On the role of digital platforms for industrial asset management: an explorative study based on literature review

In today's evolving landscape, the effective management of industrial assets in the manufacturing industry is becoming paramount for ensuring operational efficiency, reliability and availability, and quality. To deal with such an evolution, different means can be adopted, as new business models, organizational settings or technologies. This work looks at digital platforms as an innovative lever to lead the transformation. Digital platforms have been recently identified as transformative means of interest to almost every industry and are promising for future value creation in industrial processes. This paper investigates the potential of digital platforms with specific emphasis to their adoption for enhancing the industrial asset management practice in manufacturing. Inspired by the overarching objective to figure out the role of digital platforms in this field, this paper develops an explorative study by means of a literature review with the end purpose to elucidate the key challenges faced in traditional asset management practice as well as to identify benefits, functionalities, applications of digital platforms brought in to innovate the practice.