Celebrating 10 years of IBM’s dominance in enterprise asset management
October 5th marked the 10-year anniversary of IBM’s acquisition of MRO Software, and it’s natural to reflect on how much Maximo has evolved over the years and celebrate some of our accomplishments. But it’s equally exciting to think about what the future holds.
At the time of the acquisition, IBM was building out a world-class suite of middleware solutions, and MRO Software was the undisputed industry leader in enterprise asset management (EAM). The acquisition of MRO Software provided IBM’s Tivoli division with powerful tool to drive business transformation for thousands of the world’s largest companies in asset-intensive industries.
Maximo and IBM
For the first few years, Maximo ran fairly independently as it became integrated into IBM’s software business, benefitting from IBM’s deep resources and global capabilities. Maximo served as the linkage to the physical assets in IBM’s Smarter Planet strategy, and Tivoli transformed into the Cloud and Smarter Infrastructure business during this transformation. By focusing on intelligent, interconnected and instrumented systems as part of this ecosystem, Maximo served as a hub of this solutions suite and was part of substantial transformations with some of IBM’s largest clients.
The business saw many successes, including:
- Working with thousands of industry-leading clients in nearly every region in the world, such as 7 of the 10 largest automotive companies, 8 of the 10 largest oil & gas companies, 12 of the 13 largest aerospace and defense companies, 14 of the 15 largest life sciences companies…and the list goes on and on
- Gartner recognizing IBM as a leader in every Enterprise Asset Management Magic Quadrant since July 1996
- Leading market share in the EAM space since 2006
But things got even more interesting for Maximo within the last two years. The Smarter Infrastructure movement foreshadowed the advent of the Internet of Things as a global phenomenon. EAM is once again finding itself at the center of this movement – the connection between physical assets and the digital world is precisely where businesses are deriving value from IoT.
In December 2015, IBM formally announced the creation of the Watson IoT business unit, which brings together its EAM solutions with facilities management, product engineering and design, and technology platform solutions to provide the most comprehensive IoT suite in the industry. Once again, Maximo finds itself at the heart of a solution suite – but IoT is by far the largest and most transformative movement in Maximo’s history as it will fundamentally change the role of physical assets in nearly every industry.
We’re making good progress with new offerings that demonstrate the value of combining EAM with IoT. For example, Maximo Asset Health Insights combines data from asset sensors and other sources like the weather, with asset records and work history, and then applies analytics to calculate health scores for assets to make smarter maintenance decisions. You can learn more by reading the solution brief or watching this on-demand webinar. Later in October, we will be releasing Maximo Scheduler+, which uses weather data to optimize scheduling. Register now for our announcement webinar to be the first to learn more about how you can better optimize scheduling with IoT.
I’d like to congratulate and thank my colleagues for their tremendous work and service over the past 10 years with IBM, and also thank our dedicated and engaged clients for their continued support. IBM is investing significantly in IoT and this will have huge benefits for Maximo – you can read our latest press release to learn more about these investments and our tremendous momentum. Here’s to another successful decade!