GREENVILLE, S.C. – May 13, 2003 – Datastream Systems, Inc. (NASDAQ: DSTM) today announced that Dow Jones & Company (NYSE: DJ) is in the process of configuring and installing the Datastream 7i Web-architected enterprise asset management (EAM) solution.
Dow Jones is using Datastream 7i to standardize maintenance and optimize the performance of capital assets across multiple production facilities located in the United States.
Dow Jones publishes the world’s most vital business, financial and economic news, including The Wall Street Journal with paid circulation of more than 1.8 million, and Barron’s, the premier financial weekly in the United States. The company is deploying Datastream 7i to help reduce plant downtime and increase operational efficiency.
“We will use Datastream 7i for a variety of reasons, first and foremost to improve and standardize the maintenance activities in our production sites,” said Michael F. Sheehan, vice-president of production for The Wall Street Journal.
Dow Jones selected Datastream 7i for its ability to meet business requirements, history of deployment success and Web architecture. Its multi-site capabilities will facilitate the transfer of asset and maintenance information across the Dow Jones facilities, because all maintenance employees will be working from the same central database. Datastream 7i allows for the use of key performance indicators (KPIs), presented as simple HTML graphics via Web services technology, providing executives with at-a-glance information on operational performance.
Datastream 7i’s multi-site deployment capability also enables cross-facility inventory optimization. For example, if one site is short on parts, user’s can check to see if the part is available from another location before submitting a rush order with a vendor.
“Publishers such as Dow Jones & Company have some of the most demanding uptime requirements of any industry; there is absolutely no room for delay when producing time-sensitive publications such as The Wall Street Journal,” said Larry Blackwell, president and CEO of Datastream. “With Datastream 7i, companies can standardize their processes across the enterprise, improve asset performance and minimize the expense of downtime.”