Data in Asset Management

Digital tools are becoming an increasingly beneficial element of asset management. Digital asset management can be approached in many different ways: an entire system designed from the ground up, or stand-alone tools that help diagnose when an asset needs maintenance...

Many businesses can find themselves overwhelmed with data. Asset managers can also feel inundated with data. Collating vast amounts of data into asset registers or folders is one way to store and protect the valuable information. But without linking into an asset...

Every society depends on infrastructure: energy, roads and transport, supply chains, water, and communications. The computerised connectedness of all critical infrastructure, along with our dependence on its reliability, means it is exposed to cyber-attacks and...

The use of digital twin technology in asset management brings a complementary partnership. Through their ability to predict downtime and failures, streamline maintenance procedures, and bring innovative solutions to complex problems, any digital twin has potential to...

AMCouncil Data in Asset Management (DiAM) special interest group (SIG) e-news out now, packed with all the latest and greatest data news. Check your inboxes to read all the latest or view it here. Not aligned with the Data SIG? Update your profile here. A quick tick...

Data has changed the world. How we live our lives, and certainly how we work. In asset management, there is no doubt that data can transform maintenance practices, extend the life of an asset, and through these features alone can bring in greater value for the...

With data becoming increasingly more critical in every aspect of our lives, it makes sense to leverage its transformational power. Data is the core capability that ought to underpin every organisation’s business objectives and asset management plans. However, the...

Working with data is a must. In our technical world, we can’t avoid data. Within asset management, data can help businesses build value. This can be achieved via data mining, which is the extraction of patterns within large data sets, and as there is almost always...

Connected assets are not new. Already, we have connected assets: in our schools, hospitals, businesses, media and politics. Laptops, smart phones, tablets and other IoT devices mean that more than ever, we can connect with people all around the world. But what if we...

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