide through digital wallets. Enterprises can benefit the most through ERC20 tokens because they can expand their new market presence as well as serve foreign clients beyond currency and regulatory barriers.
Use Cases of ERC20 Tokens in Business
Tokenized AssetsThrough tokenization businesses can turn their real estate properties as well as shares and commodities into blockchain-based assets for trading on Ethereum. The tokenization system creates investment possibilities that permit fractional asset ownership which simplifies business capital accumulation and portfolio expansion.
Customer Loyalty ProgramsERC20 tokens enable businesses to establish customer loyalty programs through which customers collect tokens for making purchases. Customers receive these digital tokens by participating in the loyalty program which enables them to exchange them for merchandise or services or alternative token or currency types. The innovative strategy produces enhanced customer interaction while improving the company's product worth.
Fundraising through Initial Coin Offerings (ICOs)The ERC20 token serves as a funding tool during Initial Coin Offerings (ICO) which functions as a preferred method to launch cryptocurrency ventures. Businesses conducting ICOs through ERC20 token issuance obtain funding from investors who will obtain future access to their platform or product.
Supply Chain ManagementA process improvement for supply chain management occurs through ERC20 token integration. Through blockchain transparency businesses gain visibility into goods movements and product authenticity verification thus they minimize supply chain fraud while strengthening trust relationships.
Challenges to Consider
The advantages of ERC20 tokens exist despite the fact that organizations need to tackle specific difficulties. Network congestion on Ethereum affects transaction processing times whenever there is heightened network activity. Businesses need to follow local regulations that govern cryptocurrency usage and tokenized assets since these regulations have different requirements in various jurisdictions.
Conclusion
Business efficiency reaches maximum levels when ERC20 tokens are implemented because they open multiple avenues for innovation and business expansion. The ERC20 token framework provides business infrastructure which delivers lower transaction expenses while improving protection standards and engineered automation systems and worldwide availability that enables operational excellence and higher operational efficiency. The expanding adoption of blockchain technology makes incorporating ERC20 tokens a potential business opportunity that may define market success in competitive markets.
Businesses which implement ERC20 tokens and ERC20 token development services make a step toward future readiness and discover innovative ways to boost operational effectiveness and open new possibilities.
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Enterprise Asset Management Market - Forecast 2024-2030
Enterprise Asset Management Market Overview
The Enterprise Asset Management market is analyzed to grow at a CAGR of 8.1% during the forecast period to reach $4.3 billion by 2030. The major factor impacting the positive growth of the market is the adoption of cloud technologies in asset management solutions. The significant growth and adoption of new technologies such as IoT, industry 4.0, and so on are analyzed to create ample amount of opportunities for growth in enterprise asset management as they play a key role in asset tracking. Owing to the increasing demand for these advanced technologies due to the increased productivity and sustainability, a decrease in maintenance costs is set to bring down the deployment costs thereby impacting the high adoption rate and contributing to the growth of the market during the forecast period 2024-2030. Increasing adoption of advanced technologies in enterprises to assist them in tracking, assessing, managing and optimizing asset quality and reliability has created demand for enterprise asset management which is set to drive the market. The software applications such as linear assets digital, non-linear assets, field service management, assets MRO and others across various vendors. Services viz. managed services for enterprise asset management provide consistent operational management and predictable results. The managed services assist in system maintenance to keep it fully operational.
Report Coverage
The report: “Enterprise Asset Management Market Report– Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Enterprise Asset Management market
By Services and Software Applications: Services (Implementation, Managed Services, Training and Support); Software Applications (Linear Assets Digital, Non-Linear Assets, Field Service Management, Assets MRO).
By Application: Government and Utilities, Oil and Gas, Manufacturing, Healthcare, Transportation, Retail, BFSI, and Others.
By Organization Size: SME, Large Enterprises.
By Geography: North America (U.S, Canada, Mexico), South America (Brazil, Argentina, Chile, Colombia and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa).
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Key Takeaways
• Transportation is the fastest-growing application in the EAM market with a CAGR of 11.47% during the forecast period.
• The growing demand to adhere to strict regulatory compliances and the presence of a major number of players such as IBM Corporation, Oracle Corporation, Infor Inc. and others have been pushing the market in this region.
