Emerging technologies are transforming asset management, leading to a digital disruption of how they are managed. These technologies are constantly changing how our world is being designed, built and supported, with asset management being radically altered by innovations that were once unimaginable.
Smart asset management is the latest digital disruption, and it’s not difficult to see why. Digital solutions have enabled stakeholders to gain valuable insights from their physical assets, enhancing collaboration and innovation across the entire asset lifecycle. The visibility of relevant, quality data in real-time has allowed projects to be delivered with more control and predictability, helping minimise risk and reduce conflicts and cost. With improved data intelligence, better decisions can be made during the asset’s operation, leading to enhanced performance, predictive maintenance, reduced risk, and improved sustainability.