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000-570 exam Dumps Source : IBM Maximo Asset Management V7.5(R) Implementation
Test Code : 000-570
Test designation : IBM Maximo Asset Management V7.5(R) Implementation
Vendor designation : IBM
: 66 real Questions
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foreign enterprise Machines service provider IBM recently received Oniqua Holdings Pty Ltd. for an undisclosed volume. Oniqua provides web of issues (“IoT”) primarily based maintenance, repair and operations (“MRO”) inventory optimization solutions. This buyout will bolster IBM’s Asset Optimization practice.
IBM’s asset optimization solutions portfolio already includes Tririga as smartly as the trade leading Maximo. in the meantime, Oniqua caters to manufacturing, mining, transportation, oil & fuel, utilities and other such asset-intensive industries. The transaction will permit IBM to more suitable serve its current consumers and optimize its operations for larger productiveness.
Focal facets of the Acquisition
Per the clicking liberate, IBM plans to merge its asset optimization solutions with that of Oniqua’s. chiefly, Oniqua’s flagship carrier — MRO reply — when combined with IBM’s asset optimization reply Maximo will assist IBM to supply a “options-as-a-carrier” primarily based answer.
IBM capabilities will additionally benefit “a group of experts” from Oniqua. The MRO and different prescriptive and predictive analytical capabilities of the group will supply IBM a aggressive facet in utility capabilities market.
With a mixed solution platform, IBM looks ahead to offer a solitary statistics source encompassing company property to allow a “24/7 operational efficiency.”
decrease Asset Downtime: Key Catalyst
The basic headwind for the asset intensive companies is annual unscheduled asset downtime. This basically stems from the necessity of inventories and spare materials. The insights obtained through scrutinizing and analyzing the enterprise records can scale back unscheduled operational downtime by means of guaranteeing the top-rated cloth and spare parts required to fulfill the demand.
IBM remains focused to give the clientele with an reply essentially aimed at reducing unscheduled asset downtime, which permits these clientsto recognize their company dreams faster. With Oniqua’s IoT talents in the asset management house, IBM is likely to improve its asset optimization capabilities a superb deal.
subsequently, groups will benefit from the smooth connect with the records in real-time. it's going to allow the clientele to forecast materiel screw ups, consequently shrinking unplanned downtime.
What the traders necessity to comprehend
IBM’s inventory has lost 2.1% of its cost over the past 12 months, narrower than the trade’s rally of 2.6%.
The enterprise’s growing clout in the industry Asset management (EAM) software market is evident from market analysis arduous Gartner’s November 2017 “Magic Quadrant for industry Asset management utility” report the space it sequel IBM in the “Leaders” quadrant for its Maximo providing. With Oniqua buyout, IBM is probably going to enhance the predominant space it enjoys available in the market.
moreover, per analysis arduous MarketsandMarkets, the EAM market measurement is anticipated to develop from $3.forty four billion in 2017 to $6.05 billion via 2022 at a CAGR of eleven.9%. They faith IBM is neatly poised to capitalize on this profitable opening with the extra IoT-based capabilities Oniqua brings on board.
Strengthening IoT Capabilities Bodes well
Per IBM’s estimates, there might subsist round 30 billion connected instruments by route of 2020, thus expanding the want for IoT platforms. subsequently, the business’s funding within the know-how looks to subsist Somewhat well planned. They account the upcoming new mixed reply holds promise.
given that the merits, they will anticipate consistent multiply of the industry driven by means of IoT and artificial intelligence (“AI”) technologies so that you can eventually back it to compete against friends.
Zacks Rank & Key Picks
IBM currently includes a Zacks Rank #three (cling).
stronger-ranked stocks within the broader technology sector are Western Digital WDC, Mellanox MLNX and Micron MU, every carrying a Zacks Rank #1 (powerful buy). that you would subsist able to observe the complete checklist of nowadays’s Zacks #1 Rank shares here.
The projected long-term salary multiply fee for Western Digital, Mellanox and Micron are 19%, 15% and 10%, respectively.
