Overview of the International Conference on Maintenance and Intelligent Asset Management (ICMIAM)

The International Conference on Maintenance and Intelligent Asset Management (ICMIAM) is a conference series that began in the year 2020. The Conference series aims to:

  • Bring awareness on the possibilities in Maintenance, Reliability and Asset Management.
  • Showcase the best practices and achievements in Maintenance, Reliability and Asset Management programs.
  • Create a forum of industry experts and academic to build a knowledge base on high-quality asset management applications, and
  • Foster networking across multiple disciplines.

The inaugural Conference, ICMIAM 2020, was hosted by the Manipal Academy of Higher Education, and co-sponsored by Federation University, Australia and Asset Management Council, Australia. It was held at Manipal Academy of Banking, Bangalore. The 2021 edition of this Conference, ICMIAM 2021, was organized by Federation University, Australia and was held in a hybrid mode – both online, as well as at Federation University’s Mount Helen Campus in Ballarat, Australia.

The 2022 edition of the Conference, ICMIAM 2022, would be held at the Institute of Rural Management Anand (IRMA) at Anand, Gujarat, India. The host for this Conference is IRMA, with the support of Manipal Academy of Higher Education and Federation University, Australia as co-hosts.

The theme of this conference is focused on, Rural Assets for Sustainable Development. This theme will add on to the basic purpose of the Conference series.

Overview of ICMIAM 2022

ICMIAM 2022 builds on two themes:

  1. Asset Management (AM) and Systems (AMS), and
  2. Rural Assets and SDGs

Industrial and municipal assets have a number of systems and subsystems, hardware, sensors and software including rotating and sliding parts. It is well known that failure mechanism and degradation behaviour of these parts and subsystems influences life of those systems. In order that informed decisions are taken by maintenance, reliability and asset management professionals to improve performance and productivity, it is imperative that the behaviour of machine components and sub systems with regard to the performance of the system, costs and risks associated with various options in maintenance and replacement decisions are better understood.

But there are issues and challenges in understanding these by maintenance, reliability and asset management professionals. The tools and techniques necessary for better maintenance can be developed and applied with an enhanced understanding of tribology. In recent years, the concept of Industry 4.0 which deals with Remote Performance Monitoring (RPM), Internet of Things (IoT), Advanced Robotics, Machine and Deep Learning, Cloud Computing and Data Analytics is making a significant contribution to maintenance, reliability and asset management. The evolution of these maintenance philosophies along with international standards including (S055000 series have been influenced by the developments in a host of technologies, decision models and asset management framework. Internet of Things (IoT), Artificial Intelligence and Big Data Analytics are changing our lives in every sphere. These technologies and analytics are going to have a significant impact on how maintenance, reliability and asset management strategies evolve.

The Sustainable Development Goals (SDGs) are designed to be a “blueprint to achieve a better and more sustainable outcome for all by 2030”. In both the 2030 Agenda for SDGs and the New Urban Agenda (NUA), United Nations Members agreed to policies that support integrated urban and territorial planning and development. Rural assets created that are policy-driven across all these dimensions have a substantive role in influencing the divides and maintain an equilibrium in the rural-urban continuum. This strategic intent notwithstanding, various associated challenges face the rural sector, populace, and sector organizations. The key challenges include, inter alia, social, economic, financial, and digital assets in the changed environment. Consideration by the policymakers, academia and practitioners to understand and assess returns of rural assets is quite limited. The returns on ownership and rural asset investment are significant concerns and cannot be ignored to achieve the SDGs. It is also important to note that rural assets have special effects in asset management space due to the sensitive development challenges. These challenges are livelihood-centric, capability for low capital investment and scale, fragmented and household centric production systems with assets of low capital, high dependence on non-core assets (intangible) and yet critical (including commons); emerging digital divides with the disparity in digital assets, inequitable access to physical assets like infrastructure, logistics in supply chain and above all information asymmetry.