AI in Asset Management© IMPOWER TECHNOLOGIES®

“The agent handles the volume. People handle the wisdom.” Dr Yvonne Power at AMPEAK 2026

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AMPEAK 2026, the Asset Management Council’s annual conference was held in Perth from 13th to 15th April and centered on Asset Management: Powering Productivity and Prosperity.

Dr Yvonne Power opened the plenary session on Monday 13th April, delivering a keynote addressing how AI is shaping the future of industrial asset management. She discussed a future where AI agents and professionals work together, highlighting evolving roles for asset management practitioners in an AI-driven landscape.

On Wednesday, April 15th, Dr Power expanded on her earlier talk by outlining the foundational elements required to successfully implement AI at scale within industrial settings.

She remarked, “The organizations that thrive in the next decade won’t just be the ones with the best people. They’ll be the ones who figured out how to build the best teams, human and agent, side by side.”

To discover how industrial AI can strengthen maintenance and asset management in your organization contact IMPOWER TECHNOLOGIES® for an assessment.

Dr Yvonne Power - AMPEAK Keynote - AI for Asset Management

Dr Yvonne Power – AMPEAK Keynote – AI for Asset Management

Artificial Intelligence (AI) and Digital Asset Management

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The latest Asset Management Quarterly Journal from the Asset Management Council of Australia highlights how Artificial Intelligence will enhance maintenance and asset management.

In Technical Article 4, “Industry 5.0: New Frontiers for Integrated Operations Management,” Dr Yvonne Power explores a future scenario for industrial asset management featuring Generative AI at the core of maintenance and asset management. It includes an overview of the skills needed to support this transition.

A copy of the journal is available is available at the following link.

The Asset Journal

Issue 02 Volume 19 June 2025

IMPOWER TECHNOLOGIES® Ten Year Anniversary

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September 2019 marks the ten-year anniversary IMPOWER TECHNOLOGIES® (IMPOWER™).

IMPOWER™ was founded to introduce intelligent asset management across the energy and natural resources (ENR) sector for a safer and more reliable way of operating.

While consulting across the mining industry, I discovered that failures of large-scale critical assets could be avoided by equipping the on-site maintenance, engineering and planning teams with standardised and repeatable tools, systems and processes to identify and manage the risk of asset failure.

We also needed to simplify the presentation of critical information to the executive-level in such a way that risk could be identified before it became a crisis.

In 2010, the original company vision expanded IMPOWER™ to include software development.  The MRMP® Solution for Asset Integrity Management was born.

Since 2010, IMPOWER TECHNOLOGIES® MRMP® Solution has significantly improved the way asset integrity is managed across the ENR sector.

Employees within the resources sector will come and go, they will move across organisations and priorities will change.  However, as a technology provider, we provide a constant point of contact for these organisations.

Innovation is not a one-off event.  Innovation requires companies to continually build on and develop technologies to address industry problems.  Being a technology provider means that IMPOWER™ can transfer this technology across industry, making it safer and more effective for industry as a whole.

Congratulations to all suppliers that service the Australian Mining Equipment, Technology and Services (METS) sector and thank you to the clients that have supported us.  It is through these collaborations that we can advance our industry, add value to clients to make our industry safer and more effective.

IMPOWER™ is celebrating ten years in the Australian Mining Equipment, Technology and Services (METS) Sector.