In 2004, the British Standards Institute and the Institute of Asset Management issued Publicly Available Specification 55 or PAS 55, which provides guidance to asset-intensive industries on what needs to be done to manage physical infrastructure assets throughout their lifecycle in support of achieving business objectives. As the specification has been approved recently to become an International Standards Organization (ISO) standard for asset management, utilities in Canada are also expected to soon comply with PAS 55. GIS supports PAS 55 compliance by enabling utilities to manage information about their assets’ entire lifecycle and making it available to all stakeholders from a centralized repository.