What is Asset Lifecycle Information Management - ALIM?

By Ralph Rio

Industry Trends

Asset lifecycle information management (ALIM) assures high data integrity across systems and the associated people during the lifecycle of an asset from design, commissioning, handover, operations and de-commissioning.  A key function involves sharing of information so that all parties have the current document.  It also involves governance for authorization to read, edit or replace with an audit trail. 

Asset Lifecycle Information Management
         Asset Lifecycle Information Management

ALIM Needed in Design & Build, and Operations

Good ALIM helps assure an upgrade project or new plant is built on time, in budget and on specification.  Delays and rework are avoided when people have access to the current information when and where the need it.  During operations, ALIM improves the data integrity of the various systems to avoid conflicts and support delivery of quality products on schedule.

Asset Lifecycle Information Management is Different

Asset information lifecycle management enables asset-intensive organizations to optimize the returns from their substantial investments in equipment and facilities.  ALIM is needed by every asset-intensive organization to provide its people with good asset information.  ALIM may appear to be similar to other information management challenges, like customer information management and product information management, but asset information has certain characteristics that merit special attention.  Some typical examples follow:

  • Unique technical information forms and formats not supported by conventional information management platforms
  • Extremely long lifetime and stringent, regulated recordkeeping requirements
  • Extensive, complex cross referencing between documents and data that must be considered in information quality management processes and user interfaces
  • The need to support widespread duplication of information across a variety of locally-managed applications
  • Complex handovers of volumes of new and modified information during greenfield and brownfield projects
  • Many external stakeholders whose use and modification of asset information has to be closely monitored and coordinated with internal quality and security processes

The requirements for good asset lifecycle information management are simple and straightforward.  It has to be complete, accurate, consistent, and timely to avoid confusion and costly mistakes.  In addition, it has to be accessible, understandable, actionable, and sharable for people to leverage it for higher efficiency and better decision-making.

Asset Lifecycle Information Management ALIM Attributes
     Asset Lifecycle Information Management Attributes


Current Asset Lifecycle Information Management (ALIM) Trends

In operations, ALIM is often used to share information among the applications for enterprise asset management (EAM), control systems, reliability and predictive maintenance.  ALIM helps assure that the systems used to support production have high data integrity and accurate asset information.  With Industrial IoT, the adoption of predictive maintenance is rapidly increasing and placing increasing need for good asset lifecycle information management.

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