Imagine a world where construction costs represent just a fraction of a building's overall expenses. This future is within reach thanks to Asset Life Cycle Management (ALM), a revolutionary approach that unlocks the power of connected data for smarter, more efficient-built assets.

The Problem: Disconnected Data, Costly Consequences

Did you know that most of a building's lifetime costs stem from maintenance and repair? Unfortunately, siloed data from design, construction, and maintenance phases hinders informed decision-making, leading to unexpected repairs and escalating expenses. This "dark data" translates to lost revenue, operational inefficiencies, and unnecessary stress for asset owners.

The Solution: Asset Life Cycle Management (ALM)

ALM breaks down data barriers by connecting internal and external teams through a single, reliable source. This creates a seamless flow of information across the entire asset lifecycle, empowering stakeholders to design, construct, and maintain assets with long-term sustainability and cost-effectiveness in mind.

ALM in Action: Real-World Examples

ALM isn't just a theoretical concept. Here's how it's already transforming industries:

• Minnesota Highway Overhaul: By utilizing a 3D digital model with ALM principles, the project team optimized design iterations, streamlined public notices, and avoided costly winter delays.
• Eletrobras Chesf (Brazil): Engineers integrated data from various sources like lasers, drones, BIM, and GIS to create a "GeoPortal" network digital twin. This improved planning, construction, and maintenance across their vast network of power plants, wind farms, and transmission lines.

The Benefits of ALM: More Than Just Cost Savings

ALM offers a multitude of advantages beyond cost reduction. Here are some key benefits:

• Enhanced Operational Performance: Proactive identification and correction of potential problems ensure optimal asset performance.
• Improved Safety: Early detection and resolution of issues minimize safety risks for occupants and maintenance personnel.
• Reduced Risk and Enhanced Regulatory Compliance: Complete data accessibility allows for better risk management and facilitates meeting regulatory requirements.

Taking the First Step Towards ALM

Ready to unlock the power of ALM? Here's how to get started:

• People-First Approach: Educate and empower employees to understand the value of data democratization and encourage them to participate in the process.
• Phased Implementation: Begin with a specific program area or single project to gradually introduce the new mindset and build a strong foundation before scaling up.
• The Right Technology: Choose reliable vendors with proven track records who can offer solutions tailored to your specific needs.

By embracing ALM, we can revolutionize the way we construct and manage buildings. By prioritizing the long-term, data-driven approach of ALM, stakeholders can create assets that are not just cost-effective but also perform optimally for decades to come. Let's bridge the data gap and build a future of optimized infrastructure!