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Connected Everything: Asset Lifecycle Management
Benefits for capital planning, asset tracking, and more
How can Connected Everything solutions help elevate your organization’s asset lifecycle management capabilities? Explore the benefits and real-world impact.
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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
We provide a wide range of value throughout the entire asset lifecycle, advising clients on improvements to processes, controls, data, and systems across key functional capabilities.
Explore use cases and real-world impact in the full report.
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Paul Chill |
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J.R. Hoover |
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