Armonk, NY (May 27, 2026) \u2013 Artificial intelligence is emerging as a powerful enabler of asset management but only when paired with trusted data, clear governance, and strong organizational change. That message resonated during a recent IBM-hosted discussion that brought together asset management leaders from public and private sector organizations to share practical experiences with AI\u2011enabled asset management.<\/p>\n
Participants emphasized that AI is not a quick fix, but a long\u2011term accelerator of established practices. Denzil Solomon<\/strong>, VP Emerging Technology, Thought Leader and Advisor at FAHM Technology, underscored the importance of patience and strategy: \u201cAI is in it for the long term, just like asset management,\u201d he noted. \u201cYou might see quick gains, but the real value builds over time.\u201d<\/p>\n For municipalities, early investments in enterprise asset management have already delivered measurable benefits. Jennifer Wrzala<\/strong>, Business Analyst and innovative thinker with the City of Cambridge, reflected on her organization\u2019s journey: \u201cRight away, we started seeing benefits,\u201d she said. \u201cWe went from everyone speaking different languages about the same assets to having one common language and one system.\u201d<\/p>\n Reliable data surfaced as a consistent theme throughout the discussion. Participants repeatedly highlighted that technology alone cannot compensate for weak foundations. Without accurate, standardized asset data, organizations struggle to trust insights and act on them with confidence.<\/p>\n Workforce challenges also featured prominently. As experienced employees retire and turnover increases, asset owners are turning to digital platforms and AI to capture institutional knowledge before it is lost. That expertise can be then embedded directly into day-to-day operations.<\/p>\n \u201cAsset management is the glue that pulls the chaos together. It connects people, process, and technology,\u201d added Denzil Solomon<\/strong>.<\/p>\n Roop Lutchman<\/strong>, Principal Advisor at ROLU INC. and a certified Asset Management Professional, shared perspectives from across sectors, noting that organizations with strong foundations are best positioned to realize value from AI. When data and processes are aligned, AI can help teams identify risk, improve reliability, and support better planning decisions.<\/p>\n With stronger foundations in place, organizations are beginning to explore more advanced AI use cases. These include visual inspections using cameras, feedback loops that connect maintenance outcomes to asset design, and AI\u2011assisted planning and scheduling.<\/p>\n Canadian organizations are facing mounting infrastructure demands and constrained resources. The discussion underscored a clear conclusion: when grounded in strong fundamentals, AI can help asset\u2011intensive organizations move faster, work smarter, and unlock long\u2011term value.<\/p>\n Learn more about IBM\u2019s AI solution for asset management at www.ibm.com\/products\/maximo<\/a><\/span>.<\/p>\n IBM (NYSE: IBM)<\/em> is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM\u2019s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM\u2019s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM\u2019s long-standing commitment to trust, transparency, responsibility, inclusivity and service. For more information, visit www.ibm.com<\/a>.<\/p>\n Source: IBM<\/i><\/p>\n Tags: Artificial Intelligence (AI)<\/a>, IBM<\/a>, Wealth Management<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":" Armonk, NY (May 27, 2026) \u2013 Artificial intelligence is emerging as a powerful enabler of asset management but only when paired with trusted data, clear governance, and strong organizational change. 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