Preventing equipment loss in hospitals and emergency services with asset intelligence

Asset intelligence technology is poised to gain traction in the global healthcare and emergency services industry sectors in an effort to combat the staggering amount of assets which disappear due to loss or theft. Continue reading “Preventing equipment loss in hospitals and emergency services with asset intelligence” »

Improve safety and reduce the cost of recalls with unique device ID’s

Recent news reports of a recall on 80,000 EpiPens and warning of a contaminated heater-cooler device used during cardiac bypass surgery highlight how important unique device identification (UDI) systems are for the medical industry. Continue reading “Improve safety and reduce the cost of recalls with unique device ID’s” »

Collaborative data management platforms set to transform enterprise asset management

All organisations strive for reliable, uninterrupted operations. Asset-intensive companies have a special challenge when it comes to keeping systems running. The failure of a mission-critical component such as a pump, a generator or turbine engine can have devastating impact on operations and production. Hours of down-time can be a reality when this failed asset requires identification, trouble-shooting, repair or replacement. The losses may just be a headache – or they can be catastrophic.

To minimise the risk of these events occurring, organisations incur high costs for manual, labour-intensive audits, inspections and rounds, and clock-based maintenance and replacement schedules that may not even be necessary. Furthermore, the data collected during these activities serve only as a snapshot of a point in time and very rarely is it shared in a timely manner with OEM’s, service agents, users and other asset stakeholders.

But what if the operator tasked with bringing the asset back online had access to all real-time and historical data – manufacturing, warranty, engineering, user manuals, past wear and tear, performance and operating history, past failures, a full service history – accessible in the field? Continue reading “Collaborative data management platforms set to transform enterprise asset management” »

Managing evidence and chain of custody with asset intelligence

We’ve all seen police evidence being handled on programs like CSI, but the reality is more complex than the drama show implies. Evidence provides law enforcement agencies with the hard information they need to pursue justice. But tracking the chain-of-custody of thousands of items from crime scenes, through storage locations, to laboratories and court rooms and back, can be a monumental task requiring significant manual effort. However, with the advent of asset intelligence technology, evidence tracking is becoming more automated, efficient and secure. Continue reading “Managing evidence and chain of custody with asset intelligence” »

Improving spare parts management in complex asset operations [Part I]

When any complex asset is manufactured and enters operation, every part matters [think everything from small, low cost fasteners, bolts, adhesives, and aircraft components]. Assembly floor managers, service providers and suppliers already know that effective spare part management is essential for maintaining service levels, minimising unnecessary inventory costs and ultimately mission success.

However, the ever-increasing challenge of global track and trace regulations, such as those in the defence, aerospace and pharmaceuticals industries, means that those managing components must clearly demonstrate they have full visibility into their parts, inventory and supply chain processes at all times. In order to do this, they need each piece – no matter how small – to be individually identifiable. Continue reading “Improving spare parts management in complex asset operations [Part I]” »

Rigorous risk-based assessments boost asset management

In our last blog post we introduced the concept of a unified platform for risk-based asset management with our new assetDNA-riskDNA ecosystem. This week, we’d like to pick up from where we left off with a closer examination of the risk assessment tools offered up by the system – specifically as they relate to the management of operational assets – and share an interesting anecdote about a real-world application. Continue reading “Rigorous risk-based assessments boost asset management” »

Should you rip-out, re-write or re-invent your legacy enterprise asset management system?

Deloitte’s just released their annual technology predictions for 2016 which focuses on 8 trends likely to disrupt business over the next few years. Whilst much of the report concentrates on futuristic technologies, what is most interesting, is that this year, one trend was dedicated to the coal-face challenge of modernising and extending the value of legacy systems.

An example relevant for our clients is legacy enterprise asset management systems [EAM’s], computerised maintenance management systems [CMMS’s] and enterprise resource planning systems [ERP’s]. Whilst these systems have been essential for the financial and operational management of assets, they were never designed to provide the granularity of detail demanded by today’s complex global enterprises, or readily integrate with emerging asset tracking technologies, auto-ID [RFID, NFC, barcode, DPM etc.] and field mobility applications. Continue reading “Should you rip-out, re-write or re-invent your legacy enterprise asset management system?” »

Part II – Asset tracking & NFC – The Pros & Cons

Happy New Year! Whilst it’s been some time since our last blog post [only because we’ve been VERY busy developing an incredible array of new products for you in 2016…so stay tuned!], we’d like to pick-up where we left off with a blog post on the pros and cons of NFC technology as it relates to the business of asset tracking. Continue reading “Part II – Asset tracking & NFC – The Pros & Cons” »

We’re a finalist in 2015 MAL Industry Innovation Awards!

We were very excited to learn that our assetDNA technology solution has been named a finalist in the Pacific 2015 Maritime Australia Limited [MAL] Industry Innovation Awards.

Our finalist placing was based on an asset intelligence technology-based project we undertook for the Royal Australian Navy’s [RAN] new Landing Helicopter Dock’s [LHD], where our asset intelligence solution – assetDNA – is providing a new automated means of capturing real-time operational data from asset inspection rounds and watch-keeping programs.

So here’s a quick run-down of the project! Continue reading “We’re a finalist in 2015 MAL Industry Innovation Awards!” »

Weighing in on the latest global RTLS market predictions

It must be the time of year when all the market research experts weigh in with their predictions for the global Real-Time Location Systems (RTLS) market because there’s been a flurry of them in the last month or so. Predictions for the growth rate of the global RTLS market ranged from 20% up to just over 33% CAGR and market value forecasts ranged from $7 billion up to $43.7 billion. Continue reading “Weighing in on the latest global RTLS market predictions” »