If an airplane crashes, it is usually on either take-off or touch-down. Once up in the air, we take safety for granted. Sure, there might be turbulence, but it is not too big of a deal.
The same is true for your Asset Management – both software and hardware. If there is an issue, it usually occurs during onboarding or decommissioning. Once in the middle of the lifecycle, there may be turbulence, but not that big of a deal.
If you are wanting to improve your Asset Management program, focus on the processes to onboard and decommission.
These are the places where issues like technical debt, audits, compliance, and low return on investment occur.
I started in the Asset Management world in 1994. That was a LONG time ago and the problems then are the same as now.