• Acquisition of companies to strengthen their capabilities in the North American region is set to drive the enterprise asset management market for a number of firms.
Enterprise Asset Management Market Segment Analysis - By Rotor Type
The Assets MRO segment is set to account for the largest share in 2023 and is growing at a CAGR of 7.1% in the forecast period. Assets Maintenance, Repair and Operations (MRO) is provided for asset-intensive industries for the purpose of fixing and replacing the assets. Assets MRO are widely adopted by organizations as they lead to cost reduction, primarily costs related to freight, loading, unloading, warehousing, service and maintenance fees, and inventory management costs. MRO also majorly focuses on supply and vendor support by evaluating the contracts directly with the manufacturer or with a distributor. Enterprise asset management plays a key role in the assets MRO application as it involves the maintenance, disposal, replacement and operation of the entire lifecycle including design, installation and procurement. In most organizations, MRO accounts for a significant share of the annual procurement budget, and MRO inventory includes everything in the infrastructure or organization including cleaning, laboratory and office supplies industrial equipment and plant upkeep supplies. The integration of EAM software along with the Asset MRO application has led to improved inventory procurement and management by analyzing the demand for the materials. Therefore, as asset MRO software applications are widely used in the asset-intensive industries it has led to enhance the growth of the enterprise asset management market.
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Enterprise Asset Management Market Segment Analysis - By Application
Transportation sector is expected to witness the highest CAGR of 11.5% in the forecast period. There has been increasing focus on the adoption of EAM solutions in the transportation industry as there is increasing pressure to control costs and maximize return on assets. In 2023, Manufacturing held a major share of 20.76% in the Enterprise asset management (EAM) market in terms of revenue owing to an increase in the adoption of automation technology in those industries. For instance, in March 2022, the innovative cloud-based enterprise asset management (EAM) solution Aptean EAM is now available for manufacturing and other companies whose production is dependent on sophisticated machinery. Aptean is a worldwide supplier of mission-critical enterprise software solutions. The new solution offers enhanced enterprise resource planning (EAM) functionality in addition to operating as a stand-alone computerized maintenance management system (CMMS). Aptean company strengthened its position in the manufacturing sector with the transition of global enterprises towards industry 4.0 and smart manufacturing. This is poised to drive the market.
Enterprise Asset Management Market Segment Analysis - By Geography
APAC is witnessing the fastest growth rate with a CAGR of around 10.1% during the forecast period 2024 to 2030 owing to high investments and growing deployment of automation technology. For instance, Geographically, in 2023, North America held a major share of 31.9% in the Enterprise Asset Management market in terms of revenue owing to the high adoption of automation and other advanced technologies. For instance, in November 2023, the acquisition of Nuvolo, a leader in contemporary cloud-based linked workplace and enterprise asset management products and solutions, was finalized by Trane Technologies, a global innovation in climate change. The acquisition broadens Trane Technologies' digital and software-as-a-service (SaaS) offerings in response to the rapidly increasing market for asset management and contemporary workplace solutions. Utilizing a single solution, Nuvolo Connected Workplace, which is based on the ServiceNowTM Platform, assists clients in modernizing facilities management, optimizing spaces, and managing the whole lifespan of organizational assets.
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Enterprise Asset Management Market Drivers
Increasing adoption of EAM solutions in end users such as oil and gas, manufacturing and others
In the Oil and Gas industry, there has been growing adoption of EAM solutions for various applications such as providing on-shore offshore data replication for real-time asset visibility, service management of oil field equipment, and project management. EAM is used to leverage big data for gaining significant insights from structured and unstructured data. In the Oil and Gas industry, communication and transparency help the supply chain which assists the business in understanding every facet of the extraction and production cycle. Additionally, the growing adoption of EAM solutions in the manufacturing sector boosts the demand of the market. With the emergence of Industry 4.0, maintenance has become a crucial part and companies have started to assess the advanced technologies to assist them go beyond traditional run-to-failure and preventive maintenance approaches. The digitization of asset management and raid development in technologies such as edge devices, SaaS-based tools, and others resulted in a significant increase in the adoption of EAM solutions in oil and gas and other manufacturing industries.
