(2).png?width=50&height=58&name=Planned%20Maintenance%20Optimization%20as%20a%20Service%20(PMOaaS)(2).png)
6 min read
Implementing an Asset Management Data Standard (AMDS)
An Asset Management Data Standard (AMDS) defines what maintenance data to collect, how to structure it, and how it...
Build Trusted Data. Make Better Decisions. Improve Asset Performance.
Accurate asset data is the foundation of every successful Asset Performance Management program. Nexus Global helps organizations standardize asset hierarchies, improve data quality, and establish governance that supports better maintenance, reliability, and business decisions.
Clean Data for Asset Decisions
Data Management
How well do you know your assets?
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.
Data Management in Asset Performance Management (APM) is the process of collecting, structuring, standardizing, validating, and governing asset information so organizations can make reliable maintenance and business decisions. This includes asset hierarchies, equipment classifications, attributes, maintenance history, performance data, and asset health information.
Accurate asset data gives maintenance and reliability teams greater confidence in their decisions. Poor or inconsistent data can affect maintenance planning, reliability analysis, reporting, cost visibility, and the effectiveness of CMMS, EAM, analytics, and AI systems. Clean, structured data creates a stronger foundation for improving asset performance.
Learn more about Data Optimizer™.
An asset hierarchy organizes physical assets into a logical structure, such as site, area, system, equipment, and component. An asset taxonomy establishes consistent classifications, naming conventions, and attributes for those assets. Together, hierarchy and taxonomy create a standardized structure that makes asset information easier to manage, analyze, and compare. The Data Management page identifies accurate and consistent hierarchy and taxonomy as foundational to effective information systems.
Asset data governance establishes the standards, ownership, processes, and controls used to maintain data quality over time. This can include defined data owners, validation rules, change controls, naming standards, audits, and data-quality monitoring. Effective governance helps prevent asset information from becoming incomplete or inconsistent as equipment and business requirements change. Data Optimizer includes governance capabilities for monitoring data quality and integrity.
Data Optimizer™ helps organizations collect, verify, cleanse, update, categorize, and govern asset information. It can support new asset-data builds as well as the improvement of existing data and integrates with EAM and CMMS platforms. This helps organizations create a more accurate and consistent data foundation for maintenance, reliability, APM, digital transformation, and AI initiatives.
1 min read
Increased EAM Efficiency and ROI Through Data Strategy Standard
Doug Robey | CMRP, CRL: Oct 4, 2021
Download the Case Study How a Major Power Generation Company Cut Non-Value Maintenance Tasks by 40% Using Data...
5 min read
Asset Performance Management | More Than Just EAM
Larry Olson | CMRP, CRL, CAMA: Sep 8, 2023
EAM/CMMS is a tool. APM is the operating system—linking strategy, data standards, work management, analytics, and...