Broadcasting, Cost-Benefit, Internet of Things and Measurement

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

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

Strategy Management Cost-Benefit IoT

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

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

Management Broadcasting Cost-Benefit IoT

Data Leaders Brief

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

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

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