3.4.1. Prolong Asset Life Cycle and Cost Saving

As real-time property states, an SWS can integrate and analyze real-time monitoring data from various instruments for decision-making support. Especially, monitoring data regarding pipelines, valves, pumps, and tank conditions can be used to develop a risk-evaluated model for instrument replacement or maintenance. This allows SWS to plan and schedule the replacement and rehabilitation of the asset program efficiently as well as effectively so that the right assets can be replaced, repaired, and rebuilt in a timely manner. Thus, the real-time monitoring of asset status could be regarded as indicators of preventive maintenance and predictive replacement to prolong the assets' life cycle and cost savings [74–76].
