We Focus on Expanding Our Capabilities, Refining AI-Driven Insights, and Making Asset Management Even More Accessible to Organizations of All Sizes: Aonghus Stevens, CEO of Asseti

Asseti is a company focused on modernizing asset management through advanced data intelligence. By combining artificial intelligence with real-time analytics, it provides asset owners and operators with the tools to make informed decisions, extend asset lifespans, and reduce operational risks. Through automation and predictive insights, Asseti simplifies complex asset portfolios, helping organizations optimize resources and improve efficiency. This approach enhances visibility and control, ensuring that critical infrastructure and facilities remain well-maintained and cost-effective. 

In Conversation with Aonghus Stevens, CEO of Asseti

What inspired you to start Asseti?

I have always been interested in how technology can solve real-world problems, particularly in asset management, where inefficiencies and outdated methods still dominate. I saw an opportunity to use artificial intelligence and data analytics to bring clarity and precision to the way assets are monitored and maintained. The goal was to make asset management proactive rather than reactive, ensuring organizations could anticipate issues before they became costly problems.

How does Asseti help organizations improve their asset management strategies?

We provide a platform that delivers real-time data and predictive insights, allowing organizations to make informed decisions about maintenance, repairs, and resource allocation. Instead of relying on manual inspections and outdated reports, asset managers can access live data and analytics, helping them optimize budgets and extend the life of their assets. By leveraging automation, we reduce administrative burdens and make asset management more efficient.

What are some of the biggest challenges in asset management today?

Many organizations struggle with outdated processes, lack of data integration, and reactive maintenance approaches that lead to unnecessary costs. There is also the challenge of managing large and complex asset portfolios without a clear understanding of asset conditions. Without accurate, real-time information, organizations often face unexpected failures and inefficient resource allocation, which affects productivity and profitability.

How does artificial intelligence play a role in what you do?

AI allows us to process vast amounts of data quickly and identify patterns that would be impossible to detect manually. Our system continuously learns and improves, enabling predictive maintenance and risk assessment. By analyzing historical trends and real-time inputs, we can provide insights that help organizations prevent breakdowns, reduce costs, and allocate resources more effectively. The use of AI makes asset management smarter and more responsive.

What industries benefit the most from your technology?

Any industry that relies on critical infrastructure and assets can benefit from what we offer. This includes transportation, utilities, real estate, manufacturing, and government sectors. Whether it’s a railway network, a power plant, or a commercial property portfolio, having access to real-time asset intelligence allows organizations to operate more efficiently and reduce long-term costs.

How do you ensure data accuracy and reliability?

We use multiple data sources, including IoT sensors, satellite imagery, and on-the-ground reports, to provide a comprehensive view of asset conditions. Our AI-driven system cross-references data points to verify accuracy and detect anomalies. Additionally, we work closely with asset managers to ensure that our platform integrates seamlessly with their existing workflows, allowing for better decision-making and operational efficiency.

What feedback have you received from clients using Asseti?

Many clients have told us that our platform has completely changed the way they manage assets. They appreciate the real-time visibility, predictive capabilities, and reduced manual workload. One of the biggest advantages they mention is the ability to move from reactive to proactive maintenance, which saves both time and money. Some have even discovered asset issues they were previously unaware of, preventing potential failures and costly repairs.

What challenges did you face in developing Asseti, and how did you overcome them?

One of the biggest challenges was changing the mindset around asset management. Many organizations are used to traditional methods and hesitant to adopt new technology. We focused on demonstrating the tangible benefits of our platform through pilot programs and case studies. Once organizations saw the impact of real-time data and predictive insights, adoption became much easier.

How do you see the future of asset management evolving?

I believe asset management will become increasingly data-driven, with automation playing a bigger role in decision-making. Organizations will rely more on AI to analyze patterns, predict failures, and optimize resources. The shift from scheduled maintenance to condition-based maintenance will continue, ensuring assets are serviced only when necessary rather than on fixed schedules. As technology advances, the ability to integrate various data sources will make asset management more precise and cost-effective.

What advice would you give to companies looking to modernize their asset management practices?

Start by embracing data and automation. The more information you have, the better decisions you can make. Investing in AI-driven technology will help reduce inefficiencies and improve asset longevity. It’s also important to have a clear strategy for integrating new solutions with existing processes to ensure a smooth transition. Modernizing asset management doesn’t happen overnight, but taking small steps toward automation and real-time data analysis can lead to significant improvements.

What are your long-term goals for Asseti?

We want to continue pushing the boundaries of what’s possible in asset intelligence. We focus on expanding our capabilities, refining AI-driven insights, and making asset management even more accessible to organizations of all sizes. We also plan to collaborate with more industries and partners to ensure that our platform remains at the forefront of innovation. Ultimately, we aim to help organizations achieve greater efficiency, cost savings, and operational resilience through smarter asset management.

Aonghus Stevens, CEO, Asseti

“We provide a platform that delivers real-time data and predictive insights, allowing organizations to make informed decisions about maintenance, repairs, and resource allocation.”