Managing Real Estate and Land Leases and Projects in IBM TRIRIGA Cloud

IBM Interconnect 2017
When: March 19th – 23rd, 2017
Where: MGM Grand & Mandalay Bay
Las Vegas, Nevada

In our earlier post, we gave you a preview of Umpqua Bank’s IBM TRIRIGA SaaS implementation session at IBM InterConnect 2017. If that piqued your curiosity about ValuD’s expertise with all things Cloud, then our second customer session with Utah Department of Natural Resources’ SaaS Implementation will surely leave you asking for more.

The Utah Department of Natural Resources includes three agencies that own and manage lands – Forestry, Fire and State Lands, Parks and Recreation and Wildlife Resources. Though land management for all three agencies were for different purposes and statutes, there was a significant overlap in terms of project, process, and information management needs. The three divisions collaborated to establish a single, comprehensive land management system that would automate the management and tracking of all their business processes, maintain robust internal controls, audit trails, and provide a high level of geospatial information access. Utah DNR preferred a Commercial-off-The-Shelf (COTS) software with robust OOTB capabilities which could be leveraged for other DNR projects and initiatives in the future. Ease in configuration was a prerequisite for DNR since they preferred to support and modify the platform on their own in the future and programming was just not an option.

ValuD together with IBM and Sirius leveraged the OOTB capabilities of IBM TRIRIGA to create DNR’s first enterprise IT system. Cloud hosting proved economical and enabled faster deployment of the software.

Walk into Mandalay Bay North, Level 0 – Tradewinds D at IBM Interconnect, 2017 where Buck Ehler of Utah Division of Forestry, Fire and State Lands and ValuD’s Kirk Howcroft discuss the finer aspects of inter-agency partnering process and the benefits of the cloud for IBM TRIRIGA implementations. Mark your calendars for March 22, 2017 between 09.00 and 09.45 AM to join us and get the whole picture.

Umpqua Bank’s OOTB IWMS Implementation Story

IBM Interconnect 2017
When: March 19th – 23rd, 2017
Where: MGM Grand & Mandalay Bay
Las Vegas, Nevada

One of the biggest, most exciting events, IBM Interconnect 2017, is around the corner and ValuD cannot wait to showcase our TRIRIGA, Maximo and IoT expertise.

Cognitive and Cloud will be the buzzwords at IBM InterConnect and ValuD’s proficiency at on-premise, and Cloud implementations will be showcased by our customers in two sessions. Umpqua Bank is sharing their experience of working with ValuD on their IBM TRIRIGA SaaS implementation.

Umpqua Bank is the largest Oregon-based bank in US and has over 350 branches spread across the country. They were using multiple systems for managing real estate, facilities and lease portfolio-related activities which had increased the complexity of their real estate process. Replacing these legacy systems with a single, robust Real Estate and Facilities Management solution with Out-of-the-box functionalities could easily eliminate these redundancies and also improve efficiency. Umpqua, in particular, wanted capabilities such as advanced reporting and planning, streamlined rent and lease commitment scheduling and real estate financial metrics, in their Real Estate solution.

ValuD helped Umpqua streamline their real estate business processes by leveraging the Out-of-the-Box functionalities of IBM TRIRIGA IWMS. The implemented solution was not only comprehensive enough to meet Umpqua’s requirements but also proved to be highly cost-effective. Hosting TRIRIGA as a SaaS solution on the IBM SoftLayer environment reduced costs further, as it helped Umpqua eliminate their IT infrastructure.

Join us at Mandalay Bay North, Level 0 – Tradewinds D at IBM Interconnect 2017 and listen to Umpqua Bank’s Tony Bailey and ValuD’s Kirk Howcroft as they provide a detailed, behind the scenes walkthrough on how ValuD managed to bring this SaaS implementation project to fruition. Mark your calendars for March 21st between 4:45 to 5:30 PM to get the inside scoop.

Achieving Workplace efficiency with IBM TRIRIGA

A remote or virtual workforce is a reality in today’s workplace. Be it downsizing, relocation or mergers and acquisitions, organizations must adapt to support and manage an increasingly flexible, mobile and distributed workforce. An organization with an increasingly remote workforce for instance, would likely require lesser physical space. Factoring in the energy savings and sustainability, the cost savings that it can achieve could be considerable. Facility managers must deliver a progressive yet definitive solution including people, processes, technology and space to accommodate a productive working environment.

How can you optimize your facility?

  1. Identify the underutilized space in your facility – The first step is knowing actual space usage versus the actual space required. Under-utilization of physical space wastes energy and other resources.
  2. Manage your space! – Underutilized and poor-performing facilities offer major cost savings potential. Not only can you improve your current workflows to make better use of your shared resources (sharing of a conference room by a larger team instead of just a small team, for instance), but also optimize on the actual physical workspace required by your employees, which result in improved returns on your facility assets.
  3. Leverage flexibility – Relying on actual headcount of your employees in the physical office might not be enough in this flexible workplace era. You might need to monitor employee movement and occupancy in real-time, for instance, to identify operational demands and opportunities for new efficiencies.
  4. Initiate strategic facility planning – Adopting a strategic facility management program can help you better align your organization’s core business goals with occupancy and other similar needs of individual business units. You can analyze, rank and recommend best-fit facilities-planning scenarios and automate manual or time-consuming processes. Move requests can be accelerated to increase service efficiency and reduce costs.

