As you review the insights from this study, one thing that should stand out is that organizational culture is cited as the top challenge faced by over 40 percent of the asset managers who participated. We are hopeful these frameworks will overcome those cultural challenges. The type of work that generated ISO55000 and Uptime Elements is only possible through relationships, interactions and actions that people take in their lives and work. Committed people who work relentlessly to bring new ideas into existence are just the thing we need to change cultures and improve the world.
Asset management will make the world a better place and reliability is a key element in making asset management work. They are two sides of the same coin.