How Fixed Asset Management Software Can Be Utilized to Avoid Disaster?

A natural disaster can occur anytime anywhere in the world and most of the time they are inevitable. These disasters can damage human lives, transport, property, etc.

Other than natural disaster there is a man-made disaster as well, which are more harmful to human than a natural disaster.

Moreover, man-made disasters can result in the permanent shutdown of the organization. Because they mostly occur in an organization. Therefore, an emergency plan must be in place. However, according to the Small Business, “Only 37% of small businesses have a formal disaster preparation Plan.”

Disaster management in asset management is built for the sole purpose that is to avoid a crisis. It is the responsibility of the organization; in case of natural disaster occurs, they need to be prepared to minimize the impact as much as it can!

Thanks to asset tracking and management software, it can help in many ways such as track and manage all the resources and staff effectively that too in minimum time.

How Asset Management Can Help to Avoid All Types of Disaster?

Asset management can help organizations in avoiding disaster specifically man-made disasters with the following assistance:

Asset Maintenance

Asset, machines are equipment that must be given maintenance time to time so that they are kept in running and maintained condition. Especially those machines which are very sensitive to asset maintenance such as reactors & heavy equipment.

If proper maintenance is not given on time, they can result in chemical spills, power failure, they can also release dangerous gases which can be very harmful to not only employees but also for the organization as well.

When an organization has a lot of assets then keeping in mind which asset is maintained & which is not, becomes a daunting task. Asset tracking software allows you to keep track of equipment and machines and lets you manage them efficiently.

You can define a particular time (15 days or 1 month) depending on your requirement that how frequently equipment needs maintenance. So, this software will alert you as per your defined period. Now you don’t have to keep track manually.

Asset Life Cycle

We all know man-made disaster takes places when equipment & machines are not provided care & maintenance properly. Another factor can be asset life.

It is important that equipment is disposed of or exchanged in time. Otherwise, equipment failure can occur and catastrophic damage can be seen. Other machines and humans will bear collateral damage as well.

With the help of asset tracking software, you can retrieve complete information about each equipment. With this data, you can also know when you purchased it and when it needs to be disposed of.

Data Safety

Workers & employees are the assets of an organization but the data & information are also one of the biggest assets of an organization. Therefore, it is important that during a disaster all data is safe and sound.

Asset tracking software comes with the cloud-computing feature through which all data is secured to online servers. In simple words, even if the system is broken the data will be secured online.

Now all the man-made disasters do not impact lives physically, cyberattack is one of the major issues, it can hurt your business silently. Hence, data security is mandatory for the organization to keep data in an encrypted form so that data piracy does not take place.

The solution to this problem is also cloud-based asset management technology. They protect data with multiple level protection. Thus, you do not have to worry about data security.

Human Safety

Road accidents are one of the biggest man-made disasters. According to the NDTV, “There is one death every four minutes due to a road accident in India.” But with IoT Asset tracking it can alert the driver when he is talking or texting while driving.

This technique is currently in testing mode in an American organization. IoT sensors are used in this technique. Moreover, it collects data and uses it by understanding human behavior. That data is used for human safety to avoid the accident.