When asset managers claim their Computerized Maintenance Management System (CMMS) or Enterprise Asset Management System (EAMS) data is 90-95% accurate, they are referring to asset attributes. In my three decades of experience, the “asset value” in the databases is usually 20-25% complete. That’s a shame because how can an organization manage “anything of value” (your assets) if you don’t understand what they are worth? 

An asset is an item, thing, or entity that has potential or actual value to an organization. – ISO 55000

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