How are asset management systems evolving in 2023?

Here's what you need to know about the ongoing evolution of asset management systems

Asset management is hardly a recent phenomenon. For as long as businesses have been around, owners, managers and staff have been looking for ways to track, monitor and manage assets. Assets are the lifeblood of any organization. Without them, well, there isn’t a business. We’ve come a long way since the trusty pen and paper approach; and while there’s nothing wrong with scribbling down stock inventory on a pad, it’s hardly the most reliable of processes. Key management is one area of asset control where we’ve seen huge technological advancements in recent times. From leaving keys in a drawer with a note attached to them, to securing dozens of sets in electronic steel cabinets with hi-tech tracking capabilities; the options available in 2023 are truly game-changing. 

5 ways asset management systems are evolving in 2023 

1. Smartphone support
   Smartphones aren’t just for uploading photos to Instagram, they can be a vital weapon in your asset tracking arsenal. KEYper GO gives you the ability to manage your businesses’ keys from quite literally anywhere. All the tools needed by KEYper system users and administrators can be downloaded straight to your smartphone, meaning you, or members of your staff, will no longer need to return to a cabinet to find out if a key or dealer plate is available.
2. Advanced intruder deterrence solutions
   Surveillance camera systems are an excellent way of protecting assets within a business – but how many times have you seen them produce images so grainy you wouldn’t be able to recognise your best friend. KEYper has partnered with iDter in offering MX customers its total intrusion deterrence and monitoring solution, Niō.  The security camera is able to activate an array or deterrence features such as flood lights and piercing sirens, while the 4k wide-angle camera with night vision captures high-definition stills and videos.
3. Instant text/email notifications
   KEYper understands the need for some business owners, and managers, to have their finger constantly on the pulse when it comes to asset management. That’s why we’re always updating our software to ensure our systems not only meet the latest security standards, but also keep you informed to whatever level you wish. Through KEYper GO, you can receive instant notifications on important system activity, while our iDter Security Camera offers instant notification, visibility and control through the iDer mobile apps.
4. GPS innovation 
   It goes without saying that the automotive industry relies heavily on vehicle tracking. Telematics, GPS navigation, and fleet management software have all transformed how organizations manage their fleets. GPS tracking technology continues to evolve at a rapid pace, with reduced time lags, improved efficiency, and enhanced safety and security.
5. Smarter analytics
   Asset management system technology will continue to benefit from advancements in automation. This may be through AI-powered analytics providing a deeper understanding of workflow efficiencies, and/or improved integration with other business systems across the organization. 

How can you make the most out of evolving asset management systems? 

Keeping up with technology is vital if you want your business to move forwards. Take the automotive industry; consumer behavior is driven by evolving technology. Buyers want cars that embrace innovation from lane keep assist and automatic parking to smartphone integration and advanced navigation. Why then wouldn’t dealership owners want the same for their business? Advancements in technology bring enhanced safety and security, reduced costs, increased efficiency, all while improving the customer experience.

At KEYper, we see this day in, day out when installing our systems. Controlling who has access to your keys, along with your customers’ keys, is sensible asset management. But with the added features our Electronic Cabinets boast, secure storage is only one of the benefits. The integrated touchscreen offers fast and intuitive access to authorized users only, while  our remote administration software provides a suite of management tools for controlling item access, monitoring system activity, running detailed reports, and much more. Tracking and streamlining processes in this way will promote accountability and responsibility among staff, and improve workflow efficiency throughout the organization. 

Stay ahead of the curve

If you’re standing still, you’re falling behind. Gaining a competitive edge in a fast-paced and ever-changing business environment is critical if you are to stay ahead of the curve. KEYper System’s innovative key and asset management solutions help organizations just to do. If you want to find out more, speak to a member of our team today.