Smart factory advancements in manufacturing mean more and more operational technology (OT) devices are connected to the network. Today, more than ever before, it’s possible to visualize and monitor OT asset health the way you monitor IT assets. It’s even possible to see the relationships and dependencies between manufacturing and OT assets. This reduces the risk that an OT-related patch or change will negatively impact the production environment.

Many big organizations do not pay attention to their assets, where they are located, and who is using them when organizations do not pay attention to their assets and pieces of equipment! Asset theft, asset misplacement, misuse, or personal asset utilization chances are more. Asset theft is a massive issue across the world & it is common in all industries.

Remote working quickly became a must with the arrival of the global pandemic. Employees and employers alike have had to adapt quickly. Many companies were caught off guard when the health emergency was declared. Within days, employees were forced to work from home to limit the spread of COVID-19. Telecommuting has brought its own set of challenges to IT departments in order not to interfere with business operations.

Hardware and asset management is not easy even in relatively small organizations with 20 or 30 employees. As the size of the organization increases, it becomes difficult to keep track of all the laptops, printers, and other hardware used by the employees. This is where a detailed hardware inventory of IT assets becomes useful. A hardware inventory can help you keep track of all devices and equipment owned or used by your organization.

It has been seen several times that. When a customer raises an issue. Several technicians are working on the same problem. As a result, duplication of work occurs, and efficiency suffers. To avoid this type of problem, help where software is utilized. As it keeps updating the status in real-time and provides each problem with a unique identity number. Whenever the technician works on the same problem it alerts the member that the other technician is looking into it.

Technology has become increasingly prevalent in business operations, to the point that it's practically mandatory. IT assets can range from individual computers to entire networks. Since there are typically countless different IT assets, the process of IT Asset Management has become increasingly essential.

Historically IT asset management (ITAM) is the practice that was forgotten about by IT service management (ITSM) practitioners because it wasn’t considered a “core” ITIL process. This changed with the publication of ITIL 4, and now ITAM sits firmly in the ITIL management practice section of the service value stream. Done well, ITAM can help organizations to manage, control and support their IT services.

The construction Industry is an asset-intensive industry. It is full of assets and equipment and each organization in the construction industry has equipment in abundance. Moreover, for project work, Organization sends the assets and equipment to various locations. When pieces of equipment are in distinct locations, keeping track of asset movement becomes complicated.

Asset intensive organizations regularly struggle with keeping equipment, and different resources in compelling working conditions while likewise diminishing the expenses of maintenance and time-based inspection & fixes.

Equipment management does not always mean providing maintenance when it is broken. It includes lots of activities that need to be done regularly. However, it becomes quite hectic when there are pieces of equipment in abundance. For equipment managers in the construction industry, it is essential to know which equipment is required at which location. So that, no work operation is halted. This is where equipment management software comes into play!