Managing the lifecycle of assets plays a significant role in how organizations monitor, maintain, and enhance their assets from the moment they are obtained until they are disposed of. This proactive strategy guarantees that both physical and intangible assets are utilized to their potential throughout their lifecycle, leading to increased efficiency and overall success for businesses. In this article, we will explore the stages of asset lifecycle management and discuss some effective strategies for handling assets from inception to retirement.

Workforce technology and automation investments need to be communicated as part of improved labour hiring efforts.

AlmaAI®, the family name for the AI features within the Almaden Collective IQ® Business Edition, represents a sophisticated approach to problem analysis and resolution. Driven by cutting-edge technology, such as generative AI, AlmaAI harnesses the power of computer intelligence to detect issue patterns and suggest recommendations for correction. It also helps organize IT priorities to address reported and unreported problems, as well as anticipate needs.