Asset Data Management System – A White Paper for Discussion

DiAM 600 acrossThe Data Special Interest Group has developed an Asset Data Management System Model for discussion by the AM Council membership. Take a look at the details here.

Feedback Sought on the Asset Data Management System Model White Paper
Julian Watts is the AMCouncil National Lead for the Data Asset Special Interest Group (DiAM SIG) and would like to receive feedback on the white paper via email and is interested in finding out your response to the following questions:

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Improving Profits Using Data

Imrproving Profits Using DataAsset-intensive industries continually strive to improve profitability while at the same time reducing business risk and expenditure. Today’s financial climate and market competition require organisations to improve productivity and asset performance with less resources and capital. A recent study indicated that around 47% of organisations associated the inability to achieve asset management goals with the ‘lack of visibility into actual asset condition and performances’. To read the rest of the article co-written by Mustapha El Hayek and Ian Gordon from Meridium, please visit here.

Integrating the Analytics

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Capturing data is all well and good, but converting it into meaningful information that informs key decision making, in a timely way, can be a real challenge. Discover the core barriers to effectively gathering, cleansing and then analysing data so you can improve you data management and ultimately, make better business decisions.

 

Read more here. (This content is available for members only, see our affordable membership options here).

#bigdata, #assetmanagement, #analytics, #lifecyclecost, #performancemanagement, #assethealthmanagement,

Be Data Driven and Drive Better Results

BLOG19Discover how an Australian utilities company used big data-driven insights to optimise lifecycle planning, budgeting and strategic management. The solution was easy to use and easy to understand, enabling the organisation to proactively identify problematic or costly assets prior to asset failure and to use predicted future costs to inform annual maintenance activity. Discover how the intelligent allocation of limited resources and the accurate forecasting of future asset costs provide huge benefits.

Read more here. (This content is available for members only, see our affordable membership options here).

Big Data – Better Profits

Better ProfitsToday’s tough financial climate and market competition requires organisations to improve their productivity and asset performance with less resources and capital. Discover how Asset Performance Management (APM) strives to use the increasingly large amounts of data to help asset management professionals make better decisions for their businesses.

For many decades, asset intensive organisations have been collecting data to improve asset performance. Over the last few years, the term ‘Big Data’ has been referred to repeatedly by executives, practitioners, and vendors across industry forums, online blogs, and social media. Recently, the level of interest has shifted from simply understanding ‘what Big Data is’ and more towards ‘How can we use Big Data to improve asset performance and revenue’.

Read more here. (This content is available for members only, see our affordable membership options here).

Big Data – Big Benefits?

BLOG 16 imageBig Data is a hot topic – there’s an increasing trend to focus on the value that data analytics can bring to business. But despite the buzz, there is very little attention being paid to the quality of all this data. Discover just how important quality is when it comes to your data and learn about a simple four step solution to improving data quality.

With so many new tools and software being developed to provide ‘silver bullet’ solutions, from advanced dashboard and reporting to graphic visualisation and predictive capabilities, it’s important to keep in mind the challenges to managing all this information, and the dangers that inaccurate or poor quality data can pose to your business. Here’s how to avoid potential losses and incorrect decisions being made due to dodgy data.

Read more here. (This content is available for members only, see our affordable membership options here).