Navigating 2025: Insights into the Future of Asset Lifecycle Management
As we look ahead to the remainder of 2025, organizations are likely to face new opportunities and new challenges, as strategies for effective asset lifecycle management continue to evolve rapidly, driven by technological advancements and shifting industry dynamics.
During a recent webinar, our SVP & Head of Strategy, Brian Bell, explored some of the biggest emerging trends in asset lifecycle management this year, offering valuable insights on how organizations can leverage better technology to create more resilient and sustainable operations and assets for the people who depend on them most.
Challenges facing asset lifecycle management
One of the key challenges discussed is the increasing complexity of managing assets across diverse industries, from manufacturing to healthcare to local government. Asset managers are faced with the need to balance operational efficiency with sustainability goals, all while managing aging infrastructure, a growing workforce shortage, and the rising demand for data-led decision-making.
This challenge only grows more difficult, as experienced asset managers continue to retire, leaving organizations struggling to retain knowledge and expertise. This shift makes it critical to place an emphasis on automation and more modern technology to help bridge these knowledge gaps and ensure continuity.
Insights for 2025
To succeed in this new era, asset managers must adopt a more strategic approach to managing assets. Some of the strategies discussed during the recent webinar included:
- Prioritizing data-driven decision making by investing in software that can collect and analyze asset data to predict failures before they happen, enabling proactive maintenance and better capital planning.
- Embracing predictive and preventative maintenance – which studies show can reduce downtime in excess of 20-50% – and extend the life of critical assets, saving organizations money in the long run.
- Integrating sustainability into asset management by leveraging technologies that reduce energy consumption, optimize resource use, and support net-zero carbon goals.
- Adopting smart technologies to create accurate simulations, improve risk management, and simplify decision-making by leveraging real-time data and digital representations of physical assets.
The path forward
For asset managers to stay competitive in 2025, it’s essential to not only address these challenges but also actively implement strategies that embrace technology and forward-thinking practices.
With the right tools in place, organizations can create more resilient operations that not only meet current demands but also position themselves for future growth and sustainability. Asset managers who embrace these strategies will be better equipped to tackle the complexities of the modern asset management landscape and ensure their organizations thrive in an increasingly dynamic world.
This is only a slice of the value and insights that were offered during webinar. If you’re interested in learning more, we highly encourage you to watch the full on-demand recording of “Navigating 2025: Insights into Asset Management, Data-Driven Strategies, and Sustainability.”
Or click here if you would like to read more about the future of asset and facilities management – and why going beyond a standard CMMS is crucial for success.
