One of the main goals of asset management is to ensure that assets are more resilient. Whether it is a highway, a building, a railroad, or an entire city, all of these assets are subject to different types of deterioration due to disrupting climatic changes. As these assets age, significant investments are made to maintain basic performance levels.
In addition, the risk of natural disasters can mean that an organization not only loses its assets, but it is extremely difficult to identify the loss. This is why the digitizing assets and related information (asset functional and location hierarchy, asset attributes, asset condition, operational status, etc.), is so important.