Growing demand for cloud-based EAM solutions
As the on-premise deployment of enterprise asset management solutions involves high capital investment and time, there has been a shift in focus toward the cloud-based deployment of EAM solutions. On-premise mode of implementation requires enterprises to make significant investments in finding the right servers, communication infrastructure, storage devices, and others. Furthermore, it requires skilled professionals in order to maintain the functioning of the system. On the other hand, cloud-based EAM solutions require little hardware which set to drive the market. Additionally, deployment of cloud-based EAM provides more reliability over on-premise mode more reliability with a cloud-based system as manual upgrades and installation of new features aren’t required. It also provides high data security and easy maintenance. These solutions make it easier for enterprises to gain business intelligence and optimize the use and value of enterprise asset management software and solutions, thereby driving the market.
Enterprise Asset Management Market Challenges
Security and Confidentiality Concerns
With the increasing digitization, there has been a significant rise in cyber-attacks. Therefore, data security has become a major challenge in small, medium, and large-sized enterprises. Implementation of new advanced digital technologies has become increasing and making their data vulnerable to risks. There is a substantial rise in cyber-security concerns with the transfer of data or information from the field to the cloud, as malicious ransomware can attack servers, networks, and communication channels, thereby restricting the growth of the market. Many companies are developing digital twin solutions in order to test and build various types of equipment for a virtual environment and predict asset conditions, and unplanned failure. They can reveal elements of Intellectual Property (IP), including details of automation and control systems operations. Therefore, service organizations from highly regulated industries restrict to adoption of modern enterprise asset management solutions, thereby hampering the growth of the market. Additionally, the adoption of cloud-based EAM solutions is an expensive approach. EAM cloud-based solutions can end up costing more than the one-off perpetual license fee expected with an on-premise solution. Subscription costs can add up with cloud-based EAM solutions. When the business expands, cloud-based software grows in capabilities, which results in extra costs. This is the major challenge that hampers the growth of the market. Data security is a major concern across organizations as data loss may cost the company a heavy amount and could reduce the brand image of the organization. Besides, if the implemented solution fails to address any of the parameters, it would impact the daily operations of enterprises and affect their workforce productivity, which may result in further capital loss, which hampers the market.
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Enterprise Asset Management Market Landscape
Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Enterprise Asset Management market. Enterprise Asset Management's top companies include International Business Machines Corporation (IBM), SAP SE, Infor Pvt Ltd, Aveva Group, IFS AB, CGI Group, Intelligent Process Solutions, ABS Group, Wipro, Hexagon AB and Oracle Corporation among others
Acquisitions/Product Launches
• In August 2023, the developer of an AI-based time-series data analytics tool, Falkonry, has agreed to be acquired by enterprise resource planning (ERP) software provider IFS to expand its enterprise asset management (EAM) services offering.
• In April 2023, Trimble announced the launch of its newest enterprise asset management system to assist electric utilities worldwide in improving their operational performance and service reliability. Because Trimble Unity® AMS is based on Trimble's industry-leading Cityworks® enterprise asset management platform, utilities can use it to manage the full lifetime of their asset infrastructure, from construction and permits to operations, maintenance, and replacement.
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How Reliable IT Solutions Drive Efficiency and Productivity for Businesses
In today’s fast-paced, technology-driven world, businesses face increasing pressure to stay competitive, optimize their operations, and deliver exceptional customer experiences. Whether you're a startup or an established enterprise, the key to achieving these goals lies in how effectively your company leverages technology. Reliable IT solutions play a crucial role in driving business efficiency and productivity, enabling organizations to streamline processes, enhance collaboration, and make better-informed decisions.
In this blog, we’ll explore how reliable IT solutions are essential for modern businesses and the various ways they can improve efficiency and productivity.
1. Automation of Routine Tasks
One of the most significant ways reliable IT solutions contribute to business efficiency is through the automation of routine tasks. Repetitive, time-consuming tasks, such as data entry, scheduling, invoicing, and inventory management, can all be automated with the right software solutions.
