Your organization generates an enormous amount of data that could help you improve your utility’s performance, but if it resides in separate organizational silos with different naming and governance standards, it will be difficult to use data in a way that enables meaningful, timely action.
ISO 55000 defines common language standards for implementing digital asset management strategies that integrate data and give a holistic snapshot of a utility’s performance. Integrating this data can enable:
- Asset health/condition-based maintenance
- Risk management and decision-making
- Compliance with regulatory mandates
- Real-time situational awareness