Asset Management

For government agencies, non-profit organizations and asset heavy, private sector enterprises, there has never been a greater need to optimize the management of facilities and infrastructure. Organizations are finding their budgets squeezed amidst rising costs and increasing regulatory scrutiny. Meanwhile they are experiencing increased demand to provide optimal services and support for their key assets.

Escalating real-estate and labor costs, increased competition, constant reorganization and significant merger and acquisition activity has put even greater pressure on resource-strapped organizations to efficiently and effectively support the needs of today’s fast paced organizations.

Asset management is quickly moving from a series of uncoordinated back-room, operationally focused processes to a Strategic Asset Management focus, that is part of the overall planning process in an organization. This results in organizations needing to holistically manage their key assets and be able to effectively integrate, manage and analyze the details of these key assets.

The world of assets can be divided into two broad classifications:

  • Non-Linear Assets - these include Mobile assets (i.e. vehicles, equipment, IT networking), and Fixed Assets (i.e. office buildings, plants, equipment) Non-linear assets occupy a specific space and can be tracked by its location.
  • Linear Assets (sometimes called Continuous Assets) Linear Assets often connect with each other and are often part of a network that moves fixed Assets. i.e.rail lines for trains, water pipes for water, roadways for cars.

Linear Asset Management -The physical network infrastructure is what differentiates the markets that require Linear Asset Management. These markets are unique in that the single most important asset is the network itself. If adequately modeled that network also provides the ‘hub’ by which all other data may be connected together for effective and meaningful asset management.

Fixed Asset Management (Non-Linear)

Buildings are just one example of the fixed assets that organizations have to manage. In the US alone, there is nearly 60 billion square feet of building space. Many of these buildings were built in the post-war boom and are now over 40 years old. The same is true for many of our schools and government office buildings. This aging of our buildings combined with the challenge of effectively providing space to operate the business is capturing the attention of CEOs and government legislatures.

The Kalido asset management approach is based on its enterprise-wide Master Data Management software solution for harmonizing, storing and managing any type of asset data. Kalido increases the consistency and accuracy of corporate performance reporting by producing an asset data repository from which “golden copy” master data can be accessed and better business decisions enabled.

Kalido can:

  • Reduce the cost of managing asset information
  • Link common assets across multiple systems
  • Identify gaps, duplications and unmanaged assets
  • Increase the lifespan of existing systems
  • Reduce the risk of replacing legacy systems
  • Facilitate better, more informed business decisions
  • Provide a whole life view of asset information

Why Does The Business Care?

  • Escalating costs of maintaining older assets increases margin pressure_ Having buildings and equipment managed and working properly are the cornerstone of business productivity
  • In the Linear Asset management case:
    • It’s hard to analyze the parts of the network, as that data comes from many places, and often summarized to a point of not being useful. (i.e. tell me the section of rail that costs the most to repair? Which part of the network has been out the most? Show me the parts of the network that come under the New Jersey jurisdiction?)

Why Does IT Care?

  • The asset data is in multiple databases, applications and formats.
  • Common definitions of assets are hard to create when the sources are so different.
  • The sources of data change when new assets are acquired.
  • Once built, the data warehouse is frequently out-of-date with so much change.
  • Business users regularly ask for new views of the data.

Using Kalido, organizations can deliver timely, accurate and complete views of their assets, products and locations performance across the entire organization. Kalido validates, maps and stores disparate asset data from multiple sources so it can be used by BI tools to deliver a single view of asset data.

Kalido provides built-in workflow to improve and ensure compliance and governance processes are followed. Subject-Independent Master Data Management saves you from having to take a product designed for something else (customer, product) and force fit it into your environment. Our Master Data Management solutions provides an open API to connect to any and all of your existing transactional systems to provide for smooth integration with existing investments in processes and technology.