FED iFM and Asset Management

http://vimeo.com/92573733

A BIM Education Co-op PPT of a 6-minute ONUMA video

“Wildcat” dollars were not shared by banks

The U.S. created a standard Dollar to share in banks

FED iFM and Asset Management

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Sign up for updates at:http://www.wbdg.org/references/fedifm.php

The standards made it easy to safely share

In the Information Age, value is in data

FED iFM establishes standards so data can be safely shared and not locked in one “bank”

Most entities have many software programs

This creates many challenges

FragmentsDuplicatesDisconnectsNot synced

Work aroundsRestrictionsNo accessComplexity

Desires are bigger than capabilities

People think one software systemcan do it all

One software system CAN NOT do it all

Vendors have many excellent features, but not all

FED iFM and Asset Management

People think one software systemcan do it all

One software system CAN NOT do it all

One software is chosen - data is imported into it

Old software is discontinued

More is needed in an ever changing world

New software is always added

Creating the same problem as before

The same need arises - the real issue was not faced

The “star” software fallacy creates a bad circle

FED iFM addresses the real issues

Let all software use a standard method to share data

Put data in a neutral platform

Free the data to go where is it useful

Open standards will let data to be shared by all

Standards let money be shared by all

FED iFM and Asset Management

Sign up for FED iFM updates at:http://www.wbdg.org/references/fedifm.php