IBM Big Data Hub

JUNE 20, 2023

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.

Strategy 79

Strategy Management Cost-Benefit IoT 79

IBM Big Data Hub

JUNE 15, 2023

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.

Management 74

Management Broadcasting Cost-Benefit IoT 74

IBM Big Data Hub

JULY 5, 2023

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. At this point, it’s important to weigh the depreciation of the asset against the rising cost of maintaining it. The four stages of ALM 1.

Strategy 58

Strategy Management IoT Cost-Benefit 58