Asset Lifecycle Management (ALM)
Management of assets and their associated data throughout their operational lifetime, including installation, operation, maintenance, and decommissioning. AVEVA focuses on this domain.
Why it matters
ALM is critical for discrete manufacturers, process industries, and operators managing expensive assets. The Aras/AVEVA partnership targets the convergence of PLM (product) and ALM (asset operations).
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Cite this definition
Finocchiaro, Michael. “Asset Lifecycle Management (ALM).” DemystifyingPLM PLM Glossary, 2026, https://www.demystifyingplm.com/glossary/asset-lifecycle-management-alm