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Article

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Title

Drivers and Barriers of Digital Transformation in Asset Management

Authors

[ 1 ] Instytut Technologii Materiałów, Wydział Inżynierii Mechanicznej, Politechnika Poznańska | [ P ] employee

Scientific discipline (Law 2.0)

[2.9] Mechanical engineering

Year of publication

2023

Published in

Management and Production Engineering Review

Journal year: 2023 | Journal volume: vol. 14 | Journal number: no. 1

Article type

scientific article

Publication language

english

Keywords
EN
  • Asset management
  • Digital transformation
  • Drivers
  • Barriers
  • Delphi
Abstract

EN This paper aims to improve understanding of the drivers and barriers to digital transformation in asset management. Accordingly, this paper contributes to the literature by conducting a qualitative Delphi study with 15 experts (including academia, consultancy and industry) to identify, validate, and classify the drivers and barriers affecting digital transformation in asset management. As a result of the experts’ interactions, 20 barriers were identified. The main barriers to digital transformation in asset management are the following: Misunderstanding of the strategic importance of asset management, no clear vision/strategy, existing mindset and culture, inadequate asset management system, lack of understanding of digital trends, and lack of employee knowledge and skills. The study also highlights 12 drivers that are critical to the digital transformation of asset management. These include cost reductions, opportunities in condition monitoring of assets, expected benefits in asset management processes, expected benefits in risk management and others.

Pages (from - to)

118 - 126

DOI

10.24425/mper.2023.145370

URL

https://journals.pan.pl/dlibra/publication/145370/edition/126805/content

License type

CC BY (attribution alone)

Open Access Mode

open journal

Open Access Text Version

final published version

Date of Open Access to the publication

at the time of publication

Ministry points / journal

100

Impact Factor

0,9

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