In 2020, the world was surprised and ill-prepared by the coronavirus pandemic. Asset management, which at its core involves mitigating risk, stood poised with key guidelines that proved helpful in many countries’ recovery phase. From there, we can see some upcoming trends in asset management for 2021 as researched by Department of Infrastructure and Regional Development.
This year, it will be critical for businesses to better leverage the use of IoT. With many employees predicted to continue working from home into at least the first half of 2021, the IoT will help keep staff connected and engaged, productive and accountable. Also, intelligent systems, once implemented will help reduce overall costs to the business and, importantly, will transform your maintenance practices from reactive to proactive.