By Vikas Wadhwa, COO, BCI In today’s fast-paced, data-driven world, businesses face increasing pressure to manage their assets more efficiently, enhance operational visibility, and optimise performance. Companies need robust solutions to stay competitive, whether machinery on a production floor, returnable transport items moving through a complex supply chain, or temperature-sensitive goods requiring strict environmental control. This is where Asset Intelligence Platforms come into play, revolutionising the way enterprises track, monitor, and manage their assets in real time.
The adoption of advanced technologies, like RFID, IoT, and AI-driven analytics, is enabling businesses to transition from traditional asset management to asset intelligence—a proactive, data-centric approach that goes beyond mere tracking to offer insights that drive efficiency, reduce costs, and improve decision-making. At the heart of this transformation is the ability to tap into real-time data and generate actionable insights, helping transform asset management from a cost-centre to a strategic advantage for enterprises. Historically, asset management has been a reactive process.
Maintenance schedules were rigid, inventory tracking was manual, and visibility into supply chains was limited. This often resulted in unnecessary downtime, misplaced assets, excess inventory, or worse—production delays and product losses. However, advancements in technology have paved the way for real-time monitoring,.