Our commitment is to put at your disposal all our experience and technology to develop innovative solutions for digitization, optimization and automation in the management of the organization’s assets.
What is Asset Management?
Today, companies have an emerging need to increase productivity and reduce costs. Faced with this situation, many of the most competitive companies have turned to asset management to differentiate their businesses and make them more efficient.
But is asset management the same as maintenance management? The answer is no. The two concepts are related and complement each other, but they have different objectives.
First of all, it is important to be clear about what exactly an asset is. Assets are any tangible or intangible object that is under the domain of a given company, such as >money, licenses, machines, equipment, office supplies, tools, corporate fleet vehicles, among others. In general, assets are the goods that the organization requires for its operation, i.e. to produce income. The main objective of asset management is to coordinate the life cycle of assets. It is the set of activities aimed at extracting value from the company’s assets, which evaluates the opportunities, risks and desired performance of each of them, in order to establish priorities.
The objective of asset management is to maximize the efficiency of assets throughout their life cycle, minimize failures, reduce losses and maximize profits.
Applications where good results are achieved
Asset location tracking
Accurate audits
Proactive Maintenance
Avoid theft
Automate Process
Eliminates Phantom Assets
Digitization of asset management
The thread that binds the future of the serviceand productionecosystem is digital technology. By leveraging the latest software, it collects data from the company’s assets, which is organized and analyzed to control the utilization, availability and location of different equipment. In this sense, with Big Data and connected machines, companies are gaining the power to reduce costs, increase efficiency, reduce emissions and improve business results.
Digital Process Twins
For example, motors and power machines now provide information and are connected to the industrial internet thanks to the Predix platform,so if there is a problem we can see what is happening and fix it at the moment.
Customers also now have the power to inspect each of their fixed assets from a smartphone.
For enterprises, they can now apply those ideas with the help of physics-based models called Digital Twins, which are virtual equivalents of real-world assets. Digital Twins are created for each individual asset, and then all of those Digital Twins can be synthesized across the entire asset network, allowing companies to optimize their machines, processes and business capabilities.
Industry 4.0 and the energy transition
Industry 4.0 refers to the way in which the means of production are organized in companies whose objective is to achieve the concept of a smart factory capable of adapting much better to the needs and processes of production, in addition to pursuing efficiency in the use of resources, managing the availability and use of its fixed assets; which leads to a new industrial revolution, hence this concept is referred to as the fourth industrial revolution, cyber-industry of the future or smart industry. But one thing must be clear, Industry 4.0 expresses the idea that we are at the gates of the fourth industrial revolution, so perhaps it cannot be considered an industrial revolution, but something that favors or drives it.
What is the contribution of Industry 4.0 to the energy sector and the energy transition?
The energy sector is a key and vital part of the economy, it is an indispensable supplier of the rest of the economic sectors, hence it is so important to adapt to market trends to boost the competitiveness of any country.
Digital management of fixed assets
Enterprise asset management is the discipline that seeks to manage the entire life cycle of an organization’s physical assets in order to maximize their value. It covers processes such as the design, construction, operation, maintenance and replacement of assets and infrastructure. “Enterprise” refers to the management of assets despite the fact that they are located in different departments, locations, facilities, and in some cases, even different business units. Asset management can improve asset performance, reduce costs, extend asset life and improve asset ROI. Enterprise asset management is a business paradigm that integrates strategic planning with operations, maintenance, and capital investment decisions. At the operations level, enterprise asset management appeals to the efficiency of all assets, including inventory, compliance and human resources by combining the goals of investment, maintenance, repair and operation management. Similarly, enterprise asset management includes challenges that include improving productivity, efficiency, maximizing lifecycle, minimizing total cost and supporting the supply chain. Nowadays, fixed asset management models have become tools that facilitate the achievement of strategic objectives in organizations; therefore, analyzing their behavior, reducing their costs and optimizing their investments are processes that are of great importance when it comes to producing value.
Key features of the fixed asset management solution
These are the required features
- Horizontal property management
- Office and building management
- Manufactures
- Utilities
- Computer equipment management
- Inventory Management
- Equipment and tools management
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