TS ISO 55013

TS ISO 55013 provides guidance on how to manage data assets in support of an organization’s asset management objectives and, by extension, its wider organizational objectives. Its focus is not the physical asset itself, but the data associated with that asset and how that data is governed, maintained, and used in decision-making. In that sense, the standard sits at the intersection of asset management and information management.

Why data assets matter in asset management

In general technical terms, data assets can include inventory records, location information, maintenance history, performance measures, condition data, and similar information. Across the asset life cycle, these data support planning, operation, maintenance, risk assessment, and performance monitoring. Well-managed data helps organizations make more consistent decisions and improves the reliability of information shared across teams and systems.

Boundaries defined by the document

The standard is intended as guidance for any organization, regardless of type or size. It does not provide methodologies for deriving or appraising the value of data assets, and it does not provide methodologies for deriving financial values for those assets. In other words, TS ISO 55013 addresses how to manage and use asset-related data, but it does not prescribe how to place a monetary value on that data. That distinction matters because data governance and financial valuation are different activities with different purposes.

For organizations, this guidance helps structure questions of data ownership, data quality, data flow, accountability, and access to information. It supports a clearer connection between asset management objectives and organizational objectives.