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September 27, 2007 13:fifty nine ET
stories cowl vigour era, Transmission and Distribution and Manufacturing
ARMONK, the gigantic apple--(Marketwire - September 27, 2007) - IBM (NYSE: IBM) today announced that Gartner Inc. has positioned IBM's Maximo asset management reply within the leaders quadrant in three of its experiences, including the "Magic Quadrant for industry Asset administration for Manufacturing, 2007," "Magic Quadrant for industry Asset management for Transmission and Distribution, 2007," and "Magic Quadrant for vigour-producing EAM application, 2007.(1)"
Gartner evaluates companies in its Magic Quadrant on "Completeness of vision" and "potential to Execute."
In each of the stories, the analyst enterprise qualifies leaders as having a worldwide presence, a huge installed ground in each and every of the areas being evaluated, and "a combination of prosperous features including: performance, interfaces to different ERP applications and a in a position and international implementation associate neighborhood."
IBM Maximo is a collection of software products that helps shoppers control their enterprise belongings -- together with planning, procurement, deployment, tracking, protection and retirement -- via an internet-architected platform. With clients in a mess of industries, from packaged items to ponderous manufacturing and oil and gasoline construction, IBM Maximo is designed to multiply production reliability, labor effectivity, cloth optimization, application license compliance, hire management, assurance and repair administration and provisioning throughout a company's belongings.
"we're extraordinarily completely satisfied with Maximo's most recent positioning in Gartner's trade EAM Magic Quadrant experiences," observed Jack young, vice chairman, Maximo construction, IBM Tivoli software. "With the seat of attention on certain industries, they account these studies highlight Maximo's skill to fulfill a large election of requirements in accordance with their realizing of and dedication to fixing the challenges their consumers face. With the substances they now relish been capable of add to their progress and implementations groups, they are confident Maximo will proceed to subsist a number one solution for a spread EAM markets."
The Gartner studies embrace a market description for commercial enterprise Asset administration (EAM) options, stating, "EAM performance evolved from the CMMS functions that embody labor and substances management for weakness repair, typical preventive preservation and repair activities, and from the labor management applications that catered to reactive, short time era labor planning bobbing up from customer or failure requirements. An EAM solution includes labor order introduction, planned preservation, preservation background, MRO inventory and procurement, as well as gadget, component and asset monitoring for equipment. In its most-evolved kind, the performance is prolonged by using the addition of basic economic administration modules, corresponding to accounts payable, cost recording in ledgers, and human aid management for rostering and skill recording."
For more assistance on IBM, please consult with www.ibm.com. more information on IBM's Maximo may furthermore subsist discovered at http://www.maximo.com.
Maximo® is a registered trademark of IBM, Inc.(1) Magic Quadrant for commercial enterprise Asset administration for Manufacturing, 2007. Dan Miklovic, Kristian Steenstrup Magic Quadrant for commercial enterprise Asset administration for Transmission and Distribution, 2007. Kristian Steenstrup, Dan Miklovic Magic Quadrant for power-producing EAM utility, 2007. Kristian Steenstrup, Dan Miklovic
The Magic Quadrant is copyrighted 2007, with the aid of Gartner Inc. and is reused with permission. Gartner's authorization to print its Magic Quadrant should now not subsist deemed to subsist an endorsement of any industry or product depicted in the quadrant. The Magic Quadrant is Gartner's view and is an analytical representation of a marketplace at and for a particular time period. It measures vendors in opposition t Gartner-defined criteria for a marketplace. The positioning of carriers within a Magic Quadrant is in keeping with the complicated interplay of many factors. neatly-suggested vendor preference choices should still depend on greater than a Magic Quadrant. Gartner analysis is intended to subsist one of many information sources and the reader may still no longer signify solely on the Magic Quadrant for choice-making. Gartner expressly disclaims every warranties, specific or implied of fitness of this analysis for a particular purpose.
The "Oracle industry Asset management Vs IBM Maximo CMMS EAM assessment file" report from expertise contrast centers has been introduced to ResearchAndMarkets.com's offering.
compare proper application options head-to-head, every the route down to the greatest particulars. For greater than 25 years, the author has saved organizations - of every types and measurement, around the globe - time and funds deciding on utility with their utility comparison reports.
