By Navin Nageli, Founder & CEO
ITS asset management is like drinking from a fire hose – where to start, what to collect, the level of detail. There is a lot to digest, and the process for managing ITS assets is still new and a little bit unfamiliar. So take it step-by-step.
ITS assets include
- networking equipment,
- sensors,
- traffic signals,
- communication devices,
- Bluetooth devices, and
- cameras.
At Navjoy, we are big believers in the four stages of evolution -- crawl, walk, run, and fly. When we apply this to asset management, here is what it looks like:
|
Stage |
What is most important |
Immediate benefit |
|
Crawl |
Inventory |
Get asset counts – area, routes, etc. |
|
Walk |
Physical condition of the asset Age of the asset Photo visual of the asset |
Foundation for life cycle planning and budget forecasting |
|
Run |
Tracking alarms and tickets for assets |
Track asset uptime, MTBF, MTBR and identify bad factors |
|
Fly |
Track labor, materials, equipment including cost |
Get holistic life cycle management to find more efficiencies |
You will see the biggest return on investment (ROI) with the crawl and walk stages in terms of making the best use of available resources and budgets. So, if you’re looking for a place to start, start at a crawl. Although collecting an inventory can be tedious, it’s worth the investment from the efficiencies that come out of it.
Similarly, the farther you make your way up the ladder, the more cost effective you become. With lifecycle planning, your budget will be in much better shape and cost-value decision will be much simpler. This step-by-step model can be pushed even further by using a software, like NueGOV, designed with these crawl, walk, run, and fly features in mind.
If you feel overwhelmed by the task of collecting inventory, let us help. We have trained field technicians who can quickly and affordably collect your asset inventory for you.