How can IBM TRIRIGA help in Facilities Management?

Software applications like IBM TRIRIGA’s Workplace Performance Management system can help in alleviating most of the pain-points in Facilities Management and help you achieve facilities optimization. With a suite of analytical applications (Facilities Space Management, Strategic Facility Planning, Move Management and Workplace Reservation Management), IBM TRIRIGA will provide you with tools and insights to align, analyze and act immediately to achieve workplace performance efficiency.

Features

  1. Pre-built facility management analytics to identify vacant and underutilized spaces
  2. Pre-defined key workplace performance indicators to turn business plans into measurable objectives for the purpose of workplace performance evaluation.
  3. Ability to manage the operational data against performance goals and present real-time metrics on planned vs actual conditions and exception alerts.
  4. Comprehensive view of the total cost and performance of workplace management processes and resources across real estate, facilities, projects and operations.
  5. Aggregation and presentation of performance metrics based on individual roles and area of responsibilities.
  6. Aligned to industry standards like Building Owners and Managers Association (BOMA), International Facility Management Association (IFMA) and Open Standards Consortium for Real Estate (OSCRE)
  7. Historical data maintenance to assist future planning decisions.
  8. Visual and scenario-planning tools to assist in formulation of workplace strategies.
  9. Single, automated, centralized system for move requests, approvals, tracking, scheduling and service provider integration.
  10. Reservation system to increase the effectiveness of flexible workforce and minimize conflicts in common space usage.

By allowing you to centralize and integrate key facility management processes, optimize the space utilization and accelerate the configuration of your workplace, IBM TRIRIGA’s Workplace Performance Management system can help you achieve workplace performance efficiency. For more information on how IBM TRIRIGA can help with your organization, contact us at info@valudconsulting.com.

4 Future Trends in the EAM Arena

Enterprise Asset Management (EAM) applications have gained traction in recent years due to the growing need for continuous monitoring of assets within organizations. But what exactly does an EAM application do? Simply put, an EAM software helps managers get a holistic view of the company’s assets across departments, facilities, business units and even geographical locations. Such a complete view can help them to control and pro-actively optimize operations leading to increased efficiency and productivity.

As per an industry analysis report by future market insights, the worldwide enterprise asset management market is expected to register a Compounded Annual Growth Rate of 7.2% between 2016 and 2026. It’s important for asset managers to know the drivers for this growth and be well aware of the trends that affect the EAM market.  Below are four trends that industry leaders believe may already be impacting the industry.

1. Mobility
Be it in plant equipment maintenance, compliance enforcement or managing your field workers, a mobile application helps carry out important daily tasks, saving both time and resources. For instance, if you equip your maintenance personnel with a mobile EAM application, they can input the equipment inspection data directly into their mobile devices. This will help eliminate manual data entry and reduce data collection errors. Similarly, a mobile application dramatically improves the work order initiation process (since you need not physically be at a workstation) resulting in both time and cost savings.

2. Cloud
Scalability, agile project management, better disaster recovery planning, increased network security, lower Total Cost of Ownership, flexibility – the advantages of cloud hosting are endless. It should come as no surprise that the cloud is the preferred software delivery model for almost all business applications across the enterprise, including asset management. Future market insights have stated that the market for Cloud-based Solution segment for EAM applications was valued at US$ 443.8 million in 2015 and predicts it to reach US$ 488.8 million by the end of 2016.

3. Predictive analytics
Managing and mitigating risk forms the core of asset management. Identification, quantification and prioritization of the identified risk, transforms an organization’s asset management approach from reactive to predictive.  An EAM software should typically offer both preventive maintenance (periodic/scheduled asset maintenance) and Reliability Centered Maintenance (RCM) capabilities. Under RCM, the system analyzes the critical failure mode of assets for determination of optimum maintenance policy thus reducing the severity of (and sometimes elimination of) asset failure. Predictive Maintenance not only helps improve field crew utilization but also helps improve customer satisfaction by avoiding unexpected outages. Predictive Asset Analytics enables proactive addressal of potential safety risks and compliance issues by collating and analyzing both historical and current data from multiple sources to build accurate, testable predictive models. Use these models to generate predictions and risk scores to gain a better understanding of the implications of events allowing you to take necessary action.

4. Internet of Things
Asset Management is one of the prime areas in which Internet of Things (IoT) has the maximum utility. With IoT making it possible for machines to interact with each other without the need for human intervention, processes like preventative maintenance and RCM become much more streamlined and simple. Organizations also benefit by this granular level exchange of data as this knowledge enables them to make better decisions to improve efficiency and cut costs. When combined with the intelligence provided by an IoT application, EAM solutions facilitate identification of performance non-conformities, repair vs. replacement opportunities, potential process control modifications and also provide demand and market intelligence.

When it comes to choosing an EAM solution for your organization, scalability and flexibility are some of the most important criteria to look out for in the product as it has become crucial for applications to be able to keep up with the market’s ever-changing technologies. IBM Maximo is one of the most comprehensive EAM applications available in the market today. With features as varied as SaaS capabilities, advanced reporting and ease in integration with other systems, Maximo will meet your asset management needs.  To find out how to get the most out of your IBM technology, contact ValuD today at info@valudconsulting.com.