Free! together with your buy, acquire an onboarding convene from some of the writer's consultants to back you win probably the most expense out of your comparison file. details might subsist protected in the electronic mail you acquire together with your bought merchandise.
Oracle commercial enterprise Asset management vs. IBM Maximo application
you'll observe how simple it is to examine and expense qualities and capabilities between the preempt utility solutions with the CMMS - EAM software evaluation document.
This Oracle industry Asset management vs. IBM Maximo comparison document offers you with the tools to evaluate the set of elements and features of your favored programs in some extent-by means of-factor appraisal. The assessment chart allows you to cautiously investigate cross-check the approaches wherein diverse utility options can fulfill your technical and functional necessities.
For more suggestions about this document quest counsel from https://www.researchandmarkets.com/r/7kmltt
View source version on businesswire.com: https://www.businesswire.com/news/domestic/20190409005956/en/
source: analysis and Markets
ResearchAndMarkets.comLaura wood, Senior Press Managerpress@researchandmarkets.comFor E.S.T workplace Hours designation 1-917-300-0470For U.S./CAN Toll Free designation 1-800-526-8630For GMT workplace Hours convene +353-1-416-8900Related themes: utility, enterprise Mobility management
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PORTSMOUTH, R.I., Sept. 8 /PRNewswire/ -- CDV Systems, Inc., implementation and training industry leaders for Autodesk Revit® and US Distributors of CodeBook®, is haughty to advertise CodeBook V9 for FM. CodeBook for FM facilitates parameter creation and bidirectional data flux and integration with Revit Architecture & Revit MEP models to IBM Maximo for FM data, and scope coordinate points to ESRI for GIS location tracking data.
Full Lifecycle Management
"For years, there has been a pellucid divide between BIM data and FM/GIS data," comments Cyril Verley, founder of CDV Systems. "CodeBook's link completes the definition of a building's 'Full Lifecycle Management,' allowing BIM parameter data to flux across every platforms during every phases. This changes the gross dynamic of BIM. BIM can now subsist used not only for pre-design, documentation construction and as-built development, but can furthermore continue into FM/OM GIS for room, space and asset management and sets the stage for future pre-design renovation, completing the plenary project lifecycle."
CodeBook Compares and Validates Program Requirements
For the past 14 years, CodeBook(R) has had a well-established and proven record of success integrating and bidirectionally linking project programs, materiel and furniture data using an MS Access database with CADD or BIM programs such as Autocad, Microstation and now Revit Architecture & MEP 2009, 2010 & 2011, 32 & 64-bit. CodeBook plans to release their SQL version by the finish of September 2010. Once linked, CodeBook allows the monitoring and validation of design changes during the entire design and documentation process by comparing the "required" program and asset data to the "designed" model data in the Revit project. Parameter data can flux back and forth between programs and BIM models, allowing CodeBook to manage the project program, materiel furniture, and other asset needs, while Revit manages the graphical data.
CodeBook reports data, formatted for Maximo and ESRI GIS use, and reports data in MS Word using templates, as well as output report data for utilize in excel and Access. Since the bulk of the project information data resides in CodeBook, the demands on the Revit model are significantly reduced, decreasing the BIM file size down to more manageable levels.
"The skill for CodeBook FM to integrate with Revit MEP opens many new doors to better manage MEP requirements, system and materiel data, for the plenary lifecycle of a project," comments Daniel Stonecipher, CDV Systems' Director of MEP Development. "For owners, designers and builders, this integration allows the project to quickly react to different design requirements throughout the stages of design, irrespective of delivery method, and facilitates a smooth transition from Design to FM/OM and back. They observe building retrofits are increasingly being realized for their many sustainable, sociable and monetary benefits, and MEP design is at the heart of any renovation."
For the complete press release, please click this link: http://www.cdvsystems.com/content/index.php?option=com_content&view=article&id=259&Itemid=29
This press release was issued through eReleases(R). For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.
SOURCE CDV Systems, Inc.
