Over the years, computerized maintenance management systems (CMMS) have gained a ubiquitous status, particularly in asset-intensive industries like education and healthcare. CMMS has been simplifying the verification and standardization of assets and facilities management processes since its creation in the 1960s. Back then, however, access to premium CMMS was limited to larger companies – typically, the ones that could afford expensive mainframe computers.
Today, 52% of organizations use a CMMS. The maintenance management industry is projected to reach $1721.85 million by the end of 2027. Fortunately, CMMS has not just grown in popularity but has evolved throughout its history to become a mainstay across organizations. It stands as a digital cornerstone that promotes enterprise-wide innovation and delivers the best possible value to maintenance managers across industries at the lowest possible cost.
Delivering the promise of innovation and profitability
CMMS has come a long way since its days of Fortran and Cobol-powered punch cards — a method used by maintenance technicians to record work order data for simple recurring tasks like changing the oil in equipment. Major advances in technology have made CMMS more innovative, accessible, affordable, and convenient. In its most modern form, CMMS’ capabilities have witnessed significant growth, driven by access to the cloud.
With the gradual shift to the cloud, the need for complex and expensive server setup and configuration was eliminated, making it far more accessible for smaller companies with lesser maintenance spend capacities. In fact, 58% of CMMS users consider it cost-effective and easy to use. With cloud-based CMMS software, maintenance managers can often plug-and-play – log in and start using it immediately. Built on a multi-tenant architecture, SaaS-based CMMS ensures that everyone in the organization can share the same application, a single source of truth for all maintenance activities. Simultaneously, it eliminates the need to manually undertake security, patches, upgrades, and feature sets.
A server houses these CMMS applications across multiple devices, so even if one fails, another takes over seamlessly without affecting the service. Given that enterprises stand to lose as much as $22,000 for every minute of downtime, cloud-based CMMS’ always-available feature has emerged as a saving grace for organizations. It ensures higher performance and consistent uptime – a fact validated by 51% of CMMS users.
By automating maintenance operations, CMMS greatly reduces the hours, money, and human resources spent on streamlining and completing maintenance-related tasks. It alleviates the organizational burden of hiring, onboarding, and retaining the resources to undertake these tasks. Given that companies can spend up to 40 hours or more per week on maintenance, this can prove to be a crucial operational advantage.
The rapid pandemic-driven digital transformations have landed enterprises amidst an ocean of data and data itself has increased in value. The average cost of data breaches today is $1.07 million — higher than it was before 2020. Enterprises need a more secure and efficient way to store their data and manage processes. Cloud-based CMMS enables access to clean, accurate, and relevant maintenance data that can be used to enhance management strategies.
Powered by top-tier security features offered by the cloud, enterprises can also let go of their security and privacy concerns and focus on introducing enterprise-wide innovation through modern maintenance practices. With the rise of the internet of things (IoT) and 5G networks, CMMS is poised to expand the scope of innovation. In the next few years, it will be possible for facility administrators to feed real-time asset and facility data from sensors directly to their CMMS, laying the foundation for zero-touch maintenance operations.
Make your winning move with TMA Systems
CMMS is a strategic tool for modern organizations that need to manage an abundance of assets and facilities. With the right technology partner, it can unlock unprecedented innovation and profitability. TMA Systems has the expertise and robust product offerings that can make a real difference.
Our 30 years of experience in delivering maintenance management solutions across healthcare, education, corporate, public sector, and manufacturing means our customers have access to unparalleled technological innovation and industry knowledge.
Our whitepaper, ‘CMMS: Ushering in the Era of Innovative and Cost-effective Maintenance’, offers the insights you need to understand how CMMS can serve the role of an innovation-enabler and help you attract higher revenue streams in any competitive and digital-first market. Download now to learn more.
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