Framework for asset digitalization: A holistic approach for enhanced management and reliability in the digital era

Despite the notable technological advancements, especially in areas like digital twins, we are still confronted with a
significant challenge in the process of asset digitization. This challenge lies in the precise and comprehensive
determination of how assets adapt to the new management of complex systems, a direct consequence of digitization.
As our infrastructure and systems become increasingly digital, it is imperative that the way we manage and maintain
our assets evolves accordingly. However, this transition is not always clear or efficient. The existing gap in
understanding and implementing asset digitization directly impacts the organization of information associated with
these assets. Digital assets are much more than mere pieces of machinery; they represent crucial components in an
interconnected digital ecosystem. The lack of a precise understanding of how these assets integrate and behave in
this new digital environment compromises our decision-making and management capabilities. This deficiency can lead
to operational inefficiencies, unnecessary costs, and ultimately, a decrease in the quality of service and infrastructure
reliability.
This article focuses on addressing this challenge from a perspective centered on asset digitization. It provides a
detailed practical case of how we can progress in this space through the integration of various models. This
comprehensive approach includes interpreting how we define and categorize assets according to established
standards, evaluating the criticality of these assets, and combining monitoring models with the Asset Health Index
(AHI) model. The integration of these models offers a complete view of asset digitization, covering different levels of
complex asset system management, and facilitates a better connection between real-time monitoring and a deeper,
long-term understanding of asset condition and performance. The resulting synergy enhances the effectiveness of
asset digitization strategies, especially in critical applications such as infrastructure management. A concrete example
is presented in the article: the digitization of a set of pumps. This demonstrates how these practices can have a
positive impact on asset management and maintenance in the context of digital transformation, contributing to
improving the safety, efficiency, and reliability the assets.