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.

Collage of ITS assetsITS 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.