Asset Management
Asset Management
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Do you have an asset management program in place to optimize your capital cost and mitigate operational risk?

Public and private entities with significant real estate portfolios are faced with managing and maintaining tens of thousands of individual assets, such as HVAC equipment, electrical power systems, and building infrastructure.

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An Integrated Asset Management Solution — Geospatial Analytics Asset InSite™

An Agile, Scalable Collaborative Tool to Meet Today’s Enterprise Asset Management Challenges

Facility managers need to understand the maintenance needs of these assets, determine their remaining useful life and create accurate capital replacement plans. The second largest expense after personnel, real estate and related facility costs can represent more than 20% of an organizations’ cost structure.

Despite the critical nature of these assets and advances in facility management technologies, a recent study revealed that most facility managers have not implemented an enterprise asset management program. Instead, many facility managers still rely on manual, paper-based or spreadsheet processes that are inherently inefficient, inflexible, error prone, and cumbersome.

Because the data is not aggregated in a single repository, facility managers are unable to leverage the power of predictive analytics. These processes often lead to inaccurate results, suboptimal decision making on asset investments, and increased risks of costly business disruptions, health/safety incidents, and regulatory violations. Facility managers need a strategic approach to asset management at an enterprise level.

The Opportunity

Analytics are the key to effective enterprise asset management. Analytics, for example, enable you to balance replacement costs with maintenance/repair costs to optimize total cost of ownership (TCO). Analytics provide an opportunity for facility managers to view sets of assets, in a standardized way, from a more strategic financial perspective.

Enabled asset risk management and capital planning
Increased volume purchasing power
An objective, standards-based approach to purchasing
Improved compliance
Enhanced sustainability and attainment of other organizational goals
Improved emergency repair response
Better informed, timely decision making

The Solution

Geospatial Analytics Asset InSite™ is a data analytics tool that enables you to analyze the data gathered via asset inspections to optimize enterprise asset

Incorporates efficient, secure sharing of building asset condition information and comprehensive reporting
Facilitates analyses such as total cost of ownership, asset risk management and capital building
Integrates easily with existing systems to provide additional functionality as needed
Provides an intuitive user interface
Adapts to your organization's specific situation and requirements
Positions your organization to leverage powerful analytics and to optimize the value of an enterprise asset management program

How You Benefit

Geospatial Analytics Asset InSite™ enables asset owners and managers to:

Identify opportunities to consolidate volume purchasing for all equipment types, as well as bundling of projects to obtain volume discounts for services
Apply a consistent process and standard for making purchasing decisions, as an alternative to ad hoc decision making based on subjective criteria
Optimize asset repair versus replace decisions (total cost of ownership) across asset classes, individual facilities and corporate portfolios
Maximize return on investment for assets
Create accurate capital expenditure forecasts
Perform asset risk management
The clients of Geospatial Analytics® have over ONE TRILLION DOLLARS in combined real estate asset valuation. Their clients trust them to add value to their business ventures.

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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.