The “digital twin” concept has elevated asset register management to one of the most important asset management best practices. Without an accurate and correctly set up asset register, it is impossible to run a virtual twin of your physical asset. You can also not easily implement new IIoT based technologies to track and monitor the health of your assets.
Organisations can face huge risks when they operate their assets without critical asset information. In many organisations, keeping accurate details associated with physical assets, such as asset attributes, configuration, condition, valuation and location, is an ongoing challenge. This is compounded by the assets often being situated at different geographical locations, poor recording of changes, out-of-date asset registers and a poor definition of what constitutes a physical asset.
For organisations needing to address this challenge, Pragma’s Asset Identification and Verification (AIV) business process and Asset Register Administration (ARA) processes provide an effective solution. They facilitate and optimise the process of creating and maintaining an accurate and informative asset register.
When should you seek help with your asset register?
If you want to embark on a digitisation journey, you definitely have to speak to us. If you can’t give a firm answer to the following questions, it is a sure sign that you need some help with your asset register.
We follow a two-step process to develop a new asset register or optimise a current one.
Asset identification and verification process (AIV)
Asset register administration
With the standardised asset register being the central point of reference for all your asset information, we involve you in every step of the planning of the structure of the asset tree to ensure that it meets all your needs. To keep it to this standard, we jointly put best practices in place to keep it accurate. With your asset register up to date, you will realise the following benefits:
You can no longer afford not to have a well structured and accurate asset register. Even if you are not yet considering a digitisation strategy, having the baseline ready in a few years’ time starts today. Speak to us.