After entering the Gartner Magic Quadrant for Cloud Financials and HCM, leading enterprise software company, Ramco Systems announced that it has been positioned in Gartner Magic Quadrant for Enterprise Asset Management Software (authored by analysts Kristian Steenstrup, Nicole Foust, Nigel Montgomery, published on 09 October, 2018), for the second consecutive year in a row.
According to Gartner, “an EAM solution includes functionality for managing, planning and scheduling; work order creation; maintenance history; and inventory and procurement; as well as equipment, component and asset tracking for assemblies of equipment.”
Ramco EAM has industry flavours to address Aviation & Defense, Power Generation, Equipment Rental, Manufacturing, Infrastructure and Transportation.
“With a majority of asset-intensive organizations embracing software applications to increase the lifecycle performance of their assets, the EAM market has been picking up great momentum. We have seen an upward move in our position within the Niche Quadrant, which reaffirms customer satisfaction and the focus we place on delivering next-gen solutions leveraging cognitive capabilities, frictionless interactions, voice and chatbots are resonating with the audience,” says Virender Aggarwal, CEO, Ramco Systems.
“With our thrust on Innovation and simplification in user experience, we look forward to revolutionizing the EAM tech landscape” added Aggarwal.
Ramco EAM is being leveraged by several mid to large scale enterprises both as an integrated solution part of a full suite ERP offering, as well as a stand-alone application. Ramco also has a specialised Maintenance & Engineering (M&E) / MRO software built to address Aviation and Defense segment. Ramco distinguishes itself by being a comprehensive organically grown system offering innovative features which bring automation, simplification and cognitive capabilities to the application. Ramco’s mobile enabled EAM offers fault reporting, inspections, inventory check, labor availability, to work order reporting – all through native apps on smartphone. With GIS integration and multi-dimensional view of assets, the EAM application also has an in-memory based Planning and Optimization engine.
Citing its brief on vendors positioned in Niche Quadrant, Gartner says, in certain circumstances Niche Players are just as good or better choices for prospective users. This is because they might focus on a geographic or vertical market that is meaningful to particular users or be focused on a market segment less concerned with on-premises delivery, scalability or complex processes.
Per Gartner, recent developments suggest the EAM market is on the cusp of a significant replacement/upgrade phase as previous installs cycle through to upgrades to new generation platforms and to utilize new features such as mobility, analytics and OT/IoT integration. In addition to a large number of vendors modernizing their architectures, cloud-based alternatives are becoming more commonly available.