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Small Discussion about IBM Maximo?

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What is Maximo?

Maximo is an IBM enterprise asset management for asset life-cycle and maintenance management.
IBM Maximo® enterprise asset management solutions allow you to gain near real time visibility into asset usage, better govern assets, extend the useful life of capital equipment, improve return on assets and defer new purchases—while unifying processes for wide-ranging enterprising asset management functions across multiple sites.

  • Support enterprise asset management in key industries, including manufacturing, healthcare, life sciences, nuclear power, oil and gas, service providers, transportation and utilities.
  • Provide visibility and control over critical assets that affect compliance, risk and business performance.
  •  Increase the useful life of physical assets with improved business processes for an increased return on assets and enhanced operational efficiency.

It has six major functions

  • Asset management – Achieve the control you need to more efficiently track and manage asset and location data throughout the asset lifecycle.
  • Work management – Manage both planned and unplanned work activities, from initial request through completion and recording of actuals.
  • Service management – Define service offerings, establish service level agreements (SLAs), more proactively monitor service level delivery and implement escalation procedures.
  • Contract management – Gain complete support for purchase, lease, rental, warranty, labor rate, software, master, blanket and user-defined contracts.
  • Inventory management – Know the details of asset-related inventory and its usage including what, when, where, how many and how valuable.
  • Procurement management – Support all phases of enterprise-wide procurement such as direct purchasing and inventory replenishment.

Video for about Maximo 

posted Nov 2, 2017 by Manish Tiwari

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As per a Morgan Stanley research report, quantum computing potentially holds the key to double-up the high-end computing market from the current $ 5 billion to $ 10 billion per annum. This also explains why more and more companies are accelerating their processes related to quantum computing, in an effort to take it from the labs to the commercial domain.

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Led the first initiative to build quantum computing ecosystem

IBM was the first to develop a global ecosystem for quantum computing. It brought together research companies, academic institutions, big enterprises, scientists’ communities, investors, professors, engineers and start-up founders too. Academic entities that collaborated with IBM in this regard range from University of Melbourne to Oxford University to Oak Ridge National lab.

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IBM also released an open source quantum computing SDK kit called QISKit, with the intent to advance its systems and technology, encouraging increased penetration of quantum computing in all domains.

Took quantum computing to the cloud

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As against the D-Wave’s quantum computers, the technology brought out by IBM is more general in terms of its capabilities, and is capable of running almost any quantum algorithm. Ever since IBM’s quantum computing made its foray into the cloud, the company’s popularity has risen even higher. Its quantum processor can be accessed through IBM Cloud, and already has 40,000 users from 100 different countries.

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On the whole, IBM has finally made quantum computing something consumable. It has gradually developed a community of people interested in this field, which is a bold step towards improving the consumption-ability of this technology.

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