Lifecycle management answers you can live with

According to Don Barry, associate partner in global business services in the supply chain operations and asset management solutions with Armonk, New York-based IBM Corp., the ideal time to start considering an asset management program is before the business and its IT infrastructure is even up and running. But the common scenario is corporations will look to asset management after they’ve encountered a problem running the infrastructure.

The drivers are mostly economic, and indicative of current operational issues, said Barry. And, it can also be environmental, “if I’ve got something playing a certain role, how do I continue to expand that role?”

But businesses’ mentality around asset management is evolving. Companies used to consider solely reliability, availability and overall equipment effectiveness in that equation. But now, said Barry, there is recognition of factors like continuing pressures on cost and green technology, for instance.

“It really requires a mature organization to understand what’s going to be needed to assess and execute a lifecycle management strategy,” he said.

Why is a lifecycle management program important?

Elisabeth Vanderveldt, vice-president of business development, with Montr

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Articles

Cybersecurity in 2024: Priorities and challenges for Canadian organizations 

By Derek Manky As predictions for 2024 point to the continued expansion...

Survey shows generative AI is a top priority for Canadian corporate leaders.

Leaders are devoting significant budget to generative AI for 2024 Canadian corporate...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now