What is asset lifecycle management (ALM)?

This is a podcast episode titled, What is asset lifecycle management (ALM)?. The summary for this episode is: <p>This episode of <em>Techsplainers</em> explores asset lifecycle management (ALM), the comprehensive process that helps organizations maximize the value and lifespan of their valuable resources. We break down the four key stages of ALM—planning, procurement, usage, and disposal—and explain how modern technologies like IoT sensors, digital twins, and enterprise asset management systems enable real-time monitoring and preventive maintenance. The discussion covers various asset tracking methods including RFID tags, GPS monitoring, and QR codes, while highlighting the major benefits of effective ALM: extended asset lifespan, reduced costs, minimized downtime, and increased operational efficiency. We also examine how cutting-edge technologies like artificial intelligence, augmented reality, and robotics are transforming asset management by enabling predictive maintenance, remote inspections, and enhanced worker capabilities.&nbsp;</p><p><br></p><p>Find more information at <a href="https://www.ibm.com/think/topics/asset-lifecycle-management" rel="noopener noreferrer" target="_blank">https://www.ibm.com/think/topics/asset-lifecycle-management</a></p><p>Find more episodes at <a href="https://www.ibm.biz/techsplainers-podcast" rel="noopener noreferrer" target="_blank">https://www.ibm.biz/techsplainers-podcast</a>&nbsp;</p><p><br></p><p><strong>Narrated by Ian Smalley&nbsp;</strong></p>