For example, enterprise resource planning (ERP) systems or customer relationship management (CRM) tools can automate the management of customer data, sales pipelines, and order processing. By automating these processes, businesses reduce the chances of human error, save valuable time, and free up employees to focus on higher-value tasks that require critical thinking and creativity.
Moreover, automating routine tasks ensures consistency and speed, leading to fewer delays and bottlenecks, resulting in overall productivity improvements across the organization.
2. Streamlined Communication and Collaboration
In a business environment where remote work, hybrid teams, and international collaborations have become the norm, communication and collaboration are paramount. Reliable IT solutions, such as cloud-based collaboration tools, video conferencing software, and instant messaging platforms, make it easier for teams to communicate, share documents, and collaborate in real time, no matter where they are located.
For instance, tools like Microsoft Teams, Slack, or Google Workspace enable teams to stay connected, share project files, and collaborate on documents without the need for constant email exchanges. This reduces friction, improves information flow, and speeds up decision-making processes.
Furthermore, collaboration tools with integrated task management features, such as Asana or Trello, allow teams to assign tasks, set deadlines, and track progress. This leads to better project management and ensures that everyone is aligned with the organization’s goals, reducing the chances of miscommunication and missed deadlines.
3. Enhanced Data Management and Analytics
Data is a business's most valuable asset, but only if it is managed properly. Reliable IT solutions enable businesses to store, organize, and analyze vast amounts of data efficiently. Implementing cloud storage solutions and big data analytics platforms gives businesses access to secure, scalable, and cost-effective data management systems.
With these solutions in place, companies can collect and analyze real-time data to identify trends, improve decision-making, and drive strategic initiatives. For example, using analytics tools like Google Analytics, Power BI, or Tableau, businesses can track performance metrics, customer behavior, and market trends, allowing them to optimize their operations.
By analyzing data patterns, companies can identify inefficiencies and areas for improvement, whether it's in supply chain management, customer service, or marketing campaigns. This data-driven approach not only helps businesses make informed decisions but also drives long-term growth and competitive advantage.
4. Improved Customer Service and Support
In today’s business environment, exceptional customer service is a critical factor for success. Reliable IT solutions can significantly enhance the customer experience, leading to higher satisfaction and retention rates.
For instance, customer support software like Zendesk or Freshdesk allows businesses to manage and respond to customer queries efficiently. These platforms provide tools for ticket management, live chat, and automated responses, enabling faster resolution times and improving the overall customer experience.
Additionally, chatbots powered by AI can automate responses to frequently asked questions, provide instant support, and even guide customers through self-service options. This not only improves customer satisfaction but also helps businesses reduce the workload on support teams, enabling them to focus on more complex issues.
5. Scalability and Flexibility
As businesses grow, their IT needs evolve. One of the key benefits of reliable IT solutions is that they are often designed with scalability in mind. This means that as your business expands, your technology infrastructure can grow with it without requiring a complete overhaul.
For example, cloud computing solutions provide scalable infrastructure where businesses can easily add or remove resources, such as storage or processing power, based on their current needs. This flexibility ensures that businesses only pay for what they use, reducing unnecessary costs while providing the capacity to handle higher volumes of data or customers.
Scalable IT solutions also make it easier to integrate new software tools or technologies as your business diversifies or enters new markets. This adaptability ensures that your business remains agile and can respond quickly to changing market conditions, keeping you ahead of the competition.
6. Security and Risk Management
Security is a top priority for any business, especially as cyber threats continue to evolve. A reliable IT infrastructure includes robust security measures that protect sensitive data, prevent unauthorized access, and ensure compliance with industry regulations.
For example, firewalls, encryption, multi-factor authentication (MFA), and regular security audits can help safeguard your systems from potential breaches. Reliable IT solutions ensure that your business remains secure, minimizing the risks of data loss, financial fraud, or reputational damage.
Moreover, these solutions can help businesses stay compliant with industry standards and government regulations, such as GDPR, HIPAA, or PCI DSS, which can be particularly important in industries like healthcare, finance, and e-commerce.
A strong security framework builds trust with your customers, partners, and stakeholders, knowing that their data is protected. This ultimately enhances your reputation and minimizes business risks, leading to smoother operations and increased productivity.
