Common use of Asset Management Clause in Contracts

Asset Management. Asset Management is a Service available via its respective MindSphere APIs. An asset is the logical representation of a thing which can be a machine or an automation system with a single or multiple automation unit(s) e.g. PLC or even a factory site. This logical representation incorporates a data model describing properties and abilities of the respective thing. Assets can be set into relation with other assets to create structures such as hierarchies. Asset Management allows you to create, read, update and delete assets through an appropriate user interface developed by you. You shall not use Asset Management Services in connection with things manufactured by a Third Party without procuring and maintaining appropriate consent and licenses from such Third Party (as may be required) in your own responsibility. You shall not create representations of assets which inaccurately represent the properties and abilities of a physical object.

Asset Management. ‌ Asset Management is a Service available via its respective MindSphere APIs. An asset is the logical representation of a thing which can be a machine or an automation system with a single or multiple automation unit(s) e.g. PLC or even a factory site. This logical representation incorporates a data model describing properties and abilities of the respective thing. Assets can be set into relation with other assets to create structures such as hierarchies. Asset Management allows you to create, read, update and delete assets through an appropriate user interface developed by you. You shall not use Asset Management Services in connection with things manufactured by a Third Party without procuring and maintaining appropriate consent and licenses from such Third Party (as may be required) in your own responsibility. You shall not create representations of assets which inaccurately represent the properties and abilities of a physical object.