Asset Data Management

Managing asset data effectively will help organisations improve operations, maximise revenue, reduce risks, allow for innovation and give an organisation a competitive edge. Asset Data Management is vital for the successful implementation of a sound maintenance strategy, it is a process of resource allocation, optimisation and utilisation. For organisations to make effective data driven decisions, they need to carefully consider and rigorously analyse the information they hold for critical assets.

Up to date and accurate management of physical asset registers must be prioritised and aligned with the objectives of the organisation. If this is not implemented, maintenance plans are unlikely to have the desired effect.

Consequences of poor asset data management practices:
  • Poor return on your investment.
  • Reduced productivity.
  • Inconsistency and inaccuracy of reliability data for equipment.
  • Design and engineering improvements are impacted by poor data collection.
  • Increase in maintenance costs and planning.
  • Supply chain issues across multiple sites.

Our consultants have extensive knowledge and experience within Asset Data Management, ranging from Asset Register updates, Asset Hierarchy Build and Remediation and Identification and Alignment of Safety-Critical Elements. By merging existing solutions with new technologies, organisations can manage their assets more efficiently than ever before.

We utilise specialised software to build Asset Data Management structures that can then be integrated with and transferred into existing CMMS such as SAP and Maximo.

Key services within Asset Data Management sphere include:
  • Asset Hierarchy Build
  • Master Equipment List (MEL)
  • Equipment & Location Hierarchy
  • Operational Readiness
  • Safety Critical Element Identification & Alignment
  • CMMS Data Management
Asset Data Collection and Verification

Our asset data collection and tagging solutions ensure the right level of data is correctly captured and linked barcode or RFID tags to form the basis of your asset tracking system. This provides a reliable means for identifying individual assets, updating asset records, and enables you make smarter, data-driven decisions.

Data Cleansing

We specialise in providing high-quality master data cleansing, enrichment, and classification services by pairing tools built around industry standards with a wealth of knowledge from our subject matter experts. Our approach aims to standardise (by developing and implementing appropriate taxonomy), validate, and enhance your asset data to provide master data that is free of duplication, consistent, attribute-rich, and configured to the requirements of your ERP, EAM, or CMMS.

With access to various dictionaries from ECCMA, ANGLO, DLIS, NRICSC, and PIDX for example, we classify each item under a unique technical specification class type and assign the appropriate UNSPSC Code for identification purposes.

World Class Standards

Optimal are proud to work to a set or best-in-class standards for data management and planned maintenance, such as: