CC2311

SOFTWAREfocus
COINS and their back-office processes.
True to its name, AssetTagz utilises 'tags'
- RFID, unique barcodes or QR codes for
every bit of equipment, component or
material used in a construction project,
linking them to the appropriate
application and processes. Personal
data, such as qualifications, employment
details and rates of pay are uploaded as
QR codes and scanned at the
commencement of each task, linking the
data to the task, the asset under
inspection, and any materials used.
AssetTagz has developed the links to
deliver a total solution covering all elements
of the asset management process, from
health & safety compliance to material
procurement and invoicing, and covers risk
management, crime prevention, costing,
waste reduction and other issues,
facilitating full transparency throughout.
'Tagging' using RIFD or QR activated
mobiles initiates bilateral communication
between contractors and employees and
their working processes.
To give a simple example, when running a
scheduled maintenance task, an employee
can establish the exact date and time it was
performed, what equipment and
maintenance supplies were used, with any
pertinent readings or results recorded and
uploaded to the project cloud. Asset
managers are immediately updated with
progress of the work of specific teams, or
on the overall state of asset management
throughout the building, using specifically
designed dashboards. The results can also
be archived and retained in the event of
litigation arising from any asset
management failures.
SECURITY AND COMPLIANCE
With every employee seamlessly linked to
the cloud the security of data is paramount.
AssetTagz prioritises the use of secure data
encryption and strict access control,
creating a secure environment for all asset
management needs and reducing the risk
of data breaches.
The sheer variety of taggable products
within the industry, covering simple
consumables to large mining and
construction equipment, makes demands
on any data gathering devices and
platforms, especially when asset
managers rely on them for compliance.
AssetTagz has addressed this by advising
clients on the options and suitability of the
tags they are using, ensuring that their use
is integrated within an overall asset
management strategy.
A major issue within the construction
industry is the growing incidence of missing,
stolen or broken assets. Using AssetTagz'
comprehensive asset tracking system,
contractors can optimise resource
allocation, avoid unnecessary purchases or
replacements and extend the life of assets
with optimised, planned preventative and
reactive maintenance activities.
INTEGRATION WITH ERP
Apart from the indisputable benefits of
seamless data flow between ERP systems,
back-office operations and frontline delivery,
eliminating needless and error-prone data
entry, AssetTagz also dispenses with the
vast amount of transaction paperwork
generated on site by creating chains of data
with auditable asset histories.
With accurate and up-to-date information
readily available, asset data can be
consolidated to provide asset managers
with a holistic overview, enabling them to
improve resource allocation and
compliance, reduce downtime and
enhance overall productivity.
AssetTagz now delivers its solution
worldwide, using its dispersed network of
experts to advise and configure solutions to
address asset management in construction,
mining, oil & gas, local government, and
security services.
LEO LION GROUP
There is another string to AssetTagz' bow.
The company is part of the Leo Lion Group,
the driving force behind the Leo Lion
Foundation (formerly the COINS
Foundation), set up by COINS founder
Larry Sulivan. The Foundation utilises the
profits of business to help disadvantaged
people worldwide, giving them a 'hand up'
instead of a 'handout'.
To date, over 150,000 people have
benefited from the charity. As a result of the
work carried out in Africa in the company's
early days, a large number of projects are
up and running, engaging in long-term
partnerships with carefully selected NGO's
and Charities where their values align with
the leadership. Organisations are supported
with funding and broad business acumen.
Leo Lion uses the same business acumen
to lead its own companies and social
enterprises whose equity and profits are
reinvested into social projects. Visit their
website, below, to see the projects they are
involved in, which seek to help change the
way the world thinks and acts on poverty,
disability and injustice.
Leo Lion has also initiated an innovative
start-up competition called 'The Future of
Capitalism', which will run across the next
five years, and which awards $5m of
investment each year. 'The Future of
Capitalism' aims to fund tech start-ups
that are passionate about making both a
commercial and a social impact. Exciting
opportunities await with influential
partners such as Barclays, Royal Bank of
Canada, The University of Texas and
Warwick University.
www.leolionfoundation.org/ourwork
www.futureofcapitalism.tech
www.assettagz.com
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