Title: Internet of Things Adoption Challenges in Enterprise Asset Management Organisations
Abstract: Enterprise Asset Management (EAM) is used to support strategic planning and budgeting, maintenance, repair and operations of organisational assets throughout the asset lifecycle. The purpose of EAM is to improve the assets’ reliability and performance without compromising health, safety and the environment, where Internet of Things (IoT) devices are useful to sense, monitor, respond to, or report asset conditions in real-time with minimum human intervention. Typically, IoT is adopted or integrated into an existing business process in an EAM organisation without reengineering the overall business process. As IoT technologies are usually not custom made for specific business process, adequate governance is critical to the success of IoT adoption. In this paper, adoption of IoT in EAM organisations and its challenges will be discussed from the perspective of data management. Literature reviews and academic case studies are also included to help identify the research gaps and data governance challenges related to adopting IoT technologies into EAM organisations. The factors influencing the IoT adoption will be presented from a technology, organisational, and people perspective. Different categories of challenges have been identified, including standardisation, security and privacy, data quality, organisational culture, business continuity and resilience. The paper concludes with some recommendations to improve IoT adoption in EAM organisations, as well as suggestions for future research directions.
Publication Year: 2020
Publication Date: 2020-12-03
Language: en
Type: book-chapter
Indexed In: ['crossref']
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