Organizations are looking to implement bold and exciting solutions to streamline their maintenance operations. The industrial internet of things (IIoT), digital twins, and Industry 4.0 are the latest in a long line of maintenance buzzwords. Many companies, however, often ignore the very thing that will fuel these future maintenance strategies: data. Foundational data includes everything from asset naming conventions in your CMMS/EAM to failure codes or asset criticality. It isn’t the latest buzzword, but data is the foundation for any asset performance management framework.
In this session, we’ll explore the definition of foundational data, why it’s critical for your CMMS or EAM, and how standardization will help develop a strategic APM framework. Discover how simple changes to your data strategy will drastically reduce maintenance costs and boost savings.