- Free Version: Available for teams of up to 10
- Pricing: Premium plan $24/month (with a free 30-day trial period)
- Platforms supported: Available on mobile app (iOS and Android) or a web-based software
Why use SafetyCulture?
An award-winning enterprise-grade digital platform, SafetyCulture stands out as a premier asset analytics as it swiftly delivers insights about the company’s asset performance and utilization throughout its entire lifecycle. Asset managers, maintenance teams, and finance departments trust this software solution, not just because it helps them make better decisions. It also enables them to collaborate in real-time through centralized communication and accomplish asset-related workflows on the go, even without or with little connectivity.
Features:
- Efficiently manage assets throughout their lifecycle by organizing information (e.g., equipment specifications, maintenance history, and inspection schedule) into a centralized database.
- Monitor all company-owned assets in real time using GPS-powered asset trackers and acquire site-specific data to facilitate proactive decision-making.
- Enhance operational efficiency by alerting stakeholders about potential problems, streamlining response procedures, mitigating serious risks, and reducing downtimes.
- Implement improvements to enhance asset reliability, productivity, and cost-effectiveness using comprehensive reports and data on performance trends and inspection results.
- Gain a unified and consistent view of information and eliminate silos by integrating the company’s asset data and other systems into the platform.
Why use Fishbowl?
A leading inventory management solution, Fishbowl is the perfect tool to track assets and optimize usage. Its built-in analytics function provides detailed reports and offers insights that aid managers across departments in forecasting and making better decisions. Fishbowl has also received positive reviews for top-notch customer service.
Features:
- Real-time, On-the-Go, and Off-Site Inventory
- Automated Manufacturing Processes
- Traceability Across Sites
- Free Version: None
- Pricing: Starts at $329 per month (demo also available upon request)
- Platforms supported: Web, On-Premise, iOS, Android
Why use InvGate Insight?
Headquartered in Argentina, InvGate Insight is an asset management platform that assists ITIL-based services and software license managers in handling their digital solutions and related assets. Many, especially its current users, laud its ease of use, flexibility, and scalability. Small to medium-sized businesses prefer this because of their modular offerings, enabling them to choose what they need now and what to acquire in the future.
Features:
- Centralized Asset Management Hub
- Asset Health Monitoring
- Automated and Unattended Inventory
- Free Version: None
- Pricing: Starter plan costs $0.21 per node per month for 500 nodes (with a free 30-day trial)
- Platforms supported: Web, On-Premise, iOS, Android
Why use ManagerPlus?
Primarily a maintenance management platform, ManagerPlus has been providing top-notch digital tools to manufacturing companies, fleet owners, and inventory managers since 1992. Their robust analytics enable businesses to create and schedule asset-related activities and track work progress, reducing downtimes and extending asset lifespan.
Features:
- Asset Tracking
- Preventive Maintenance and Repair
- Resource Planning
- Free Version: None
- Pricing: Contact the ManagerPlus sales team for more information (demo provided upon request).
- Platforms supported: Web, iOS, Android
Why use Ingenium?
A cloud-based solution under TIP, Ingenium is specifically designed for managing the company’s physical equipment, machinery, and vehicles, among others. Aside from its all-inclusive suite of tracking and monitoring features, its report generation and built-in analytics assist in compliance tasks and cost monitoring.
Features:
- Asset Tracking with Automatic Check-In and Out
- History and Audit Trail
- Depreciation Module
- Free Version: None
- Pricing: Customized quote provided upon registration (demo may also be requested)
- Platforms supported: Web, iOS, Android
Why use VIZOR?
Developed by Vector Networks, VIZOR’s asset management and compliance solution has been helping companies locate and monitor digital resources and tools since 1992. Numerous Fortune 500 companies prefer this cloud-based platform because of its customizable workflows, role-based access control, and advanced reporting capabilities.
Features:
- Centralized Asset Management
- Barcode Check-Out and Audit
- Automated Asset Notifications
- Free Version: None
- Pricing: Customized quote may be checked on VIZOR’s price calculator (product walkthrough may be scheduled)
- Platforms supported: Web, On-Premise
What is Asset Analytics Software?
Asset analytics software is a digital tool that helps companies manage their assets by providing insights into their performance, utilization, maintenance, and overall lifecycle. Assets could range from industrial machinery and fleet vehicles to digital resources such as software licenses and intellectual property. The data helps companies make better decisions that impact their operations and overall productivity.
Benefits
Industries that rely heavily on assets for their daily operations, such as construction, transportation, utilities, and healthcare, need reliable enterprise-grade systems that will help them prevent operational, financial, and safety complications caused by equipment failure. With advanced techniques like real-time anomaly detection and predictive modeling, asset analytics can deliver the following:
- Optimized Asset Performance – Underutilization represents wasted resources. Aside from advanced analytics, asset management systems have features that help the operations team optimize production schedules, track usage across sites, and improve resource allocation for smooth sailing operations.
- Proactive Maintenance – When companies ignore seemingly inconsequential defects or slightly inaccurate calibration, the situation can worsen unexpectedly, resulting in complete equipment failures. The software’s real-time monitoring capabilities help relevant personnel identify emerging issues and schedule preventive maintenance tasks that cut down expensive repairs, reduce downtimes, and eradicate associated costs due to possible injuries.
- Improved Asset Lifecycle Management – Extending the lifespan of any asset is a considerable goal for many companies to sustain operations and save on costs. By properly tagging equipment, vehicles, and digital tools, managers can track depreciation, calculate costs from acquisition to disposal, and effectively strategize replacement.
Key Features
Comprehensive asset management platforms are designed to have numerous modules for location tracking, resource scheduling, and performance monitoring, among others. Those would be better options than stand-alone solutions, especially for large enterprises. Companies that require only analytics, for whatever reason, should look for these essentials:
- Asset Portfolios in Centralized Dashboards
- Parts Inventory Management
- Real-time Asset Monitoring
- Analytics Dashboard with Data Visualization
- Predictive Maintenance Capabilities
- Asset Lifecycle Management
- Alerts and Notifications
- Incident Management
- Customizable Reporting
- Compliance Tracking
- Integration with IoT Sensors and Devices
- Data Security with User Role Management
- Mobile Accessibility with Offline Capabilities
Choosing the Right Asset Analytics Software
Every single software solution included in the list can help companies across sectors make sense of their asset data and be more proactive in managing related workflows. Before making your final selection, take another look at your options in this summary:
| Asset Analytics Software | Free Version | Paid Plan | Mobile App |
| SafetyCulture | Yes | $24/user/month* | Yes |
| UpKeep | No | $20/user/month | Yes |
| Fishbowl | No | $329/month | Yes |
| InvGate Insight | No | $0.21/node/month | Yes |
| ManagerPlus | No | Contact for pricing | Yes |
| Ingenium | No | Custom quote | Yes |
| VIZOR | No | Custom quote | No |
* billed annually
Eunice Arcilla Caburao