Asset monitoring is more than just ensuring that your assets are working as they should. It is a crucial element in creating your overall maintenance strategy. Monitoring your assets enables you to know exactly how they perform and whether there are any signs of potential problems. If you do not monitor your assets, you have no chance to know how they normally behave. Efficient infrastructure monitoring gives you access to valuable information. Not only for your maintenance team but also for other internal stakeholders.
Analyzing the behavior of your assets proactively increases your chance of preventing major disruptions. By monitoring different patterns and regularly conducting health checks of your assets, you can identify any discrepancies and understand how they correlate to one another.
Continuously monitoring your assets gives you the chance to pick up on any early warning signs. This way you can step in before anything escalates and affects your asset. It helps you to pinpoint potential issues that can help you prevent any future downtime and disruption for your team and passengers. A proactive approach like this is not only more productive, it can also reduce the workload of your maintenance team. You will be able to shift your focus from fighting fires to preventing them from even happening in the first place.
Increase the life expectancy
Investing in new equipment is very expensive and naturally, you want to maximize the lifetime of your asset as much as possible. The performance of your assets changes over time and in order to know whether they are working effectively, you need to monitor them closely. In short: their performance changes and so should your strategy. If you want to increase the life expectancy of your assets, the ongoing performance should be monitored.
Get to know your assets
A proactive approach to asset monitoring involves more than taking information at face value. For instance, just because a turnout is functional, it does not necessarily mean that it is running efficiently. Getting to know the patterns and characteristics of your assets enables you to detect problems before they become critical. Learning from previous behaviors and trends can also help you ensure that your asset is always running in the most optimal way.
Casey, J. (2017): 5 Benefits of Effective IT Infrastructure Monitoring
NEWEA – New England Water Environment Association. (n.d.): Definitions and Benefits of Asset Management