Asset taxonomy combined with performance data and asset health information are some of the important inputs used in making decisions and setting priorities for asset management. When information is accurate and relevant, better decisions are made. In today’s competitive environment, poor data and data management systems limit the ability of managers to achieve the best outcomes from their operations.

Having an accurate and consistent hierarchy and taxonomy is the foundation on which to build information systems. Data collection costs money and requires the support of a range of stakeholders in the operation – including the operators of the equipment. Systems need to be simple, efficient, and easy to integrate; but more importantly, strategic in choosing which data is collected.

Nexus Global’s Data Management provides systems to build and audit your asset structure and taxonomy through their understanding of processes, equipment classes, and human factors; allowing you to deliver value to all of the stakeholders.