Since 1995, the MAINSTREAM research team has polled our community of thousands of Maintenance, Reliability and Asset Management professionals to glean distinctive insights into the barriers and challenges faced, and the opportunities on offer, in their quest for achieving asset management excellence. The findings from our surveys help leaders, teams, and individuals to understand best practices, compare their companies’ performance and working environment to those inside and outside their industry, and make informed and effective decisions. Having fuelled this special Community for 26 years, this is by far the most interesting State of Asset Management Report created for you yet. It captures insights from 255 like-minded folk, representing a range of regions, industries, and asset management maturity. Insights leading the way are: Unpreparedness for the asset management workforce of the future Significant increase in mental health and wellbeing across asset intensive industries Misalignment between Asset Strategy and Enterprise Strategy Overwhelmed by the enormous amount of data collected Under-appreciating and misunderstanding the Reliability Engineer Download the State of Asset Management Report for 2022 below. … Continue reading →

Standing still is going backwards. The digital era is presenting new challenges to Australian organisations across the board, through increased market competition and heightened customer expectations. Responding to these challenges requires more than just cosmetic changes on the outside – it can also mean fundamentally reshaping the internal functions upon which the organisation relies. Asset Management is no exception. The mounting pressure for organisations to be more responsive to market conditions is forcing a rethink of systems and processes within asset management, and driving the adoption of new tools and technologies that accelerate outcomes and enable new contributions. Senior asset management professionals from across Australia have had their say about the state of asset management innovation in 2019. More than 100 industry leaders in asset strategy, asset reliability and maintenance management across Australia came together for a recent series of roundtable discussions. They shared what they believed to be the barriers and opportunities to achieving asset management excellence being experienced in both their organisations and the wider asset management community.  Three primary themes emerged from our roundtable discussions: Digitising Your Asset Management Adopting an Asset Management Mindset Putting People, Leadership and Culture at the Heart of Everything Download the Mainstream Research Report 2019 for a comprehensive view of innovation in asset management. … Continue reading →

As senior asset management leaders we strive for operational excellence. We know how important asset management is in a company’s ability to increase productivity, and to demonstrate continuous improvement. The fact is we rely on our assets to make money. We need to disrupt the mindset that asset management simply equals maintenance – it doesn’t. The current climate is right for engaging senior management in long-term asset management strategy and ensuring our organisations are set up to for continuous improvement. How do we make asset management the value proposition that we know it needs to be? How can we maximise asset performance through stakeholder engagement, operational excellence and reliability?  As we set plans for 2017 and beyond, asset management practitioners are asking themselves these and other questions. In a recent series of roundtable discussion groups, senior professionals revealed what is happening within their organisations and the wider community with regard to the barriers and opportunities to achieving asset management excellence. This report presents the results and explores some of the challenges facing asset intensive industries and the enablers which will lead the path towards change. Methodology & Respondent Profile Research conducted in Melbourne, Perth, Sydney and Brisbane in September 2016 Method: Small face-to-face discussion groups facilitated by an industry thought-leader to uncover pain points, challenges and ideas for improvement Industries represented included mining and resources, transport, utilities, infrastructure and manufacturing Over 90 asset management professionals participated including: Asset Managers Maintenance Managers Reliability Professionals Plant Managers Performance Engineers General Managers Click here … Continue reading →