Equipment InSite
Inspections and other processes create literally millions of discrete data elements on mechanical, electrical, plumbing and other systems in an asset portfolio. This data is critical to determine asset maintenance needs, calculate asset remaining useful life, and prepare capital replacement plans.
The Complexity
To store their data, many facility managers still rely on large numbers of spreadsheets and/or databases that are inherently inefficient, flexible, and cumbersome. Data duplication and impaired data integrity are common problems. In addition, because this data is typically inconsistently organized in data repositories, facility managers are unable to leverage predictive analytics. These drawbacks typically lead to inaccurate analyses, suboptimal decision making on asset investments, as well as increased risks of business disruption, health/safety incidents, and regulatory violations. This can potentially cost an organization considerable time and money.
Facility managers need a more efficient and effective way to manage their asset information.
Integrated Digital Asset Management Solutions.Agile, Scalable Collaborative Tools for Meeting Today`s Asset Management Challenges
As assets age, there is growing competition for funding to maintain and replace assets. Prioritization is premised upon operational risks and business impact, but risk and impact are always difficult to objectively quantify. Most often in seems to comes down to the person who can make the most compelling plea.
EAM can present a massive challenge. There can be hundreds of thousands of assets. Then there are so many types of serialized and non-serialized assets. How can all of this data be collected, stored and structured to optimize decision support? There are many software products on the market that claim to provide EAM, but often these software programs fall short of their promise. While they all have some of the capabilities needed,users are left facing gaps in capabilities that require manual work arounds resulting in falling short of the desired results, or worse, flat-out failure.
The Opportunity
Facility and asset management has evolved to integrate with project management, capital planning, regulatory compliance, and sustainability. Accurate data on equipment and other building systems can be leveraged across these disciplines. A single integrated data depository can optimize the use of resources across these related disciplines and create maximum long-term value.
Benefits of Geospatial Analytics Equipment InSite
More efficient, secure data management of your facility assets
More consistent, objective asset data
Seamless integration of your dataset with inspection, analysis, and other tools
The ability to apply data analytics to the centralized datas
Minimized data duplication and ensured data integrity
Facilitated optimal decision making on asset investments
The ability to flexibly adapt as business and analysis needs change using a single, evolving data repository
The Solution
Geospatial Analytics Equipment InSite is an integrated data repository that facilitates effective analysis of data gathered to optimize enterprise asset decision making:
Positions your organization to leverage powerful analytics and optimize the value of an enterprise asset management program
Facilitates analyses such as total cost of ownership, asset risk management, and capital planning
Integrates easily with existing systems to provide additional functionality as needed
Provides an intuitive user interface that enables rapid deployment and adoption, without extensive training or support
Provides flexibility to easily new data fields and quickly implement them
Integrates with a range of existing systems and adapts to your organization's specific situation and requirements
How You Benefit
Using Geospatial Analytics InSite Platform:
Your field workforce can access automated forms-based processes via their mobile devices. This reduces data collection time and improves accuracy and consistency of reporting. Users can access a web-based portal for easy data sharing and collaboration.
Your asset managers reap the benefits of more accurate, reliable data and convenient access to streamlined asset information in a single repository. The real-time information drives dashboards and analytics for scenario modeling and sensitivity analysis.
Your organization benefits from maximized Return on Investment (ROI), optimizing Total Cost of Ownership (TCO), minimizing risk, and improving accuracy of capital planning budgeting.
Geospatial Analytics Equipment Insite Cost Benefit
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Solutions
The end goal in portfolio and process management is optimization. Capital-intensive assets are distributed to best meet demand, and the organizations responsible for long-range planning and utilization are fully in control.
Outdated business processes are strangling organizational goals of increased productivity and flexibility. Employees struggle to achieve basic awareness of assets, working through disconnected database and functional silos.
A strong process and information foundation creates a platform from which higher value goals can be pursued. Increased operational awareness, better decision-making and shared information lead to a sense of gaining control.
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