by Kai | Mar 31, 2021 | Data in Asset Management News
Expressions of Interest sought. Be part of the web based publication – An Interactive Guide to Asset Data Management – Closes Friday 9th April
The Data in Asset Management special interest group is writing an interactive guidance document to support asset data management aligning to the Asset Management Capability Delivery Model and Asset Management System Model.
The document is to be written by members for members capturing experiences and sharing stories, tips and tricks to assist practitioners around 10 key themes.
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by Kai | Mar 12, 2021 | Data in Asset Management News
The European Union’s ten-year initiative, Destination Earth, involves the creation of a digital twin of earth.
The highly accurate digital model of earth will map climate development and extreme events as accurately as possible in space and time. Observational data will be continuously incorporated into the digital twin to predict possible future trajectories. Information available from the earth’s twin will be used to:
https://www.amcouncil.com.au/news/56-member-news/100097-digital-twin-for-earth.html
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by Kai | Nov 15, 2020 | Data in Asset Management News
Digital tools are becoming an increasingly beneficial element of asset management. Digital asset management can be approached in many different ways: an entire system designed from the ground up, or stand-alone tools that help diagnose when an asset needs maintenance or to provide alerts regarding breakdown and failure.
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by Kai | Nov 8, 2020 | Data in Asset Management News
Many businesses can find themselves overwhelmed with data. Asset managers can also feel inundated with data. Collating vast amounts of data into asset registers or folders is one way to store and protect the valuable information. But without linking into an asset management strategy that supports long-term business goals, your business will only leak value and increase risks. Too much data and incorrect use makes the business data rich, but intelligence poor.
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by Kai | Oct 25, 2020 | Data in Asset Management News
Every society depends on infrastructure: energy, roads and transport, supply chains, water, and communications. The computerised connectedness of all critical infrastructure, along with our dependence on its reliability, means it is exposed to cyber-attacks and functioning societies are therefore at risk of significant disruption.
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by Kai | Sep 30, 2020 | Data in Asset Management News
The use of digital twin technology in asset management brings a complementary partnership. Through their ability to predict downtime and failures, streamline maintenance procedures, and bring innovative solutions to complex problems, any digital twin has potential to help an organisation build value.
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