3 Hypes and Trends in Industry
3.1 Asset Management
Managing industrial assets efficiently and effectively is necessary for a sustainable society.
An asset is an item, thing or entity that has potential or actual value to an organisation. The value will vary between different organisations and their stakeholders, and can be tangible or intangible, financial or non-financial (ISO55000, 2014).
Asset management is also an enabler of a circular economy, which aims at reduction of material consumption and waste, extension of life lengths (increased life), and optimisation of power consumption. Asset management involves the balancing of costs, opportunities, and risks against the desired performance of assets to achieve ...
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