Asset Management Excellence: Optimizing Equipment Life-Cycle Decisions

Asset Management Excellence: Optimizing Equipment Life-Cycle Decisions, the third edition, acknowledges the changes in the Asset Management business and introduces new insights and technologies to support it. It emphasizes the importance of aligning AI with the fundamentals and encourages organizations to consider their next steps toward their new challenges in Asset Management.

Format: Hardback
Length: 526 pages
Publication date: 09 February 2024
Publisher: Taylor & Francis Ltd

This is the third edition of Asset Management Excellence: Optimizing Equipment Life-Cycle Decisions, a comprehensive guide to the field of asset management. Recognizing the significant changes that have taken place in the Asset Management industry over the years, this edition aims to provide a comprehensive understanding of the underlying principles while incorporating the latest developments and trends.

Since the second edition, asset management has been influenced by a multitude of factors, including societal expectations, evolving technologies, and new perspectives on thinking. In response to these influences, the contributors to this edition have revisited the content and added valuable insights and information based on the emerging trends in asset management and the continuous evolution of applied technologies.

One of the key highlights of the third edition is the updates across each chapter of the second edition, ensuring that the content remains aligned with the latest insights and perspectives. The book also introduces new chapters on technologies such as related software packaging, the Internet of Things (IoT), Machine Learning, and Artificial Intelligence, which have become essential tools in asset management. These chapters provide valuable insights on how these technologies can be leveraged to support asset-intensive organizations in their quest for competitive advantage, operational excellence, and automation.

Another important chapter in the third edition is dedicated to sustainability, recognizing the growing importance of environmental and social responsibility in asset management. Asset-intensive organizations are increasingly focusing on sustainability initiatives to reduce their environmental footprint and improve their social impact. This chapter explores the influence that asset management can have on sustainability efforts and provides practical strategies for integrating sustainability principles into asset management practices.

Change enablement is another critical aspect of asset management that is addressed in this edition. As technology changes and processes evolve, asset-intensive organizations need to adapt and ensure that their stakeholders are well-informed and supported. This chapter provides an in-depth exploration of the change enablement process, including the technologies and strategies that can be used to facilitate effective change management.

The fundamentals of asset management remain essential as asset-intensive organizations seek to leverage technology to improve their operations. The third edition emphasizes the importance of confirming and aligning AI with the fundamental principles of asset management to ensure that it is used in a responsible and effective manner.

Overall, the third edition of Asset Management Excellence: Optimizing Equipment Life-Cycle Decisions is a valuable resource for asset managers, professionals, and organizations seeking to optimize their equipment life-cycle decisions and achieve sustainable growth. With its comprehensive coverage of the latest trends, technologies, and best practices, this edition provides a roadmap for navigating the complex world of asset management in the years to come.

Weight: 1160g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032679396
Edition number: 3 ed