Glossary

What is Asset Lifecycle Data Management?

Understanding Asset Lifecycle Data Management

Asset Lifecycle Data Management (ALDM) is the practice of maintaining accurate, consistent, and accessible data across all phases of an asset’s life — from design and Procurement Master Data to operations, MRO Data, and eventual Obsolescence Management.

By linking and standardizing data, organizations can reduce errors, cut costs, and improve asset performance over the long term.

Why Asset Lifecycle Data Management Matters

Without structured lifecycle data, companies risk:

Managing asset lifecycle data enables accurate forecasting, optimized spare parts usage, and streamlined decision-making.

Sharecat’s Role in Asset Lifecycle Data Management

Sharecat Data Services provides the tools and expertise to standardize, enrich, and connect asset data. Our solutions support:

This approach ensures that asset data is reliable, future-proof, and aligned with international Global Data Standards.