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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.

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New CIO appointments in India, 2022

CIO Business Intelligence

He has assisted the top management in planning IT strategies and leveraging technologies for rationalizing manpower, enhancing organizational productivity, and improving the efficiency of operations. He brings expertise in developing IT strategy, digital transformation, AI engineering, process optimization and operations.

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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)?

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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.