Investments in asset management software can provide benefits that far exceed the costs and technical challenges. A key to success is to manage assets on a lifecycle basis, tracking all relevant data from concept and commissioning through end of life and disposal. An asset lifecycle information management (ALIM) strategy can optimize visibility into current operations and create a solid foundation for master data management, business intelligence, and analytics.
This whitepaper describes the current state of asset management and explains why companies adopting ALIM report strong benefits and satisfaction. It also provides recommendations that will give you an edge and a competitive advantage when adopting ALIM.