Enterprise SoftwarePress Release Summary:
IndustrialIT cpmPlus Enterprise Connectivity (ECS) provides solitary point interface for plumb integration between plant and enterprise industry systems for optimized productivity, flexibility, and property control. It offers SAP certification against R/3 ERP system and its NetWeaver SOA platform, and furthermore integrates with Maximo EAM systems for asset optimization. Users can furthermore develop corporate-wide templates, versions of which are managed via Microsoft Sharepoint Server.Original Press Release: ABB Releases Newest Version of cpmPlus Enterprise Connectivity
Enhancements improve asset optimization and corporate standardization
Baden, Switzerland, March 6, 2009 - ABB announced today that it has released the latest version of its IndustrialIT cpmPlus Enterprise Connectivity (ECS). This release includes SAP certification against the latest version of SAP's R/3 ERP system and its NetWeaver service oriented technology platform. It furthermore provides deeper integration with IBM's Maximo Enterprise Asset Management system (EAM) for expanded asset optimization. In addition, ECS now has enhanced universal template progress and deployment to ensure corporate-wide consistency while saving time, effort and money.
ECS provides a streamlined, solitary point interface for plumb integration between plant and enterprise industry systems for improved productivity, flexibility, property control and reduced order-to-cash cycle. It reduces Total Cost of Ownership (TCO) for enterprise owners by using a criterion product for every plumb integrations, eliminating the necessity for costly custom developed Point-to-Point solutions.
"ABB's cpmPlus Enterprise Connectivity provides customers with one of the only productized ERP integration platforms on the market today. It drives out much of the complexity and the customization associated with ERP integration, while providing the every considerable context that is required with the production and automation data," said Allen Avery, analyst at ARC. " Doing large customized ERP integration projects is a consume of money. In the current economic environment, finish users that want to slash costs necessity a solution that provides shorter order to cash cycles and lower cost of ownership.
"In ARC's view, ECS provides a cost-effective solution that won't pinch forever to configure and is sustainable."
The latest release of ECS has been SAP certified against SAP's newest ERP system version. ABB's ECS was furthermore certified against earlier SAP versions and supports these interfaces; it provides connectivity to the myriad of system versions that might subsist fragment of the corporate network infrastructure.
In addition to its existing interfaces to Maximo EAM systems, the newest version of ECS furthermore provides deeper integration to this system to wait on manufacturers better optimize their production assets. Using real-time context sensitive information from Maximo, ECS allows personnel in manufacturing to create labor requests based on current asset health conditions, so that every factors that could feel the production process are communicated to and considered at the industry level.
ECS now includes an expanded integration template repository so users can easily develop corporate wide templates that ensure consistency throughout the enterprise. This uniformity reduces the time needed to deploy new integration scenarios throughout the company, while it lowers implementation risk. ECS uses Microsoft Sharepoint Server to manage the versions of these templates, making them facile to save, share and archive.
Part of ABB's Collaborative Production Management (CPM) portfolio, ECS helps customers become more competitive in the global marketplace by providing one criterion interface that connects automation and industry systems for information access and exchange. It provides connectivity between manufacturing solutions, including ABB's award winning IndustrialIT System 800xA, as well as non-ABB DCS systems, other CPM solutions, and enterprise systems such as SAP, Oracle or Microsoft. Additionally, ECS can integrate database systems, OPC-compliant systems or Web Service enabled systems.
Enterprise Connectivity is a core component of cpmPlus (www.abb.com/cpm), ABB's Collaborative Production Management suite of applications. cpmPlus provides process and production management, advanced optimization and connectivity solutions for the process industries.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs more than 120,000 people.Related Thomas Industry Update
An interview with Fred Jennings, executive consultant,management advisory services group, R. W. Beck
By Nancy Spring, Senior Editor
With the latest enterprise asset management tools, utilities can consolidate existing systems and create more efficiencies. That could express better management, more accurate compliance and best of all, cost savings, but what exactly is enterprise asset management and how achieve you utilize it? Who needs it, where achieve you win it—and most of all, what will it cost?
We spoke with Fred Jennings, an executive consultant in R. W. Beck's management advisory services group, in hopes of getting a better understanding of the "what" and "why" of enterprise asset management. Mr. Jennings is an industry-recognized expert with more than 28 years of consulting sustain in the energy, electric and water resource utilities and telecommunications fields. He has extensive sustain in industry assessment, monetary governance, integrated planning, and cost management and performance management focused on value creation within every utility sectors.
