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Barriers to Digital Transformation in Asset Management

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Advances in Manufacturing III (MANUFACTURING 2022)

Part of the book series: Lecture Notes in Mechanical Engineering ((LNME))

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Abstract

The digital age poses new challenges to the field of asset management. The main purpose of the study is to identify the barriers to digital transformation in asset management. A study was conducted with 15 experts (including university researchers and industry experts) to explore, validate, and classify barriers affecting digital transformation in asset management. As a result, 20 barriers were obtained as a result of the study. Barriers to digital transformation in asset management identified included, misunderstanding the strategic importance of asset management, no clear vision/strategy, existing mindset/thinking and culture, inadequate asset management system, lack of understanding of digital trends, lack of employee knowledge and skills, and misalignment of business and asset management objectives. Outcomes of this study can be helpful for organizations on their way to digital transformation of the asset management.

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Authors and Affiliations

  1. Faculty of Organizational Sciences, University of Maribor, Kranj, Slovenia

    Damjan Maletič & Matjaž Maletič

Authors
  1. Damjan Maletič
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  2. Matjaž Maletič
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Correspondence to Damjan Maletič .

Editor information

Editors and Affiliations

  1. Department of Production Engineering, Poznan University of Technology, Poznan, Poland

    Adam Hamrol

  2. Production Engineering Department, Poznan University of Technology, Poznan, Poland

    Marta Grabowska

  3. Faculty of Organizational Sciences, University of Maribor, Kranj, Slovenia

    Damjan Maletič

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Maletič, D., Maletič, M. (2022). Barriers to Digital Transformation in Asset Management. In: Hamrol, A., Grabowska, M., Maletič, D. (eds) Advances in Manufacturing III. MANUFACTURING 2022. Lecture Notes in Mechanical Engineering. Springer, Cham. https://doi.org/10.1007/978-3-031-00218-2_16

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  • DOI: https://doi.org/10.1007/978-3-031-00218-2_16

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-031-00166-6

  • Online ISBN: 978-3-031-00218-2

  • eBook Packages: EngineeringEngineering (R0)

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