Information as a key dimension to develop industrial asset management in manufacturing

Abstract

PurposeThe purpose of this work is to investigate industrial asset management (AM) in manufacturing. After depicting gaps for AM in this sector, the role of information as a key dimension is considered to realise a summary of challenges and advices for future development.Design/methodology/approachThe work is grounded on an extensive systematic literature review. Considering the eligible documents, descriptive statistics are provided and a content analysis is performed, both based on a sector-independent normative-based framework of analysis.FindingsAM principles, organisation and information are the dimensions defined to group ten areas of interest for AM in manufacturing. Information is the major concern for an effective AM implementation. Moreover, Internet of Things and big data management and analytics, as well as data modelling and ontology engineering, are the major technologies envisioned to advance the implementation of AM in manufacturing.Research limitations/implicationsThe identified challenges and advices for future development may serve to stimulate further research on AM in manufacturing, with special focus on information and data management. The sector-independent normative-based framework may also enable to analyse AM in different contexts of application, thus favouring cross-sectorial comparisons.Originality/valueIndustries with higher operational risk, like Oil&Gas and infrastructure, are advanced in AM, while others, like some in manufacturing, are laggard in this respect. This literature review is the first of a kind addressing AM in manufacturing and depicts the state-of-the-art to pave the way for future research and development.