SAP S/4HANA Enterprise Asset Management (EAM) is a next-generation ERP solution aimed at optimizing asset management throughout their lifecycle. It enhances operational efficiency, reduces downtime, and improves decision-making through real-time insights, while requiring careful implementation to suit specific business needs. Unlike traditional SAP PM, S/4HANA EAM leverages an in-memory database for better performance and accessibility, utilizing the modern Fiori interface and mobile capabilities.