Utility asset management is crucial for companies offering essential services like electricity, water, gas, and telecom, as it ensures the reliable operation of infrastructure under challenging conditions and high public expectations. This management approach involves planning, maintaining, upgrading, and replacing infrastructure using data-driven insights and preventive maintenance to reduce emergency costs and enhance safety. Utilizing tools such as asset management software and web GIS platforms, companies can track equipment health, monitor field activities, and make informed decisions across asset lifecycles. Effective asset management lowers lifecycle costs, improves safety, and supports smarter capital planning by preventing outages and performance dips. It is also vital across various sectors, including electric, water, gas, and waste utilities, each with specific needs but all requiring clear strategies to maintain performance and avoid costly surprises. Best practices include creating a consistent asset structure, prioritizing assets based on their risk, using condition-based maintenance, employing dashboards for data-driven decisions, and connecting daily operations with long-term planning. Felt's utility asset management software, with its live interactive map dashboards, enhances clarity and efficiency by integrating performance monitoring with platforms like Tableau and Retool, allowing teams to track KPIs, observe trends, and improve asset management workflows.