Asset Management Strategy Relies On Integrated Maintenance

Decision-makers are more likely to make the best choices when they have as much information as possible. This is a large part of the reason for the trend towards digitalization of business processes. Implemented properly, digitalization opens up new ways of doing business and can enhance your asset management strategy and the whole business through the use of integrated data.

The value of integrated data may be responsible for the increasing adoption of Enterprise Resource Planning (ERP) software in the business world over the last two decades.

ERP systems integrate processes, thereby improving the exchange of data and streamlining core business functions. The trend is still ongoing. Today, companies are seeking systems that both integrate seamlessly with their ERPs and provide value that isn’t present when the solutions aren’t talking to each other.

Asset management relies on maintenance

The Prometheus Platform brings integrated value to your maintenance department by digitalizing your asset management strategy. Asset management, at its core, is about the best fiscal management of physical assets. It is about perfecting performance while balancing cost and risks over the life cycle of an asset.

Our solutions encompass all elements of the maintenance workflow, including the identification, planning, scheduling, execution, completion, and analysis of maintenance.

Maintenance is a complex undertaking that involves the scheduling of work, having ample supplies to complete that work, identifying imminent failures, capturing accurate and timely data, and being able to analyze that data.

A truly digitalized asset management strategy will also use that data to identify trends and behavioural patterns of physical assets. There are so many moving parts and so many different people that it is essential to be able to connect those parts and people in a centralized hub, whether on-premise or in the cloud.

There is no question that this is a lot of work, but the return on investment makes it worthwhile. Prometheus can show you how to implement these solutions and ensure your assets supply the maximum value to your organization.