Enterprise Asset Management (EAM) systems are unified platforms created to manage all physical assets across the enterprise. EAM systems offer a holistic approach to asset management, allowing you to track the entire asset lifecycle through to audit trails, safety and compliance and even business intelligence.
EAM systems can also be used to evaluate risk, and are used in environments where asset failure has the potential to result in safety breaches or environmental impacts. They include asset and maintenance management capabilities, but also consider the wider total cost of ownership (TCO) for the physical assets across the company.