What is Asset Data Management?

What does Asset Data Management mean?

Asset Data Management (ADM) is the discipline of collecting, organising, and maintaining data related to physical assets such as equipment, machinery, and infrastructure. It ensures that asset information is accurate, consistent, and accessible throughout its lifecycle – from acquisition and operation to maintenance and retirement.

Poor asset data often results in inefficient EAM systems, increased downtime, and higher maintenance costs, while strong ADM practices improve planning, safety, and compliance.

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Key elements of Asset Data Management

Data collection – capturing equipment details, specifications, and maintenance history.
Standardisation – applying frameworks like CFIHOS or UNSPSC Codes for consistent asset classification.
Integration – ensuring compatibility with ERP, CMMS, and MRO Data systems.
Governance – enforcing rules for data quality, ownership, and updates.
Lifecycle focus – managing data from asset design to decommissioning.

How Sharecat supports Asset Data Management

Sharecat Data Services enables companies to optimise Asset Data Management by cleansing, enriching, and standardising asset information.

We ensure that:

ERP Data Quality and Data Migration Strategy projects begin with clean asset records.
Duplicate Material Identification issues are resolved.
Asset data is aligned with global standards like ISO 8000 and eCl@ss Classification.

This allows organisations to reduce downtime, improve maintenance efficiency, and achieve long-term asset reliability.

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Glossary

What is Asset Data Management?

What does Asset Data Management mean?

Key elements of Asset Data Management

How Sharecat supports Asset Data Management