Enterprise Asset Management (EAM) is a systematic approach to managing an organization's physical assets throughout their lifecycle. This includes planning, acquiring, operating, maintaining, and disposing of assets to maximize their value and efficiency. EAM helps organizations reduce costs, improve productivity, and ensure compliance with regulations. By utilizing software tools and data analytics, EAM enables businesses to track asset performance, schedule maintenance, and make informed decisions. This proactive management approach minimizes downtime and extends the lifespan of assets, ultimately contributing to better overall operational effectiveness and profitability.