Most large asset-intensive businesses are under pressure to maximize profitability. This is balanced against compliance with regulation and the critical issue of mitigating risk. A new strategy called ALIM can help.
Some industries are building new plants and factories, while others are re-purposing existing facilities. All need to get the most out of their asset investments. An emerging information technology strategy offers a comprehensive solution: Asset Lifecycle Information Management (ALIM).
ALIM improves operational excellence
ALIM acts as the glue between systems and teams.
By standardizing asset information services, emphasizing interoperability and supporting extended analytics over wider data sets, ALIM provides a foundation for physical and human asset performance and productivity.
An ALIM strategy covers more than just enterprise content management or asset information management. It includes Project Performance Management (PPM), Asset Performance Management (APM) and Asset & Project Portfolio Management (APPM).
In addition to information storage, ALIM strategies now include strategies for workflow, integration, security, role-based portals and workspaces. This facilitates improved business planning, unlocks opportunities for optimization and supports continuous improvement.