Part of The Midis Group
Why You Should Automate Your Asset Lifecycle Management

Home > Blog > Why You Should Automate Your Asset Lifecycle Management

22 February 2021

Why You Should Automate Your Asset Lifecycle Management

Automation has been termed as the future of efficiency. Ever since automation systems have come into effect, they have changed the game for the manufacturing industry. While industrial automation has been helping manufacturing units and factories enhance their productivity, there are some other types of automation systems as well that have been contributing to making the IT and digital industry better. Today, automation can be seen in fields like asset management as well, and it has made it easier and more convenient for small-scale and mid-sized businesses to maintain their business assets more effectively, as also helping them increase their overall operational efficiency. However, there are still some misconceptions surrounding the concept. Many people still seem to think that digital systems are not secure. But the case of automation is different!

Here are some reasons why automating the asset maintenance management process can be the right choice for your business – 

⦁ Helps in Scheduling Maintenance

One of the foremost reasons for choosing automated asset management tools is that they allow you to plan and schedule maintenance for your business assets. You can plan preventative maintenance schedules based on various attributes like technical specifications, anticipated lifestyle, warranty, and so on. Depending on the type of business, assets may require additional automation guidelines, if the assets require remote monitoring for several parameters like voltage, pressure, and so on. With the help of automated asset maintenance management, you can see fewer asset failures and an overall improved operational efficiency. 

⦁ Allows for Pre-Programmed Workflow

This is another reason why choosing automated asset lifecycle management is a good option. It helps business owners or asset managers create a customised or pre-programmed workflow, which in turn frees the workforce from having to memorise complex steps for troubleshooting or searching for them in instruction manuals during a service call. Pre-programmed workflows have all the detailed information that can be supplemented with creative content through videos or interactive schematics. There are a few asset management service providers that offer a central management system, allowing the workforce to update any operational process more effectively, which further helps them solve any operational problem in a much faster manner. 

⦁ Optimisation of IT Assets

For a business, IT assets happen to be among the most crucial tools. If there is any hindrance in the working of a server, the productivity of the employees also gets affected. Hence, maintaining records like lifecycle, condition of the equipment, and so on of the IT assets is an important aspect of asset management. With the help of automation, IT asset maintenance management becomes much easier and the productivity of the employees is not hindered. 

⦁ An Easy Way to Integrate and Migrate New Software and Applications

Whether you want to migrate sales data to new software or link it to the inventory, automating your asset management process can make it easier. It enables your workforce to check the required operational reports, applications, print the reports, and more in an easier manner. 

⦁ Offers Easy Data Analysis

One of the most cumbersome but important aspects of businesses is analysing data. Entering and checking of the data through a manual process is extremely time-consuming and can be very tiring, which can affect the productivity of your workforce. Automated asset lifecycle management offers a database that can help in analysing and keeping track of the most recent data regarding the assets. 

This also helps reduce the load on your company’s IT department as they will be able to track issues, upgrade software, and so on more efficiently. Along with this, incorporating automation in asset maintenance and management can also help in improving client relations and even help bring better profits to your organisation.

GartnerMagic Quadrant for EST Software

Check out the new 2017 Gartner Report and see why IBM has been named a leader in Gartner Magic Quadrant for Enterprise Asset Management Software.

Get The Report