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Equipment Management

The Future Of Equipment Management And Industry Trends To Watch

By Dr. Alex Wong
July 28, 2023 • 3 min read
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The Future Of Equipment Management And Industry Trends To Watch
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When you run a business you need to know that you can take good care of it. One of the easiest ways to do this is to take control of your assets. Using the right office equipment management software can make life so much easier. Incredibly, there are still a lot of businesses that are not managing their equipment properly, if at all. The good news is that such businesses seem to be growing few and far between. 

The latest office equipment management software and indeed any equipment management software for any industry no doubt works well. It has a lot to offer and as we have already seen, can make life easier. But what is going to happen in the future? What equipment management trends and indeed industry trends do we need to watch out for? 

Let’s take a look at some of the trends now.

Prolonging Asset Life

It’s highly likely that asset life will be prolonged. These days, we are more concerned about throwing away equipment that we no longer need to use. With a desperate need to improve how we treat the environment, equipment may last much longer. Predictive maintenance could help with this side of office equipment management. Additionally, being able to purchase spare parts with ease can help to prolong asset life. This is a trend that seems to have increasing priority.
Business Asset Tracking

Boosting Inventory Tracking

When you boost inventory tracking, you know where everything is, all of the time. You also know who has your equipment and why. A direct result of this is that less of your inventory is likely to go missing. It also means that you can have even deeper knowledge about your equipment. This may be thanks to AI and machine learning or simply better office equipment management software availability.

Managing Maintenance Remotely

More and more people work from home. In addition to this, more people work in an office that is not perhaps in the same city or country as the associated warehouse. The pandemic is likely to have had a large impact on this, however, remote work is still very popular. This is likely to be due to the fact that remote work can be less expensive than other types of work. In any case, the trend may continue long into the future. 

One future office equipment management trend is likely to be related to remote maintenance management. In other words, managing the status of your equipment from elsewhere. This is something that will need to be effective in order to be successful. However, the right tools and the right software now exist to make this possible.

Increasing Safety

By using predictive maintenance, the safety of equipment, tools, computers, fleets of vehicles, and even buildings can be improved. Health and safety laws are likely to become even more stringent, resulting in a safer workplace for all. With the ability to identify potential hazards and other issues, predictive maintenance could further increase safety in the workplace. This is something that everyone wants, regardless of what type of business they’re in.

Reducing Downtime

If you want to make the most out of office equipment management software, you could use it to reduce downtime. Future trend information suggests that reducing downtime will be of major importance. 

With the use of predictive maintenance, consistently good performance could boost efficiency in all areas and reduce downtime. What this means is that many important targets could be met and exceeded. Additionally, increased efficiency ensures that customers remain happy. Reducing downtime is, therefore, a future trend that almost every business should consider.

AI And Machine Learning

It is very likely that AI and machine learning will keep evolving. This continuous evolution may allow for better insights into how your equipment is performing. It may also create reliable predictions which could show you when some equipment is likely to break down. AI and machine learning are already something of a trend in many industries around the globe. However, this trend may continue as technology develops and becomes better at predicting future outcomes. 

There are many future trends that we all need to keep an eye on. Many of these trends already exist, but they haven’t completely developed into something magnificent. There are also likely to be trends that we have no knowledge of yet. As machine learning and AI continues to develop, new and exciting trends that we can only dream of may come to fruition. The best thing for all industry leaders and business owners can do right now is to keep an eye out for such trends. When we do, future trends may catch our attention and allow us to understand our equipment in better ways. This can only be a good thing.

 

Wish to chat with an expert about office equipment management and trends? Contact us now at team@itemit.com.

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Dr. Alex Wong

Article by

Dr. Alex Wong

Dr. Alex Wong is the CEO & Co-Founder of RedBite Solutions, a spin-out from the University of Cambridge and creators of itemit.For more than 2 decades, Alex’s innovations have disrupted industries and reimagined traditional solutions, delivering breakthrough results.A pioneer of the RFID EPC Network and IoT, Alex has shaped modern tracking technologies. RedBite powers the world’s largest RFID deployment across 60+ countries and launched itemit, a leading barcode, QR code, GPS & RFID SaaS tracking platform. Dr. Wong holds a PhD in Engineering from Cambridge and remains an embedded researcher, leading EU & Innovate UK projects to bridge research with real-world applications.

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