6 Tips on Asset Lifecycle Information Management 

One of the core issues for manufacturing companies – or for that matter, any physical asset intensive industry -- is managing the technical information associated with the vast array of physical equipment that is needed to make the business run. Manufacturers refer to this “asset change management” and the information management solution set associated with it is called “Asset Lifecycle Information Management.” What are the 6 steps that must be addressed in any Asset Lifecycle Information Management Initiative?

1. The state of each physical asset is a critical starting point.
2. Physical assets are changing constantly.
3. There are interdependencies between assets.
4. The volume of information that must be managed can be overwhelming.
5. Be prepared for a wide variety of file types and formats.
6. You will face a variety of user requirements that sometimes can conflict.

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