The digital transformation of industrial processes is currently driving the next generation of asset management solutions that are destined to be intelligent, automated and cost-efficient. Nevertheless, the transition from current paradigms to Industry 4.0 compliant, fully digital approaches to asset management is an extremely challenging task. It entails changes in the technological infrastructure, the asset management processes and the business management of industrial organizations. Therefore, understanding the challenges and identifying possible solutions across all these directions is the key to a successful transition to Intelligent Asset Management (IAM).
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