Industry Leaders Round Table: Data Driven Asset Management

In the first half of 2022, MaxGrip organized a Round Table on the topic of Data Driven Asset Management. It was attended by ten maintenance and operations managers from leading companies like Heineken, Abbott Nutrition, Waternet, Vopak and Smurfit Kappa Parenco. The summary of what was discussed can be found below.

The Quality of Data
The Round Table participants agreed that it is essential to first get the foundation right. Standardize the way of working across the organization. Data then becomes the enabler to get information and insights out of the data. The interpretation needs to be aligned with the business context and goals. That is important to take into account. When that is done the next step is to translate the insights into actionable decisions.

In this first part, we also discussed the topics Predictive Maintenance & Data Driven Decision Making. You can read more about these discussions in the whitepaper.

The Ownership of Data and WIIFM
An organization needs to have clear agreements on who owns the data and who is responsible for its upkeep. To get the staff enthusiastic about a data-driven way of working it helps to stress the ‘What’s in It for Me (WIIFM)’ factor. This makes the change easier and makes it relatable and tangible.
You need to also demonstrate that the data can add value to your job and the organization. To that end, data experts need to translate findings to a way that works for field workers. Data is sometimes viewed as a threat by field workers; This is something to keep in mind when implementing data-driven asset management.

Besides The Ownership of Data and WIIFM factor we also discussed the topics Having the Right Skills and Connecting Generations & Collaboration between siloes in part 2. You can read those discussions in the whitepaper.