Harvard recently conducted a studyon 344 enterprises listed on the U.S exchange to measure the effects of digitization on business profits and growth. In the report it termed the organizations who embraced digital technologies sooner as ‘Digital Leaders’ and those who adopted it at later stages as ‘Digital Laggards’. Key observations from the study are mentioned below: -
This study clearly points out that digitization is a pre-requisite for any enterprise to stay ahead of the game. Unfortunately, the Indian infrastructure-asset industry is severely lagging behind on this front. As manual record keeping and operator led asset management are acting as termites to their profit margins and growth, they are losing out largely on digital opportunities. As per statistics, less than 1% digital technology is being used to manage an infra-asset during its complete lifecycle. This statistic explains the reason for irregular asset maintenance schedules, frequent asset breakdowns and heavy operational cost.
Why is Indian infra-asset industry’ not yet digitalized? What is stopping it from taking the faster route to progress? Here is the answer:
TappetBox, the leaders in helping your assets enjoy the merits of digitalization, is an infra-asset management solution built to suit the Indian asset environment. Developed after closely studying the challenges of infra-asset industry, it has been able to successfully join the missing links through its unconventional approach.
With our expansive features and comprehensive process flow, we bring together the asset owners, operators, vendors, buyers, sellers and customer care teams under one roof to efficiently digitalize every aspect of the asset lifecycle. The pool of information is then used to reduce expenses, create maintenance alerts, predict failures, prevent asset overhauls, improve inventory management, increase asset productivity, sharpen human capital management and enhance customer experience.
We strive to make asset operation a joyful experience for you and are committed to help you achieve the following:
Gear your assets for enhanced performance. Adopt digitalization.
Register for a free demo today!