Insight from The Institute of Asset Management
Unlocking the Value of Asset Data - with Mark Homer
First published in Assets, the magazine for Members of the IAM. August 2018
Collecting data becomes easier, analysing that data to find valuable insights becomes more of a pressing challenge. A recent report offers insights into the scale of the untapped value. This is the third such research project in a series of studies which has considered the maturity of the service industry, the cost of unplanned downtime and the impact of new generation working practices.
A clear picture is emerging that shows as a CEO, you have no choice if you are to remain competitive and relevant in the digital landscape. The Industrial Internet of Things (IIoT) is here, and it comes down to the choice of business survival versus extinction.