In his practice, he has furthermore focused on capital resource optimization, industry information systems and enabling technology deployment to address evolving industry challenges—in short, he's the consummate person to querry about enterprise asset management (EAM).
Let's start with a basic definition of enterprise asset management.
That's probably very appropriate, because the titling has evolved over the last decade, since it really took on any particular meaning. Today, in general, EAM refers to a whole-life route to examine the management of physical assets in an organization. From initial design, construction, putting it into service, how you operate, maintain and ultimately pinch it out of service, it's the natural course of costs involved during its life. It's really what they account lifecycle costing—that's the key ascribe today.[Native Advertisement]
"Enterprise" is kind of a modern term that's been applied to virtually everything but it does relish some applicability in that we're trying to slither away from functional or departmental asset ownership and recognize that assets indeed are the domain of the entire enterprise. For example, one organization may design and construct it and another totally different organization operates it, yet they interact with each other because the operating costs and maintenance costs are matter upon the design consideration made earlier and in a different department.
Is newly developed software driving the adoption of EAM?
I've seen an mammoth evolution of software since I started consulting in 1979, and unfortunately there is still some dormant credit that the solution is in the software.
The best software still will not win you what you need, but that said, sound, well-implemented, enabling software applications can facilitiate this lifecycle costing much more easily than without, and so the industry's focus on that necessity certainly helps drive the market and helps facilitate users to accomplish the goals of EAM.
Are rising costs making EAM more considerable to the industry today?
There is an increased focus on general cost management and improved performance. The entire floor of acceptable performance and competitive cost is more in the focus today than many years ago. My own observation is that in the investor-owned utility market space, the clearly focused if Somewhat myopic drive toward shareholder value—the claim for shareholder value—is so prevalent today that it's furthermore driving much of the necessity for not just cost reduction, but performance and efficiency enhancement.
I can envision EAM for large IOUs and municipal utilities, but is it furthermore helpful for smaller munis and co-ops?
The identical benefits accrue to anyone. It's sound management. The first step in EAM really starts with understanding what assets you have. A utility of any size needs to know what it has, where it is and its condition.
Do utilities necessity to structure themselves differently to develop EAM really labor well?
That's critically important. There relish been efforts in the industry under the title EAM that relish had more of a process focus to wait on develop more observant asset investment decisions, techniques that quest at why one asset investment would subsist made versus another based on, for instance, categories of risk. That's a process orientation that applies to the organization. Beyond that, irrespective of how widely EAM is deployed in the organization, it's still imperative that the organization embrace the process changes in order to positively sequel its decision making.
Would the first step subsist to reach out externally and win help? For instance, to wait on people slither away from spreadsheets?
In any new applications like this that feel the enterprise, they believe it's absolutely captious to establish what the success factors and the end-state goals quest like. Define what you really want to accomplish then achieve a current-state diagnostic that looks at where you are currently. With the contrast, you can find the most efficient steps to wait on you on a roadmap to your end-state.
As far as spreadsheets, there are some organizations in which they may subsist acceptable. I'm working in a municipal right now where a couple of people relish massive spreadsheets. They're very attentive; they know everything about every their substation equipment.
The challenge is, does the enterprise relish visibility into it? Of course, that's limited. Can the enterprise harvest plenary value from that information? The reply is no, because it's more limited to the perspective of the individual. But it's a worthy starting point for this organization and a wonderful space to launch from.
The aging workforce is one of their industry's greatest challenges. Will EAM processes and systems develop it easier for the next generation to pinch over?
We know that capturing institutional knowledge before it leaves is a captious necessity in their industry. In electric utilities, they really relish a shortage of applicants coming into the industry, so we're driven to subsist more efficient with fewer human resources. Leveraging technology is one of the strategies for accomplishing that, but technology needs to subsist leveraged with a sustainable, visible process that operates independently of the individuals who occur to subsist there for a particular era of time.
Have you any conception what this would cost for a medium-sized utility, for example? Or is that impossible to estimate?
It's really difficult to reply that for several reasons. For one thing, I wouldn't know what legacy and enterprise systems they relish right now. But if they are starting anew, organizations are spending one to two years to build an inventory with outside resources helping them, and then there's the cost of the application itself.
