How do information assets relate to managing physical assets?

PAS 55

How does this Publicly Available Specification for Asset Management relate Information and Operational Technologies to Asset Management?

Information and knowledge is vital when it comes to knowing how to manage your physical assets. What condition are they in? What maintenance has been done in the past? Are they obsolete? Good quality data and information are rare but absolutely essential to develop and implement asset management plans. In this day of a retiring skilled workforce, so much knowledge is walking out the door. We have to cover our bases including planning for succession, capturing this vital knowledge if we can, and managing assets in a new way.

Important considerations for information as it impacts physical assets include the asset's condition, its performance, activities that need to be performed on-and-around the asset, related costs, and opportunities to improve performance.

In my opinion, Information Technology and Operational Technologies are enablers - they help the right people out at the right time to do their jobs. Check out FORTIG for a clearer explanation of how these pieces fit together! FORTIG is PAS 55 compliant. It's PAS 55's digital twin.