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Manufacturer Needs Creating Unprecedented Growth for Plant Asset Management Systems|
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| <Ozgipsy>
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Dear All,
I thought this might be something of particular interest to all of those participating in the CMMS forum here. It comes from an industry research website called Arcwire.
Link for article: http://www.arcweb.com/Newsmag/auto/pam082505.asp Kind regards |
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Interesting Daryl
Do you happen to know what "PAM" vendors they are speaking of? They seem so wise and far-seeing that it is hard to think they would predict this rosy future based on the vendors that pay them for coverage and "leading edge" ideas like this! Perhaps they can back up that PAM Systems are rapidly becoming the choice of manufacturers. Can you gather some additional fact to support those claims? That is an actionable idea if I ever saw one. (NOT) The point of posting an ARC PR is????? Terry O This message has been edited. Last edited by: Terrence O'Hanlon, |
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I also wondered where, "PAM systems are rapidly becoming the initiative of choice of manufacturers in today’s competitive environment. " came from. Making statements like this is easy but backing them up with hard evidence is not. Perhaps we should keep a pinch of salt handy while reading this.
The claim that ... "The worldwide market for PAM systems is expected to grow at a Compound Annual Growth Rate approaching 10 percent over the next five years. The market currently exceeds $1.1 Billion and is forecasted to exceed $1.8 Billion by 2009." ... would also take a bit of backing up. I often wonder where they get this type of information ;o) Those of us who have been in this business for a while know that it is not readily available so it would be nice to know where they get their figures. They are charging $4,900 a pop for the report and I would not be buying it without some clarification about the source of the information upon which the claims are based. |
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To me it looks like they are talking of a combination of Distributed Control Systems combined with some CMMS. And there is another acronym born PAM Plant Asset Management.
Nice to know that we already have a PAM. If I sum our ABB DCS, Datastream, Matrikon and a few own bread applications... This message has been edited. Last edited by: svanels, Steven van Els, CMRP |
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Bryan -
Companies like the one mentioned above earn a significant percentage of their income from "covering" specific markets. Once example is Enterprise Asset Management (EAM) and Computerized Maintenance Management Systems (CMMS). If a CMMS/EAM Software company wishes to be "covered" and written about, they must "retain" ($$$$$$) an analyst. If a CMMS/EAM Company does not "retain" an analyst - they do not get covered. By "retaining" these analysts, the CMMS/EAM companies that do participate will get great exposure and will seem to be mind leaders in the market. This is a very simplistic view of the way it works but it seems like most are blind to this. I will not comment on the technical prowess of the human analyst involved - perhaps other know better than I do. These analysts like to think they are way out front in our market with leading edge thoughts and ideas - that they lay claim to (example PAM). I will say that the end users/consumers need to understand where information comes from and to always remember that they have the power to shape a market by their demands and purchasing- not the vendors and not the analysts. Svanels points out correctly that PAM looks a lot like existing information resources. So now Physical Asset Management (PAM) is pressure, temperature and flow....yikes I see this leading back to the Stone Age! If maintenance & reliability professionals do not let management know what Physical Asset Management really is - the analysts and vendors will be happy to supply their own versions. Terry O |
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Manufacturer Needs Creating Unprecedented Growth for Plant Asset Management Systems
