By: Laxmikant R. Dawane, Enterprise Asset Management Practice Lead, iNXT, LTIMindtree

For over a decade, IBM’s Maximo Application Suite has been a symbol of excellence in the realm of Enterprise Asset Management (EAM). Its journey from a robust application to a comprehensive, AI-powered Enterprise Asset Management solution reflects its commitment to evolving with customer needs. This blog dives into Maximo’s rich history, its growth over time, and how it continues to shape the future of asset lifecycle management.

IBM Maximo: A Legacy of Reliability and Robustness

Since its launch in 1985, Maximo has built a solid reputation for delivering high availability and reliability to asset-intensive businesses. It offers a comprehensive suite of tools that enables organizations to manage their physical assets more efficiently, streamline maintenance processes, and improve productivity across the board. With Maximo, companies can track asset performance, reduce downtime, and lower operational costs, all while ensuring compliance with industry standards.

Is IBM Maximo Still the Best Choice for Your Business?

IBM Maximo has evolved significantly since its initial launch, adapting to changing technologies and market needs. Here are some key areas of maturity:

• Cloud adoption: Originally a traditional on-premises solution, Maximo now offers cloud-based deployments, enabling organizations to leverage scalability, flexibility, and reduced IT overhead.
• User interface enhancements: Over the years, Maximo has improved its user interface to enhance usability, making it more intuitive and accessible for users across various roles.
• Mobile capabilities: The introduction of mobile applications allows field technicians to access Maximo remotely, boosting efficiency and enabling real-time data updates from anywhere.
• IoT integration: Maximo’s integration of Internet of Things (IoT) capabilities allows organizations to monitor assets in real time, predict maintenance needs, and enhance decision-making based on data analytics.
• Analytics and AI: Advanced analytics and artificial intelligence features enable predictive maintenance and better asset management through data-driven insights.
• Industry-specific solutions: Maximo offers tailored solutions for various industries, addressing specific regulatory and operational requirements, thereby broadening its applicability.
• Collaboration tools: Enhanced collaboration features allows teams to work effectively together, share information, and manage workflows.

Overall, Maximo has transformed into a full-fledged, integrated EAM solution that supports modern asset management strategies and digital transformation initiatives. For both current users and those considering a new EAM platform, Maximo remains one of the best choices on the market.

Leveraging Data for Enhanced Maintenance Plans

Over the years, Maximo has accumulated vast amounts of data on assets, covering areas such as:

• Planned vs. actual preventive maintenance (PM) schedules
• Spares inventory consumption
• Labor and effort consumption
• Purchase orders raised
• Corrective work order frequencies
• Steps taken to resolve issues
• Failure modes and effects analysis
• Planned vs. actual maintenance costs

This wealth of data provides organizations with insights to optimize maintenance schedules, reduce planned outages, predict inventory needs, and set accurate budgets. Maximo’s data-driven approach significantly enhances integrated asset management across industries. With a variety of modules to streamline maintenance and simplify processes, Maximo empowers teams to make faster, better-informed, convenient decisions.

Embracing Change for a Future-ready Application

IBM has announced it will end support for Maximo Asset Management 7.6.1.x and compatible versions on September 30, 2025, making this the ideal time to consider an upgrade.¹

Moving to an updated version of Maximo involves more than just a simple software upgrade. It requires a fundamental change in architecture to support AI and ML applications. This transition is essential for organizations to stay ahead in integrated asset management and ensure their systems remain adaptable. Think of it like upgrading from a trusty car that gets you from point A to point B to a fully electric, self-driving model—while the core purpose remains the same, the new capabilities open up a world of possibilities. Adopting a containerized architecture that’s scalable and deployable across multiple platforms is imperative for meeting today’s demands and preparing for the future.

Partnering with LTIMindtree for a Seamless Transition

When it comes to upgrading to Maximo Application Suite version 9, partnering with LTIMindtree can offer unmatched advantages. LTIMindtree’s Maxelerate platform is designed specifically to simplify Maximo upgrades and implementation, helping clients achieve their goals faster, more efficiently, and at a lower cost.

The Maximo team is part of LTIMindtree’s iNXT practice unit, which focuses on delivering comprehensive asset management solutions across the entire asset value chain, including IT/OT data integration, Industrial AI, IIoT, and Digital Twins. The iNXT Maximo practice is dedicated to delivering high-quality IBM Maximo solutions supported by deep domain expertise in asset-intensive industries like Oil & Gas, Utilities, and Manufacturing. By aligning end-to-end asset management strategies with client business objectives and LTIMindtree’s global Industry 4.0 initiatives, the team ensures clients receive highly tailored, impactful solutions.

As an IBM Platinum Partner, LTIMindtree’s iNXT Maximo practice also benefits from privileged access to IBM’s GSI Labs, comprehensive documentation, and direct product team support. This partnership enhances the reliability of LTIMindtree’s Maximo solutions and enables them to guide clients through the complexities of MAS upgrades. Together, LTIMindtree and IBM Maximo help clients unlock the full potential of their MAS investment, delivering enhanced value from their assets and accelerating their digital transformation journey.

Conclusion

Maximo’s journey from a reliable asset management application to a future-ready, AI-powered solution is a testament to its adaptability and commitment to quality. By embracing new technologies and harnessing years of data, Maximo is poised to lead the way in modern asset management, ensuring that organizations can boost productivity and reliability in their operations.

With Maximo’s latest capabilities, organizations are positioned to gain even more value from their assets.

Ready to Upgrade Your Asset Management?

Discover how IBM Maximo’s latest advancements can elevate your asset management strategy. Partner with LTIMindtree to smoothly transition to Maximo Application Suite version 9 and unlock the full potential of your assets. Contact us today to learn how we can help you stay ahead in the world of Enterprise Asset Management.