Date Added: Nov 2009
Asset management is a process of identification, design, construction, operation, and maintenance of physical assets (Wenzler, 2005). An asset-centric approach is vital for the success of an asset intensive organization as the effective management of assets is a major determinant of organizational success. One key issue in asset information management is the availability of information at the right time, in the right format, before the right person, against the right query, and at the right level. This paper provides a comprehensive and in-depth critical analysis from literature which fulfils an identified need of fusing asset information for predictive maintenance so that decision making can be improved.