Asset Management; the accelerator for the Energy Transition and Resilience - Francis McDowell - An Uncomfortable Truth About Asset Information Systems

Francis McDowell - An Uncomfortable Truth About Asset Information Systems

11/04/20 • 83 min

Asset Management; the accelerator for the Energy Transition and Resilience

How should an organization regard Asset Information Systems within its Asset Management?

When considering asset management, many organizations work from the IT solution back, rather than from the business requirements forward. They don’t realize that the principles that define AM should be designed into existing business processes and that this should be done before implementing a new asset registry or management system.

Listen to Francis McDowell, Managing Director of Innovative Thinking (IT), as he shares insights from many years of experience in "design to delivery" implementation of ICT systems for health, transportation, nuclear sciences, telecommunications, and water companies that are on an AM journey.

Frank's profile: https://www.linkedin.com/in/innovativethinkingit/

How should an organization regard Asset Information Systems within its Asset Management?

Frank's profile: https://www.linkedin.com/in/innovativethinkingit/

Previous Episode

Paul Hilford - How Covid-19 Could Affect AM Practices

COVID-19 has already caused significant changes in the way a lot of businesses operate across the world. Some of these changes will revert back to the way things were once COVID is no longer a threat. But could there be longer-term effects on our societies and work cultures?
What could this mean for Asset Owner & Operator organisations, and the Asset Management principles, processes, and procedures they operate within? And if changes are needed - what are Change Management best practices to implement those?
Paul Hilford of E-Step Ltd shares his views.
https://www.linkedin.com/in/paul-hilford-crl-cmrp-estepltd/
This episode is based on Paul's article "The Only Constant in Life is Change - and how it applies to Asset Management in a COVID 19 affected world":
https://www.linkedin.com/pulse/only-constant-life-change-paul-hilford-crl-cmrp/

Next Episode

Marcus Stenstrand - You Should Regard Information As An Asset

Asset-intensive organizations have to manage vast amounts of data to manage their assets and base their strategic, tactical, nd operational decisions on.

The Finnish TSO (Transmission System Operator) Fingrid has been on a journey to develop a digitalized way of working with their assets for many years now. In the global TSO benchmark ITAMS, it can be seen that Fingrid is consistently one of the best performers in that sector. Marcus Stenstrand, Digitalisation Manager and also one of the main responsible for implementing ISO 55000, explains that the starting point is actually that the organization has to make a formal decision to manage its information in the same way it manages its physical assets. Listen to his experiences on obstacles, common myths, and practical steps regarding information as an asset.

ITAMS: https://www.umsgroup.com/Europe/What-we-do/Learning-Consortia/ITAMS/

Marcus’ profile: https://www.linkedin.com/in/stenstrand/