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Enterprise asset management (EAM) refers to the management of physical assets of an enterprise throughout each asset’s lifecycle, in order to augment their use, enhance quality and efficiency, save money, and protect health and the environment. EAM majorly finds applications in various industries that are dependent on complex and expensive assets including plants, vehicles, heavy equipment, etc. Major industries employing EAM are energy, government, oil and gas, mining, utility, shipbuilding, defense, and aerospace. A specialized software is often used that handles every aspect of running a public works or asset-intensive organization. For instance, EAM software can alert operations managers to failure of machine part and provides necessary information and tools required to dispatch to person to prevent further causalities.