Ownership encompasses the responsibility for governing and regulating various aspects, such as data, assets, and infrastructure systems. It involves accountability for curating quality data, managing ecosystems, and ensuring compliance with standards.

In asset management, ownership involves policy-making, planning, and decision-making to optimize costs, risks, and performance over the asset lifecycle. Ownership also extends to the history of asset installation and ownership, with a focus on maintaining accurate records. Additionally, ownership can refer to the entity responsible for owning and maintaining digital twin models of infrastructure assets. Overall, ownership entails taking charge of resources, communication, and information to deliver value from assets and ensure proper management.