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assetDNAAsset intelligence technology
WHITEPAPER
Asset intelligence: What it is and why it is critical now
Prepared by Infotech Marketing & Communications Pty Ltd on behalf of Relegen Pty Ltd.
Contents
1. Executive summary ................................................................................. 3
2. Why is asset intelligence critical now? ................................................... 3
3. The asset data gap: Our biggest challenge ............................................ 4
4. Trusted asset data: The risks and rewards ............................................. 5
5. The holy grail: A single source of truth ................................................... 5
6. What is an asset? Challenging traditional assumptions ........................ 6
7. The importance of global unique identification for every ‘thing’............. 6
8. Keeping tabs on your assets for real-time, real-world insights ............... 7
9. Using mobile apps to improve asset data quality, and profitability ........ 8
10. Business applications .............................................................................. 8
11. Implementation guidance: Conducting a pilot ...................................... 11
12. The future of asset intelligence: Could it be crowdsourced? ............... 11
13. Relegen’s asset intelligence solution: assetDNA ................................. 12
14. Key takeaways ....................................................................................... 14
15. Taking the next step .............................................................................. 15
16. About Relegen Pty Ltd .......................................................................... 15
17. References ............................................................................................ 16
© 2013 Relegen Pty Ltd [email protected] www.relegen.com | www.assetDNA.com +61 (0)2 9998 9000
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1. Executive summaryToday’s organisations face a complex set of challenges. Continuing market fluctuations are keeping capital and operational budgets tight while the pace of business accelerates. So they have to be more productive and get more out of their assets, at lower cost. Those that do not, risk losing their competitive advantage or becoming targets for takeovers by those that do.
To meet these challenges, organisations must gain deeper insights into their operations so they can make faster, more informed decisions. To do this they require what is called ‘asset intelligence’ – a complete, accurate and true picture of their current business capabilities.
This white paper explores the concept of asset intelligence and offers insights into how new technology applications can help organisations improve the quality of data in corporate information systems and:
Create a single, trustworthy point of truth for asset intelligence to enable better, faster decision making
Know with certainty what things they have, where they are, who has them, when something’s due, how they’re operating, where they’ve been, where they’re going
Empower corporate information with real-time, real-world insights from the field through the integration of smart asset identification systems, new signals and sensor technologies and mobile web-based applications
Deliver the right amount and type of information to users in the context of their roles and workflows for making more informed decisions, at all levels of the organisation
Enable organisations to broaden their definition of ‘what an asset is’ to be any ‘thing’ that is important to their business and to provide an easy ability to manage these things uniquely
Give greater, enterprise-wide asset visibility that can be used to prevent unplanned business interruptions and promote optimisation of resources on a global scale
Introduce new capabilities for reducing risk and efficiently meeting regulatory, safety, environmental and other required compliance across the enterprise
Transform the management of assets to make them more productive and less costly to maintain
By using this new-found asset intelligence, organisational leaders can not only meet today’s challenges head-on but also significantly improve enterprise-wide productivity, lower costs, reduce risk, improve safety and security – overall, maximise return on assets and secure competitive advantage.
2. Why is asset intelligence critical now?The complexity and interdependency of today’s global business environment means organisations must do more than simply maintain or manage assets. Regulators want enterprise-wide compliance, stakeholders want company-wide cost base savings and bigger profits, customers want high-quality products delivered world-wide on time, staff want better, safer working conditions and communities demand corporate social responsibility.
Today the need has never been greater to transform asset data into actionable insights that feed into enterprise-wide decision-making processes beyond engineering, maintenance or production so enterprises can maximise the productivity of resources and drive sustainable growth. The development of a new International Standard for Asset Management called ISO 55000 reinforces the view that there is significant potential to improve performance with better enterprise-wide asset management.
Source: Aberdeen “Asset Management: Using Analytics to Drive Predictive Maintenance March 2013”
Let’s take the example of a mining enterprise operating heavy duty haulage truck fleets at multiple mine sites. While exactly the same vehicle may be in operation at each location, it is likely that the processes to maintain and
In today’s globally competitive economy, organisations must do more than simply maintain or manage assets — Paul Bennett, Managing Director, Relegen Pty Ltd
© 2013 Relegen Pty Ltd [email protected] www.relegen.com | www.assetDNA.com +61 (0)2 9998 9000
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15. Taking the next stepTalk to experts at Relegen to learn more about assetDNA and explore the many ways asset intelligence technology can be put to work for your organisation.
Relegen Professional Services can help organisations develop a road map for building capabilities for asset intelligence. Our staff can also help with:
Asset intelligence technology evaluation and implementation
Asset identification and tagging [barcodes, HF & UHF RFIDs, microdots and direct part marking]
Asset auditing, inspection and certification
Asset intelligence consulting and advice
Asset lifecycle management
Asset management consulting
Business process development and review
Improving asset data integrity
Mobile data capture/mobile EAM
Physical asset audits
RFID asset tracking systems
For more than a decade, Relegen has been involved in asset intelligence technology projects for Defence, government, mining, manufacturing and industry, at a strategic consulting level as well as in project implementation, management and operation. Our experienced Professional Services team will bring this asset intelligence expertise to your business.
16. About Relegen Pty LtdRelegen has a proven track record of supplying people and technology to the Australian Defence Force since 2001. Today, its professional, technical and engineering expertise is also employed in asset intensive industries including mining, government, utilities and more. Relegen is an accredited major service provider on the Defence Materiel Organisation Support Services Panel, ISO 9001 certified and a preferred supplier to top tier firms. The company has built a solid reputation for delivering professional services and innovative technology solutions to meet some of the toughest engineering challenges across defence and mining. It was recently included in Rio Tinto’s ‘Top Ten Supplier Recognition Program’ two years in a row. For more information, please visit www.relegen.com and www.assetDNA.com
+61 (0)2 9998 9000
www.assetDNA.com | www.relegen.com
© 2013 Relegen Pty Ltd. Relegen and assetDNA are registered trademarks of Relegen Pty Ltd. All other trademarks mentioned herein are the property of their respective owners.
This publication contains the opinions of Relegen Pty Ltd only and has been written in general terms and therefore cannot be relied on to cover specification situations. Application of the opinions in this material will depend on the particular business circumstances involved and we recommend that organisations obtain professional advice before acting or refraining from acting on any of the contents in this publication. Relegen Pty Ltd accepts no duty of care or
liability for any loss as a result of any opinions in this publication.
CONTACT US
Relegen Global Headquarters5 Taronga PlaceMona Vale, NSW 2103Sydney, Australia Phone+61 (0)2 9998 9000 Fax+61 (0)2 9998 9099 Sales[For assetDNA, assetDNA IDs, assetDNA Pilot Kit][email protected] Partner program [email protected]
Leaders in asset intelligence
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