Asset lifecycle management

The specific needs of your business will dictate how our asset management services can help you. However, there are many common challenges we see across sectors and industries:

• Capital programme and project optimisation. Setting up a significant capital project involves many challenges. These include the people, process and technologies required to drive and control such a project, or optimising a capital portfolio on an existing asset base. Asset management can help you plan, analyse, structure and execute your large scale capital programmes.
• Recognising opportunities from new technologies. New cloud technologies can be used to improve predictive analytics, worker response and asset automation. We can design a digital blueprint for your Asset Management operating model, which supports the transformation required to leverage the power of ‘Internet of Things’.
• Challenging field and workforce practices. The efficiency and productivity of your workforce is vital to achieving wider business objectives. Changes can be made with new technologies in field worker activation, or to work processes and maintenance regimes. Asset management will help you understand the pain points and how to address them
• Old legacy assets. Many industries have a network of legacy assets that cannot be easily replaced, if at all. These tend to breakdown more frequently, leading to a lot of unplanned maintenance and downtime. Being able to better predict and respond to these issues in an efficient and effective way is vital.
• Improving and using available data. If you combine records that aren’t well maintained, legacy assets, and a low take-up on digital technology then you have a poor dataset on which to base decisions. Similarly, asset registers and maintenance records are often poorly maintained so it is hard to get an accurate picture of your portfolio - maintenance can then become reactive, resulting in increased downtime and higher costs. Improving processes and adopting technology that allows you to better monitor, record and analyse data on your assets will give you a clearer picture.