The startup offers an asset management platform that utilizes machine learning, artificial intelligence, the Internet of Things, and digital twins to optimize asset performance throughout their lifecycle. By automating predictive management models, the platform enables organizations to enhance forecasting accuracy and align operational processes with strategic business goals, facilitating efficient digital transformation.
Funding
$240K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many organizations struggle with the complexity of managing physical assets throughout their lifecycle, leading to increased costs, higher risks, and suboptimal performance. Existing systems often lack real-time visibility, making it difficult to proactively address issues and optimize asset utilization.
Solution
Asset Insider is a low-code asset management platform built on the Microsoft Power Platform that provides a comprehensive solution for managing physical assets from demand to disposal. The platform offers real-time visibility into asset condition and performance, enabling data-driven decisions to optimize asset performance, reduce downtime, and minimize risks. By leveraging digital twin technology, Asset Insider allows organizations to plan and execute maintenance strategies proactively, reducing maintenance costs and maximizing asset lifespan. The platform's low-code capabilities enable faster customization and seamless integration with existing systems like Supply Chain Management and CMMS.
Target Audience
Asset Insider targets asset-intensive organizations across various industries, including manufacturing, telecommunications, utilities, facility management, and logistics & transportation.
Features
- Real-time asset tracking and logging using QR codes and barcodes
- Preventive and predictive maintenance scheduling through work orders, Kanban boards, and maintenance plans
- Spare parts and consumables forecasting based on historical data
- Performance monitoring with customizable KPIs, analysis, and reporting
- Failure management with automated work order triggers
- Warranty and service management to maintain optimal asset condition
- Inventory checks and audits based on location and asset categories
- Disposal management with automated financial activities
- Embedded 3D models for understanding complex assets
- Integration with IoT devices through the Microsoft Azure IoT Hub
- Mobile app for iOS and Android to enable remote work
- Approval system for managing parallel and sequential approval chains