There are a number of success stories in the industry—pole attachments, for example. We're losing millions and millions of dollars by not managing every their pole attachments and collecting allowed revenue. Some utilities relish said, "We've had enough," and they've hired temporary staff to achieve a very fast-paced, intensive effort, to win ahead of the boulder that's coming downhill at them. For mid-sized utilities, I've seen that done in a year.
So in terms of asset inventory for a mid-sized utility, with overhead and underground infrastructure, substations, if they really had a mess—chaotic, inconsistent, low-accuracy, low-confidence data—and needed to start anew, that's probably a pretty intensive three-year effort. For that, I could observe several millions of dollars, easily.
The application installation itself depends on the vendor. They relish Oracle, SAP, IBM's Maximo, and others—among those, they're pretty pricey, getting into seven figures, just by virtue of their size. I've seen them for less, but remember, they are enterprise-wide. The key objective is to achieve a solitary version of the truth, so if you're going to sequel in a system like EAM, it needs to relish validity so your decision-making processes can rely on the data. achieve it right, or you're going to proceed down the path, spend a lot of money and still not relish the inherent aplomb and that will really abridge the value for the time and the direct out-of-pocket cost. Process-wise, that's a year to two.
To leverage the EAM, there's probably a year in the design, a year to win it implemented and probably another year to win it humming.
Do you know how many IOUs relish EAM up and humming along?
I really don't relish a wonderful sense of that, but I can command there are relatively few that I relish seen that I assume are where they want to subsist or should be. It's not nascent, but we're juvenile in the institutionalization of what, in my broad view, asset management can and should achieve to wait on a utility operate in a very high-performing, efficient and capital-deployment-effective mode. Is your capital deployed? Is it effective? Does it achieve the job and in a cost-efficient way?
What other observations would you like to share?
My personal pet peeve. I relish worked in installations of monetary management, monetary forecasting, budgeting, cost management, regulatory management, tools and systems for a broad orbit of IOUs. I've done custom cost reporting, I've worked to "get their data out of jail," I've worked in a broad orbit of applications, and the fact is that I still wind-up coming in after the fact to wait on utilities harvest the value out of these mammoth applications that they sequel in. It is so difficult to win them to invert the process.
We observe it a slight bit in AMI, AMR and MDMS, where there's a reluctance to sequel themselves in the infringement before they relish really thought through what they want. In the case of AMI/AMR, there are multiple technological paths and they're concerned about making technologically obsolecent decisions. And they should pinch the identical approach with EAM. In the first year, spend your time to really define, at an enterprise-wide level, facilitiated by someone like R.W. Beck, what the vision is, what the functional needs are, what the future vision will quest like, because it's profoundly different from where you are today, and then proceed about writing the functional specifications and finding, selecting and implementing these tools. Now you can achieve it with performance testing, and you can pick more astutely and you can select implementation scheduling better and really know what you want to garner out of those applications.
And I thought you could just slap in the software and utilize it.
The most difficult aspect and challenge in any organization is getting the human component to change. Tools are facile compared to us humans. And that's the fragment that gets short-shrifted. If it's not working perfectly, they guilt implementation, but the fact is they don't recognize how difficult change management is. Some people observe the vision but how it translates down into the pragmatic implemented efforts gets lost. To the extent that they can preserve that focused early, I assume the finish results and efficiency improve multifold.
In many ways, I assume this industry is at a crossroad where truly enabling technologies can fundamentally change the route they achieve industry for the better, but it's going to pinch some very bold and insightful leadership that isn't just enamored by technology but recognizes the long-term, difficult process it will subsist to institutionalize those changes in the human resource component of the organizations. If they can halt being manual and dated and leverage current technologies, I assume they can win information that heretofor has been onerous to collect and then harness computing power like we've never seen and let it wait on us with these decisions. In an industry that used to subsist called primitive and stodgy, I assume they could redesign their entire industry. We're going to rupture the route we've done industry in the past. And that's very exciting.
Editor's Note. This article originally appeared in the July issue of Electric Light and Power magazine. At the time it was published, Nancy Spring was its Managing Editor.
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