A new architecture provides a single trusted source of asset data from which to report, analyze and predict, resulting in better-informed decisions and reduced costs.Certain industries – such as the energy, utility, telecoms and transportation sectors – have to manage large volumes of information about physical assets: machinery, transport equipment, infrastructure hardware, etc. Data is collected about every asset as it passes through the many stages of its lifecycle, from planning through to design, operation, maintenance and decommissioning. At each stage, one or more application systems collect asset data, resulting in large pools of information.
What organizations usually lack, however, is a consolidated view of all core asset data across the lifecycle. Achieving this consolidated view can bring substantial benefits. This paper outlines our recommended approach to creating the necessary consolidated view.