What’s driving digital transformation, and what does this even mean? You have more than likely been using some form of this all along. It’s the integration of digital technologies that focusses on how we can change manual processes and, as a holistic view, how we engage the entire organisation and its people. ‘Going digital’ changes and improves how your business operates and delivers value to customers. But what does it look like for asset and maintenance management?
The results from the most effective transformations point to five factors for success; leadership, capability building, empowering workers, upgrading tools, and communication. These categories suggest where and how companies can start to improve their chances of successfully making digital changes to their business. Unlocking success in digital transformations
What is Digital Transformation in Asset Management?
Digitisation in terms of your asset management processes can be as simple as creating a digital work order (previously paper-based) and accessing that job order via your mobile phone. Or performing an asset audit via a mobile app rather than using a spreadsheet. Using that digital data will improve data accuracy and business processes. So digitalisation is essentially a transformation within an organisation that utilises digital technologies and data to improve the way things are done.
Digital transformation is the rewiring of an organisation. Like any commonly used phrase, “digital transformation” has devolved into a catchall term that means different things to different people. That’s a problem. Digital transformation strategy is critical for organizations to not only compete but survive. If leaders can’t be clear about what a digital transformation is—and align their organization around a specific program—they can’t expect to be successful. Executives are paying attention. An estimated 90 percent of all organizations are currently undergoing some kind of digital transformation, according to McKinsey research. “It is ‘show me the money’ time for digital transformations,” says McKinsey senior partner Rodney Zemmel. To succeed in a digital transformation, it needs to be a CEO agenda item. What is digital Transformation
The limitations of 20th-century asset and maintenance management systems are becoming increasingly apparent. These legacy systems, once considered cutting-edge, now act as barriers to the seamless maintenance of assets and efficient service to operations and manufacturing.
Modern CMMS/EAM Software
Modern CMMS (Computerised Maintenance Management Systems) and EAM (Enterprise Asset Management) solutions offer advanced features, keeping you competitive with functionality that is ease of use, keeps you connected via mobile apps, has flexibility in configuration, and enhances business performance, all while maintaining cost efficiency.
These systems provide the perfect balance of cost, risk, and performance, delivering actionable insights and streamlined processes at the user’s fingertips. New technologies yield vast maintenance efficiency potential for industries with distributed fixed assets. Companies that have digitized and automated their maintenance processes now show a significant increase in labor productivity and a 20 to 30 percent reduction in maintenance costs. Efficiently identifying the “when,” “where,” and “what” for field maintenance is crucial to labor productivity and lower maintenance costs. The future of maintenance
Integrated EAM Solutions
While many organisations are implementing digital solutions to streamline their processes, they run into difficulties when they have to maintain and update separate systems just to keep their EAM processes running. Many asset management teams are encouraged to utilise their core ERP for some asset management tasks. But most ERP systems lack the necessary tracking and auditing functionality to efficiently handle asset operations. This is where EAM integration becomes essential.
Conclusion
Organisations are increasingly recognising the necessity of embracing digital solutions to remain competitive. As part of their digitalisation strategy, businesses are embarking on a transformative journey where traditional, paper-based processes are being converted into digital formats, unlocking the vast potential of modern technologies. This shift touches every facet of their operations, from daily workflows to overarching business models. By adopting digital solutions like Hardcat, organisations can not only streamline their processes but also save time and reduce costs while creating new avenues for value creation and revenue generation.
Hardcat’s enterprise asset management solutions play a pivotal role in this transformation. By converting complex data and processes into digitised information, Hardcat enables businesses to harness the full power of their data, enhancing decision-making and driving innovation. With the ability to manage detailed asset data, optimise maintenance workflows, and provide real-time analytics, Hardcat empowers organisations to create new value and uncover revenue-producing opportunities.
In an era where digitalisation is crucial for success, modern CMMS/EAM solutions like Hardcat are not just tools but essential enablers of innovation, efficiency, and sustained competitiveness, empowering organisations to transform their operations, drive new value, and maintain a competitive edge.
