Smart Technologies for Whole Life Asset Management

Smart technologies spilled over from Industry 4.0 has benefited many sectors in the built environment. Digitization of information and digitalization of processes facilitated many advances in whole life cycle asset management. During uncertain times, smart technologies increasingly enable asset managers to better manage their assets with a life cycle approach. This paper studies the technology trend in facilities asset management. Next, the importance of managing change and resilience planning in whole life cycle asset management is explained. Finally, strategies using smart technology to strengthen resilience and manage change is present.