Data in Asset Management
Chair
Julian Watts
Associate Director KPMG
Asset Data Management System Model
Click the image below to view the interactive model
Data in Asset Management News
Impact of AI on NFP Organisations
A whitepaper released by SMS in 2023 provides some insights on leveraging AI. Although written specifically for associations it has relevance to the Asset Management Sector and many of the AM Council’s members: An Introduction to ChatGPT and AI. Overview...
Standards Australia Digital Twin White Paper March 2023
Standards Australia have released a Digital Twin White Paper in response to identified challenges of digital twins in Australia. The paper recommends actions that can support Australia’s journey to national Digital Twin advancement and global positioning and...
Cyber Security & Asset Management Standards in the Australian Mining and Minerals Industry
Survey invitation - a study to expand awareness and promote best practice Highly sophisticated cyber-attacks are proliferating at an alarming pace worldwide, yet some industries are exposed to higher risks than others. The nature of the mining industry, for instance,...
Data and Decision-making
Data is a critical asset that can determine a business’s success, when integrated with asset management frameworks and appropriate tools. Given the amount of data available, it is easy for some organisations to feel overwhelmed. The challenges presented by data,...
EoI sought for web based publication ‘An Interactive Guide to Asset Data Management’
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...
Digital Twin for Earth
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...
Online Asset Map
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...
Data Rich, Intelligence Rich!
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...
Cyber Threats to Infrastructure
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...
Shanghai gets a Digital Twin
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...