Strategic Asset Information Management: Experiences from Finnish Companies

Abstract

Decisions on strategic asset management are crucial from the perspective of improving the sustainability of companies. The new ISO 55000 series of AM standards is a means of improving the AM strategies and practices of companies, and thus their sustainability performance. For this study, three Finnish companies were interviewed about their asset management, especially related to their asset information management practices and sustainability. The results are compared with the asset information management guidelines given in the AM standard. The goal of the research is to find best practices and areas of improvement in asset information management, and thus to improve asset management related decision-making and the sustainability of companies. All the interviewed companies gather and analyse data from their machinery and infrastructure and the analysis and utilization of asset related information is considered important. The economic perspective of AM is seen crucial in decision-making, but also sustainability reporting, maintenance and operating information, value of assets and fault data are utilized. The asset information is scattered in different systems and behind different organisational barriers. Companies, however, strive towards unified asset information management systems.