The document outlines three key benefits of implementing an IoT-enabled asset management system: error rectification through predictive analysis, cost tracking for improved resource allocation, and the use of intelligent sensor solutions for asset monitoring. It highlights the importance of these systems in enhancing productivity and minimizing mismanagement. Additionally, it introduces eSolutions, a company that offers comprehensive asset management software, Maximo, to support businesses in effectively managing their assets.

1. 3 Reasons Why Your Company Needs IoT-Enabled
Asset Management System
Asset management has become an important practice for upcoming businesses so that all physical,
as well as virtual assets can be monitored, analysed and improved according to the company’s
requirements. Here are the benefits of tracking your asset management in IoT:
1. Rectification of Errors - One of the most useful IoT-based asset management solutions
is repairing and replacing errors. If a device is damaged, then IoT would provide a predictive
analysis of its condition so that its replacement doesn’t cause any work loss for the employee.
Since the entire process is available for the entire organisation to see, the scope for
mismanagement is negligible.
2. Tracks Company Costs - For any asset management system, the main aim is to increase
the productivity of all sets and gather useful insights from the company’s data. With the help of
IoT, this can be done by saving a lot of money as its constant monitoring and analysis ensure that
priority-based assets get the required expenditure.
3. Involves Intelligence - Businesses considering IoT for their asset management should
also check out intelligent solutions such as sensors that provide the company’s asset information
without the involvement of an individual. After proper analysis, this data offers beneficial
insights for transforming/regulating each asset’s location, usage, etc.
Company Profile
eSolutions is a renowned Middle Eastern company that has developed the most comprehensive
asset management software, Maximo. From managing the lifecycle of each physical and
technological asset to providing maintenance updates on a priority basis, the organisation ensures
that your company’s assets are tracked, monitored and analysed at all times. Moreover, this
versatile asset software system manages all concerned human resources.