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Asset lifecycle management strategy: What’s the best approach for your business?

IBM Big Data Hub

The following are the six stages of asset lifecycle management: Planning: In the first stage of the asset lifecycle, stakeholders assess the need for the asset, its projected value to the organization and its overall cost. Reduced maintenance costs and downtime: Monitor assets in real time, regardless of complexity.

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What is smart transportation?

IBM Big Data Hub

A less-than-optimal transportation infrastructure affects the economy, hastens environmental impact and lowers the overall quality of living. The whole world, it seems, is fixated on solving transportation issues and increasing mobility because it produces so many benefits for citizens and the economy.

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Asset management vs. parts inventory management: What’s the difference?

IBM Big Data Hub

Here are some of the benefits of effective asset management software: Centralized asset information: Maintenance workers need to know where an asset is and how it’s performing at all times. In order to do this, many use a computerized maintenance management system (CMMS) as part of their overall EAM approach.

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Asset lifecycle management best practices: Building a strategy for success

IBM Big Data Hub

Planning In the first stage of the asset lifecycle, stakeholders assess the need for a new asset, its projected value to the organization and its overall cost. Read this blog post to explore how digital twins can help you optimize your asset performance. The four stages of ALM 1.