Global Plant Asset Management (PAM) System Market 2017-2021 - ABB, Emerson, Honeywell, Rockwell Automation, Siemens
A PAM system manages and monitors the fixed assets of a company, which are used in the production process. PAM gives better control over the production process and enhances the efficiency and productivity of an organization. It also generates real-time data of assets, which enables officials to take an informed decision. The real-time data generated by a PAM system can also be used to identify signs of failure, ensuring that plant productivity is not hit due to machine downtime.
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