As a public sector organization, managing your fleet and assets is complex. You’re probably facing numerous challenges, including outdated and siloed legacy systems, inefficient monitoring of assets, and the demand to increase services while cutting costs.
This is further compounded by reactive maintenance that causes interruptions and the need to comply with regulations. However, there is a powerful way to use data to transform enterprise asset management. That starts with having a central hub where all data lives for better context. It can further be optimized with the use of IoT devices and sensors.
How You Can Extend Asset Management with Real-Time Data and IoT Connectivity
Every industry is under pressure to implement digital transformation. The public sector is no different – however, you may be unsure of how to turn data into actionable insights.
First, all your asset data needs to live in one place. This data includes everything about that asset, including its status, location, utilization, diagnostics and more. Having this data in one platform is possible with Track Star’s solution, where you’ll have a 360-degree view of each asset. Additionally, you’ll be able to automate preventive maintenance schedules, optimize work orders and manage inventory. But there’s even more you can do with your data when you integrate IoT devices. By using sensors, tags, telematics devices and other instruments, you can achieve asset intelligence. With real-time connectivity to your assets, you have the power to deeply understand how your assets are used through information regarding location, utilization, diagnostics and performance.
By using a central platform and integrating IoT, you can eliminate manual processes, optimize workflows, automate tasks and enhance efficiencies. Creating intelligent assets allows for a constant stream of data, which can generate analytics and actions. Those actions then turn into resolutions. If you knew the location, status and state of every asset and added logic, what operational challenges could you solve? With IoT data, your entire approach to asset management becomes proactive rather than reactive.
How It Works: Integrating IoT into Your Enterprise Asset Management Platform
The first step is outfitting your assets with appropriate IoT devices. That data then streams into your platform and offers you the ability to create rules around the data, which then become notifications or alerts. For example, you can see assets with past-due work orders or spot trends on how machinery is performing, which may prompt the need to service it.
The process is easy and scalable when you have the right tools. Within the software, you’ll have multiple views, including:
- Viewing all alerts and work orders
- Reviewing the history of work orders and utilization for any asset
- Accessing diagnostic data for any asset that turns on and off
- Using smart city sensors to monitor the environment of your asset (air quality, flow meters, moisture, temperature, etc.)
- Monitoring safety and compliance by seeing data related to worker behaviors, allowing you to predict risk better and take corrective action
- Connecting all the data to your team members in the field, allowing them to make better decisions and be more effective
Ultimately, what IoT brings to public sector Enterprise Asset Management is data-driven decision making.
But why should you invest in technology? As a public sector organization, budgets are tight, and anything you purchase must have a documented return on investment (ROI). Modern asset management solutions provide a smarter approach to operations, enabling organizations to significantly reduce maintenance costs through predictive maintenance, extend the useful life of assets through better monitoring, decrease costly downtime through real-time alerts, and deliver better service to citizens through optimized resource allocation. The right IoT-enabled solution can transform reactive maintenance into proactive management, helping public sector organizations do more with limited resources while improving accountability and transparency in asset management.
