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

IBM Big Data Hub

By coupling asset information (thanks to the Internet of Things (IoT)) with powerful analytics capabilities, businesses can now perform cost-effective preventive maintenance, intervening before a critical asset fails and preventing costly downtime. Put simply, it’s about fixing things before they break.

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Asset lifecycle management best practices: Building a strategy for success

IBM Big Data Hub

Reduced risk of security breaches: Through real-time asset tracking and improved asset security capabilities, market-leading ALM systems can now help businesses track and monitor their assets in a way that helps prevent theft and data breaches. What follows are some asset lifecycle management best practices that companies rely on.