Asset-management accounts for a significant share of grid operators’ influenceable costs, which are under high economic pressure due to deregulation. In asset-management, visual inspections are the main measure to determine asset conditions. In the context of digitalization, we propose a concept to acquire additional information about the condition of distribution substations and to derive flexible inspection intervals from this information, in contrast to fixed intervals that are common in scientific literature and practice. Thus, knowledge about the substations increases, inspection intervals can be expanded dynamically, and significant cost savings are possible, which we demonstrate by the example of a German distribution grid operator.