What are diagnostics? What is asset management software?

Diagnostics refers to testing and analysis of data gathered on products or processes to ensure quality. In an automated applications sensors would check for deviations and controllers decide on corrections for actuators to make to the changes before out-of-specification products are made. Asset management software allows organizations to monitor, track and categorize a company's physical assets, including machines and equipment, primarily to ensure their reliability. Asset management tools may be integrated with sensors, controllers, and other automation hardware and software and instrumentation to enable predictive maintenance and anticipate when something will fail, so it can be repaired or replaced before it does.