Concordia Asset Management

This is extremely insightful!! AI and other technologies have huge potential but how much time have we spent understanding what is required to take advantage of the opportunity it provides? I wonder how much energy is being consumed because the quality of the data AI is running off is not clean and hence AI needs to do more work. Or is it that the data doesn't return the results from our prompts requiring more work and energy to get the right output. It's all well and good to look at 'potential' but we first have to look at the foundations that potential is being built from. If we haven't got our fundamentals right, e.g. data quality, and we're not building on solid foundations how much are we compounding our problems and developing waste. As Dr. Sultan Al Jaber explains, it is going to take a huge collaborative effort and for everyone to coordinate their activities to deliver the value we are looking to achieve from AI and other technologies.

It was a pleasure to have our managing director present at Maintcon 2024. Thank you to the GSMR Society (Gulf Society for Maintenance & Reliability) and Bahrain Society of Engineers for the opportunity.

It was great to be welcomed by the Mainycon community and attended the Opening Ceremony last night. It was insightful to hear the speeches and panel which showed that the challenges for maintenance and asset management in the GCC region are similar to those faced in Australia and around the globe. I’m looking forward to presenting my thoughts on this , and the need for greater coordination, at this morning’s session in track 4 at 10:30. If you are interested in connecting please reach out at the conference and I would love to connect. #maintcon2024

Time has come to set off to Bahrain to present Concordia Asset Management's ideas on coordination on the global stage. The presentation will be on Monday at the 7th International Maintenance, Reliability, and Asset Management Conference (Maintcon 2024), hosted by the GSMR Society (Gulf Society for Maintenance & Reliability) Society for Maintenance & Reliability (GSMR Society (Gulf Society for Maintenance & Reliability)) in collaboration with the Bahrain Society of Engineers (BSE). If you are attending Maintcon 2024 we would love to connect. For more on Concordia Asset Management thoughts on coordination a link to our first article describing what lies behind the name ‘Concordia Asset Management’ is attached below. A summary article on our presentation at Maintcon 2024 will shortly follow. https://lnkd.in/gfiBgG6t hashtag #MAINTCON2024 #Maintenance #Reliability #AssetManagement #GCC #CoordinateforValue

Not long now until we off for our first opportunity on the global stage! We are privileged and honoured to have the opportunity to present our thoughts on the need for better coordination across our organisations to deliver more value. Value not only from our assets but from our organisations in general. Thank you to Maintcon and to the GSMR Society (Gulf Society for Maintenance & Reliability) for the opportunity. We are looking forward to networking and meeting everyone there. #MAINTCON2024 #Maintenance #Reliability #AssetManagement #GCC #CoordinateforValue

Not long now until we off for our first opportunity on the global stage! We are privileged and honoured to have the opportunity to present our thoughts on the need for better coordination across our organisations to deliver more value. Value not only from our assets but from our organisations in general. Thank you to Maintcon and to the GSMR Society (Gulf Society for Maintenance & Reliability) for the opportunity. We are looking forward to networking and meeting everyone there. #MAINTCON2024 #Maintenance #Reliability #AssetManagement #GCC #CoordinateforValue

We are proud to have received recertification as a Certified Asset Management Assessor (CAMA). The recertification acknowledges the update to ISO 55001:2024 and the updated subjects in the GFMAM Asset Management Landscape Version 3. The updated versions acknowledges the need for a focus on the delivery of value and a decision making framework around how value is defined for an organisation. This is very much aligned with my approach to asset management and how we are applying the approach to more coordination and the delivery of value. If you are in need of an assessment against ISO 55001:2024 or are looking to understand how it can deliver benefits to your organisation please reach out. tsoutter@concordiaam.com or Concordia Asset Management

We were very privileged to deliver our first ever training course to the great team at Murray Irrigation Limited. We delivered our Maintenance Planning and Scheduling for Reliability 2-Day course focussing on the core element of work management in maintenance and asset management and the core purpose of better work management which is to deliver better asset reliability and efficiency in maintenance and operations. This was related back to Concordia Asset Managements underlying philosophy that all elements of asset management need a focus on coordination. If you have a need for maintenance, reliability or asset management training or a need to discuss an aspects of improving your asset management we would love to hear from you so please feel free to reach out via our website https://lnkd.in/gntNkZpU or email our Managing Director tsoutter@concordiaam.com #maintenance #reilability #training #planningandscheduling #assetmanagement

It is with great pleasure that we received confirmation that Concordia Asset Management will be presenting at the 7th International Maintenance, Reliability and Asset Management Conference (MAINTCON 2024), hosted by the Gulf Society for Maintenance & Reliability (GSMR) in collaboration with the Bahrain Society of Engineers. It is our first opportunity to present our ideas on the global stage and to collaborate with other experts from around the world. We will be presenting on the importance of coordination and its role in achieving resilience in assets and a sustainable tomorrow. We look forward to seeing you there and networking with others from around the globe. #MAINTCON2024 #Maintenance #Reliability #AssetManagement #GCC #CoordinateforValue

Did you know that on average organisations only extract about 30-40% of productivity from their physical asset portfolio?    What’s more, when an asset is perceived to reach capacity, organisations tend to acquire new assets – further straining the ecosystems connected to these assets and adding unwarranted risk and lifecycle costs.   We help organisations maximise the value of their existing asset portfolio.   The result?   ✔ Reduced risk and lifecycle costs  ✔ A coordinated and productive asset portfolio  ✔ Sustainable value  ✔ Bandwidth to focus on growth rather than reactive fixes   #LifecycleCosts #RiskMitigation #Productivity #Efficiency #AssetManagement