Remove Broadcasting Remove Forecasting Remove Internet of Things Remove Strategy
article thumbnail

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

IBM Big Data Hub

Here’s what you need to know in order to build a successful strategy. We’ll go deeper into EAMs, the technologies underpinning them and their implications for asset lifecycle management strategy in another section. What is an asset? First, let’s talk about what an asset is and why they are so important.

article thumbnail

Asset lifecycle management best practices: Building a strategy for success

IBM Big Data Hub

But where do you start and how do you know which ALM strategy is right for you? The maintenance strategies that companies use most frequently are broken down into four stages of the asset lifecycle. A sound ALM strategy ensures compliance no matter where data is being stored. What is asset lifecycle management (ALM)?

article thumbnail

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

IBM Big Data Hub

When it comes to managing assets throughout their lifecycle, business leaders know they need a comprehensive strategy in place to succeed. But they aren’t always clear on the strategic opportunities around parts inventory management and the role it plays in maintenance strategy.