7. Reduced IT Downtime and Improved Reliability
A reliable IT infrastructure is one that operates seamlessly and with minimal downtime. Unplanned IT outages or disruptions can have a significant negative impact on business operations, leading to lost revenue, customer dissatisfaction, and damage to your brand.
Investing in managed IT services and cloud solutions ensures that your systems are monitored 24/7, and proactive measures are taken to address potential issues before they become problems. For example, cloud-based solutions are typically more reliable than on-premises systems because they come with built-in redundancies, automatic updates, and failover mechanisms.
This constant monitoring and quick response times minimize IT downtime and keep your operations running smoothly, ensuring that employees can work without interruptions and that customers can access your services without delays.
8. Cost Efficiency and Resource Optimization
Reliable IT solutions contribute to cost savings in multiple ways. By automating processes, improving data management, and reducing the need for manual labor, businesses can save significant amounts of time and money. Moreover, cloud computing eliminates the need for expensive on-premises hardware and infrastructure, reducing maintenance costs.
Reliable IT systems also enable businesses to optimize their resources. For example, through cloud-based collaboration tools and remote work solutions, companies can reduce the need for physical office spaces, allowing employees to work remotely and cut down on overhead costs.
By focusing on IT solutions that drive efficiency, businesses can do more with fewer resources, improving their bottom line while still providing top-notch services and products to customers.
9. Fostering Innovation
Lastly, reliable IT solutions foster innovation. With a solid technological foundation, businesses are free to experiment with new ideas and technologies. Whether it’s adopting artificial intelligence (AI), machine learning (ML), or blockchain, reliable IT systems make it easier to integrate emerging technologies that can unlock new revenue streams, optimize operations, and improve customer experiences.
For instance, AI-driven solutions can automate complex tasks, analyze large datasets, and even make predictive recommendations, which can open up new business opportunities and increase efficiency in existing processes.
Conclusion
In an increasingly digital world, businesses must rely on reliable IT solutions to drive efficiency, productivity, and long-term success. From automating routine tasks to enhancing communication, improving data management, and bolstering security, these solutions are essential for staying competitive and agile. By investing in robust IT infrastructure, companies can streamline their operations, reduce costs, and create an environment conducive to innovation and growth.
In the end, businesses that leverage technology effectively are better positioned to meet customer needs, expand their reach, and achieve sustained success in today’s fast-evolving market.
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Discover the Best Hybrid Mutual Fund to Invest and RBI Mutual Funds
Buying mutual funds is among the most advisable ways of enhancing the investment portfolio. This article will help the investors who have no experience and the investors who have been trading for quite some time understanding different types of investment. Finding the Best Hybrid Mutual Fund to Invest means that you will get the best of both worlds – from both the equity as well as the debt funds aspects. This guide will also review on Hybrid mutual funds, chance in Pre IPO shares and RBI Mutual Funds and their place in your investment.
Why the Best Hybrid Mutual Fund Should Be Chosen for Investment
The Best Hybrid Mutual Fund to Invest is one of the best options for investment since it helps minimize risks that are accompanied by a single investment. These funds make investments in both equities or stocks and aim at bonds, thus affording a kind of dual value. Equity investment facilities hold high market appreciation possibility, while debentures offer stability and repetitive revenue. When you invest in hybrid mutual funds you get an optimum mix of risks that you are comfortable to take and the target you have in mind to achieve.
A special type of mutual fund known as the hybrid mutual funds is ideal for the investor in this case because they invest in both high-growth instruments such as stocks and lower risk products like bonds without the need for having separate funds. These features make hybrid funds advisable as instruments for forming long-term individual financial capital.
What are the Benefits of Hybrid Mutual Funds?
Hybrid Mutual Funds are exceptional appropriate for the traders with the balanced risk profiles from formulating their investment strategies. These funds let you have a combination of equity, debt, and even at times other assets like gold or property. Portfolio management in mutual fund is carried out by the fund manager based on the market situation and risk tolerance of the investor and this has relative flexibility and regular profit making ability.
In case you are interested in long-term capital gains, with a comparatively low risk propensity; hybrid mutual funds are most appropriate for you. The equity portion gets to increase in value it is designed to appreciate over time while the debt part provides for a security in the event of fluctuating stocks.
