Relying only on your gut feeling might be very dangerous.
In the uncertainty of the current business climate it is dangerous to rely on business-as-usual conditions. An analytical approach to recurring problems is needed to identify the root cause of underlying problems. Good data and good analyses prepared by top experts or regular users will prevent many unexpected surprises.
Technical departments can rely on an integrated Asset Management Analytical Solution that reflects the entire life cycle of each asset and does not have to look through multiple systems and spreadsheets to find the right data.
All the data are brought together in one system to evaluate the condition or impact of all assets. This makes it easy to track trends in availability and quality. It is now possible to take informed decisions about replacement or modified or preventive maintenance.
Moreover, technical departments can gain insight into any financial impact of their decisions. In this way the use of all assets is considered from both a technical and a financial point of view. Thus the whole life cycle of all assets can be optimised.
As a result, technical departments become more familiar with financial concepts and hence cooperation with financial departments will become easier.