Connected Everything: Asset Lifecycle Management

The evolution of asset lifecycle management

In today’s age of the Fourth Industrial Revolution, the amount of possible data points available for each asset is significantly larger than ever before, a trend that will only be exacerbated as technology continues to evolve. Advanced connectivity, low-latency integrations, and streamlined operations powered by 5G and edge computing enable asset life cycle management use cases that transform the way your organization manages assets.

It is imperative that organizations understand the current state of their asset portfolios, including what assets are owned, where they are located, how much they cost, and their operational characteristics. Without this information, critical functions such as capital planning, engineering, finance, accounting, and operations struggle to perform their job in an efficient and effective manner.

A proven approach to asset lifecycle management takes more than just technology—it also requires aligning people, processes, systems, and data. Deloitte’s Connected Everything solutions take a human-centered approach to augment human intelligence with machine intelligence to deliver improvements in automation, performance, safety, and workforce transformation across the digital network.

Asset lifecycle management capabilities

Explore use cases and real-world impact in the full report.

Get in touch

			Paul Chill Principal, Financial Advisory Connected Everything: 5G & Edge Computing Advisory Leader +1 404 220 1950 pchill@deloitte.com				J.R. Hoover Manager, Financial Advisory Connected Everything: Asset Lifecycle Management +1 713 391 0347 jhoover@deloitte.com