Opportunities in Trading Pre IPO Shares
Yet another amazing chance for the investors is the ability to purchase a pre-IPO stock. These shares are available before any company goes public which means that investors are able to purchase the shares of a company for substantially lower prices than the offered price when the company’s stocks are floated in the public domain. Buying pre-IPO shares may be very moneymaking mainly if the company in question gets first-rate outcomes quickly after the IPO. However, making an investment in pre IPO shares is exceptionally risky than making an investment within the enterprise’s IPO stocks because the destiny growth of the company is unknown.
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What Private Equity Firms Are and How They Operate
Private equity firms can raise money from institutional investors like pension funds and insurance companies. Corporations utilize private equity services that guide them in fundraising. Private equity firms hold more than 4 trillion USD in assets. Also, return on investment (ROI) makes this financial instrument remarkably attractive to investors. This post will elaborate on how private equity firms work.
What is a Private Equity Firm?
Private equity (PE) means the company is not publicly held. It allows companies to increase their financial capacity by offering investors partial ownership. Private equity services also help publicly listed companies become private by completely replacing previous owners.
Professional teams hired by private equity firms work on market trend analytics by outsourcing investment research and creating appropriate reports. An investment research report depicts the advantages and risks associated with each portfolio management decision.
Investing in private equity is financially riskier than traditional investment vehicles. Therefore, private equity funds use tried and tested investment strategies to redistribute risks. An experienced fund manager will use investors’ capital for private equity opportunities with an excellent ROI.
How Does Private Equity Work?
Private equity services can charge 2% of assets as management fees. Otherwise, they require 20% of gross profits if company ownership undergoes a thorough structural change.
Passive investors are known as limited partners (LPs) who do not affect the company’s decisions and policies. However, general partners (GPs) can determine managerial and executive strategies, affecting how the company operates.
Investment research outsourcing assists private equity firms in networking with more investors and optimizing their strategies for different industries. Besides, each investor can contribute to financial improvements by mentoring the company owners.
Therefore, private equity benefits the company by enriching its knowledge base with the recommendations made by veteran investors.
Types of Private Equity Investment Strategies
1| Venture Capital
Startups require financial assistance to launch their products and services or expand their production capabilities. Venture capital (VC) helps them secure capital resources and business management intelligence. After all, venture capitalists often have a personal connection with the startup ideas they support.
Venture capitalists use private equity services to evaluate investment decisions and a new company’s growth potential as part of their risk mitigation efforts. They share their knowledge with inexperienced young leaders at startups to increase efficiency and build stronger teams.
VC financing involves investing up to 10 million USD in different startups. So, successful investments in well-performing startups will balance the risks originating from the less stable business models of other firms.
2| Leveraged Buyouts
LBO means leveraged buyout, and private equity services utilize borrowed capital to acquire company ownership through this investment strategy. Additionally, a company’s assets are collateral for the respective debt.
This strategy helps private equity funds leverage their investments without committing financial capital directly. While the borrowed money attracts interest, the ROI of highly efficient companies can easily offset the repayment outflows. Many private equity firms have acquired new companies through multiple rounds of leveraged buyouts.
PE professionals often employ the LBO strategy when privatizing a public enterprise. Privatization results in decreased regulatory obligations and enhanced operational freedoms. Later, new ownership will implement policies to make the public enterprise more efficient and marketable.
You may also notice how LBO-based corporate acquisitions divide the company into segments with a narrower industry focus. Doing so makes selling the company and settling the debt obligations more flexible.
Conclusion
Unlisted companies explore unique outsourcing services to identify fundraising opportunities via extensive investment research. Private equity is a practical financial instrument that helps businesses generate the capital necessary for business expansion.
Simultaneously, general partners acquire decision-making authority and empower startups with business development insights. Therefore, private equity supports the companies on two frontiers: financial assistance and managerial mentorship.
A leader in investment research outsourcing, SG Analytics helps investors and business owners successfully deploy data-driven fundraising activities. Contact us today to obtain analytical support for deal sourcing, target screening, and excellent business modeling.
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