Whether it’s a Genset, a workstation computer, or a multifunction photocopier, it’s vital for JMB/MC to track and maintain these assets for as long as they have them. It’s called life cycle maintenance, and it requires a robust system of accountability. It’s why many JMB/MC have turned to digital assets tagging.
Digital assets tagging serves as a powerful tool in collecting and maintaining data relevant to assets. Integrations with support and maintenance systems, as well as historical upkeep information, paint a digital record of a physical asset. Not only does this aid in life cycle maintenance, but it also helps JMB/MC better understand their assets. Here’s a look at how digital assets tagging technology supports better asset tagging.
So long as it’s kept current, digital assets tagging can house the complete service record of an asset. This includes capital systems.
For example, consider the backup generator that powers your on-premise server room. It needs biannual maintenance to ensure functionality in the event of a power failure. Looking back through service records in the digital asset tracking, you can see that it was last serviced five months ago—which means it’s due for service soon. Asset managers can schedule a service appointment with the appropriate vendor—or create automation within the digital assets tagging that does it for them.
Every successive maintenance item gets added to the log, alongside information about emergent problems, solutions, notes, recommendations, costs, and anything else noteworthy about the continued upkeep and reinvestment in an asset.
Digital assets tagging is highly integrative, and one of the perfect pairings is with a CMMS platform. Creating a continuum of care that emphasizes proper life cycle maintenance.
Consider a Genset. It needs routine service every 3 months. There are also factory-recommended services and discretionary repairs to consider. Now, consider all these services within a CMMS that’s smart enough to create a ticket when they’re due and assign it to the right staff member or vendor. The digital assets tagging can actively track the logs of the Genset and interface with the CMMS. When the Genset hits 3 months, the digital assets tagging relays the information to the CMMS, which generates the ticket: “Genset Inspection service.”
Integrations beget automation, which is vital in digital assets tagging and maintenance. Digital assets tagging decreases the level of oversight or effort that goes into managing the multitude of JMB/MC assets and instead, puts exceptional maintenance on autopilot.
Assets are constantly in use—it’s what makes them assets. This can make it difficult for managers and stakeholders to keep track of them. This is where IoT sensors come into play as vital tools in asset tracking and management.
IoT sensors provide an abundance of simple, yet vital information about assets—and they relay that information to digital assets tagging. Think about something as simple as a video projector on a cart. Equipped with a sensor, it’s easy for asset managers to look at the digital assets tagging to see where on a corporate campus that asset currently is. This data, over time, delivers a clear picture of that asset in action. Wednesday it was in Building A. Last week it was in Building C. Before that, it sat idle in Building D for two weeks. As the life of an asset becomes more transparent, the management capabilities surrounding it becomes more robust.
Should you sell the photocopier that’s eight years old and buy a new model? That depends on what the digital assets tagging says. At a glance, asset managers can see the cost breakdown of the asset—purchase price, upkeep costs, ROI, current value, and more. They can also see its maintenance history and usage history. At a glance, the digital assets tagging provides precise information for a more informed decision. You might find that the cost of a new photocopier will pay for itself in three years, which makes it a smart investment over your current model that’s racking up the maintenance costs.
The concept is simple: the more you know about an asset, the more informed you are when it comes to utilizing it (or replacing it). The IoT and digital assets tagging are a powerful combination for illuminating asset information.
Digital assets tagging empowers JMB/MC and stakeholders to see their assets in a new way. Beyond the physical form and function of an asset, digital assets tagging provide insightful data about its place in the greater operational picture. What’s the current value of 2019 Genset? When was the copy machine last serviced by the OEM? Where is the fourth-floor A/V now? Digital assets tagging brings visibility to assets in a much broader sense of the word.
Combined with the IoT and automation, JMB/MC have even more opportunities to make assets go further. From proactive and preventive maintenance to better decision-making about how to use them, asset tracking through a twin means more mindful management.
Whether it’s tracking usage or optimizing efficiency, digital assets tagging provides much-needed insight for critical assets big and small.