In this gripping growth of the industrial landscape, the need for a structured asset management system is more paramount than ever. To support this urgency OT asset inventory- a mutational tool is considered one of the best redefinitions for overseeing organization and industrial critical infrastructure. Before signing in for the OT asset inventory process, it is predominant to understand what exactly it is.
Let’s examine the meticulous benefit that your business will gain from OT asset inventory management.
Enhanced Visibility and Control
A complete OT asset inventory appraises your asset management understanding for industrial growth in the following areas:
- Real-time asset update: A constant asset tracking system is activated to track asset health. Up-to-the-minute updates will be validated into the operational status to focus on any deviations or malfunctions promptly.
- Interdepartmental communication: Consolidation of every asset update in a centralized system will allow for transparency of information across various teams and required departments. This federated access polish team coordination, efforts, and efficiency among cross-functional operations.
- Centralized management: OT asset inventory is a well-structured and maintained process that integrates a wide array of operational technology assets from a single platform. Administration overhead can be marked down with this centralized asset management process.
Compliance management
Following the complexities of the industry regulation can be challenging, but a well-structured OT asset inventory provides support for compliance management and reduces the risk by navigating through these:
- Meeting regulatory requirements: An essential regulatory requirement of asset tracking is met by OT asset inventory management. The process ensures hardware and software components are documented and are well coordinated with the industry standards. This minute level of detailing helps departments to figure out vulnerabilities and account for protection.
- Auditing: The structured and well-maintained format of the inventory management system makes the audit process faster and the provision of information. NIST Special Publication 800-82 asks for accurate and updated asset inventory for accurate audit data.
- Less area of noncompliance: Accurate inventory records help organizations follow the regulatory requirements without any extra effort. The situation of fine and potential reputation damage can be saved. The NCCoE (National Cybersecurity Center of Excellence) changes for asset management is also well managed by the automated asset management solution.
Decision-making
Data-driven decision-making helps in achieving operational success in an industrial environment. Some of the areas that OT asset management uncovers for better decision-making:
- Investment choices: Get a detailed report about the asset lifecycle and data performance to make relevant decisions about updating or replacing the asset. This set of data will help in planning the investment as per operational and technological advancement strategy.
- Budgeting: The current asset landscape is essential to figuring out budget and financial planning. The history of asset utilization, requirements, and market patterns plays a significant role in planning the budget. With the analysis, an organization can estimate future expenses and place resources in the required segments.
- Technology upgrades: A targeted approach is required to check with areas of technology that need updating. By following this targeted approach, the industry can improve its operational efficiency and ultimate performance.
Cost-effective
When a distorted approach is used in asset management most of the cost cannot be explained. With OT asset management, not only gets answers to the cost incurred but also ensures it is done rightly. The optimization is provided in the following areas:
- Unnecessary purchases: A clear statement of existing assets reduces the chance of duplicate or unnecessary purchases. With this level of accuracy, the company can save enough to purchase new equipment.
- Asset lifecycle: Updated records about the asset’s current stage, repair, replacement, or retirement are perfect to understand the asset lifecycle. This detailed record helps the organization in extending the assets where needed or replacing them at the right time.
- Saving energy: Inefficient asset addressing is important to save energy. When an inaccurate inventory runs, electricity on it is rather an expense than an investment. Having the point clarity of inventory health enhances energy efficiency and saves where required.
Conclusion
The complex landscape of industries can be tackled well with the OT asset inventory tool. The delivered results and optimized growth are highly evident in the decision-making of asset inventory management. Ensure your organization is structured, adheres to compliance and always stays within the budget with the help of Sectrio’s advanced asset management solution. Connect with our team and get solutions for operational excellence.
