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How confident are you that your critical assets will perform safely under normal operating conditions?

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When a 16-tonne gearbox collapses from a stacker reclaimer during normal operation, it is a stark reminder that asset integrity is not just a maintenance issue. It’s a safety, operational and business-critical risk.

The July 2026 edition of WorkSafe Mines Safety Monthly Incident Insights highlights exactly this type of event: a critical mechanical failure with potentially serious or fatal consequences.

Despite asset integrity standards, audits and corporate maintenance management systems, asset failures continue to occur.

For asset owners and operators in mining, energy and natural resources, the lesson is clear: having data is not enough. Organisations need a practical way to manage, interpret and act on asset integrity information before defects escalate into failures.

That is the purpose of IMPOWER TECHNOLOGIES® MRMP® Solution for Asset Integrity & Risk Management, developed by mining asset specialists for the resources sector.

IMPOWER’s MRMP® Solution provides a standardised, risk-based approach to asset integrity management, helping organisations gain clear insight into the condition of large-scale critical assets and strengthen decision-making from operations through to the board.

It provides:

  • Consistent asset integrity records across assets, inspectors and inspection types.
  • Early identification of overlooked defects that could lead to asset failure.
  • Better use of maintenance management systems to resolve asset integrity issues.
  • A standardised defect database to support Artificial Intelligence-enabled asset management, productivity and safety improvements.
  • Full owner/operator control of asset data.

Since its introduction in 2010, IMPOWER’s MRMP® Solution has supported risk-based maintenance prioritisation, insurance cost reduction, asset redesign and capital planning.

If asset integrity risk is on your agenda, contact us to discuss how IMPOWER’s MRMP® Solution for Asset Integrity & Risk Management could support your organisation.

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