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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

AMPEAK 2025IMPOWER TECHNOLOGIES®

Dr Yvonne Power at AMPEAK2025

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On Wednesday 9th April 2025, Dr Yvonne Power, Principal IMPOWER TECHNOLOGIES® (IMPOWER™) presented at the Asset management Council of Australia’s annual AMPEAK conference held in Queensland.  The theme for AMPEAK25 was New Waves in Asset Management, Advancing Asset Management in a Digital, Sustainable, and Resilient Future.

Dr Power’s presentation focused on how organisations could build on the foundation created in Industry 4.0 and explored how to introduce advanced technologies to support the transition to Industry 5.0.  The presentation went into detail on how Generative AI may be used for maintenance planning and scheduling.  It ended with one possible scenario of Next Generation Maintenance and Asset Management.

For a copy of Dr Power’s paper INDUSTRY 5.0: NEW FRONTIERS FOR INTEGRATED OPERATIONS MANAGEMENT please contact her through LinkedIn.