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Asset Lifecycle: Definition & Key Stages in 2023

Revenue is a term indispensable in corporate talk. As it’s the largest number on the profit and loss statement for the company, revenue is frequently referred to as “the top line.” And business owners and managers are very attentive to this statistic. Businesses in all asset-intensive industries, particularly the power and utility sectors, are under increasing pressure to deliver better customer service, improve equipment uptime, and advance performance predictability.

10 Customer Tools For Business Consultants

The best customer tools for business consultants can elevate your consulting business and make it more efficient. If you are constantly looking for new ways to drive operational efficiency and streamline your workflows, you need to take some of the tools on our list for a test drive. With an abundance of tools on the market, there is no shortage of options to choose from.

An example of a hyperautomation journey

Nick Borgwardt, director of IT workflow at ServiceNow, co-authored this blog. In our personal lives, it’s easy to get the information and products we need with just a few clicks. Thanks to modern consumer websites and apps, making service requests and ordering products is simple, convenient and, often, automatic. Why shouldn’t our professional lives be just as effortless?

The Service Value Chain in ITIL 4

The ITIL 4 Foundation Edition introduced the service value chain in 2019, as an operating model to facilitate value realization. We’ve first talked about the topic on our Definitive Guide on ITIL, but it’s time to expand on the concept to understand: So, make sure to keep reading – we’ve thrown some useful examples on how the service value chain works!

Asset Maintenance Best Practices for Optimal Asset Performance

Lots of people believe that asset maintenance and asset repairing are the same but it's not. Asset maintenance prevents the requirement of asset repairing. Repairing is something that is broken and now needs to be brought back into running condition. Asset maintenance is an umbrella that records all that goes into keeping your resources everything looking good. By manufacturing hardware, resource support can mean normal examinations and fixes.

DevOps Roadmap: 14 Steps to Become a DevOps Engineer

So, you want to become a DevOps engineer? It’s a stimulating, challenging, high-paying career choice, but the lynchpin role holds software development and operations together. We’ve compiled a DevOps roadmap that includes all the steps required to fill the shoes of a DevOps expert. As you know, DevOps is a set of practices and tools to integrate and automate processes between IT and software development teams.

Best Tips to Choose the Right Asset Management Software for Your Organization

Lots of organizations do not invest in any type of asset management software as a result frequently business problems occur such as operations are not streamlined, required assets are not found or sudden equipment failure occurs, and so on. These types of problems only lead to delayed operations, unnecessary expenses, and business loss. When an organization utilizes any asset management software then the expected results are also not achieved.

Five Blind Spots Solved Through Observability

“Too many cooks spoil the broth.” It’s an old saying we’ve heard many times in childhood. If we put it in today’s IT monitoring context, we could change it to “too many tools spoil the insights and efficiency.” IT teams across organizations have deployed multiple tools over the decades to monitor and track the performance of networks, databases, and applications and to ensure the smooth running of the business.

AI vs. Machine Learning vs. Deep Learning vs. Neural Networks: What's the Difference?

The continuous debate around artificial intelligence (AI) has led to a lot of confusion. There are many terms around it that appear to be similar, but when you take a closer look at them, that perception is not entirely accurate. For that reason, here we take our best shot and oppose AI vs. machine learning vs. deep learning vs. neural networks to set them apart once and for all. In short, we’ll look at how they all relate to each other, and what makes them different in their particular way.

The Ultimate Guide to Service Level Agreements (SLAs)

Service Level Agreements (SLAs) are a crucial part of Service Level Management, and therefore one of the key components of IT service management. They are the basis for building and delivering IT services, and play a key role in ensuring that both the client and the service provider are on the same page and that the service delivery is at par with or exceeds customer expectations.