Managing Risk with Digital Technologies
Cutting edge digital technologies have revolutionised the asset management industry. They offer in-depth capabilities that allow for greater risk analysis in order to reduce costs and completely change the decision-making process. The industry can now take on a proactive approach to managing properties, as well building inspections which enables processes to be measured and managed before they present as an insurance risk. Whether you have one property, or multiple properties to keep track of, these new technologies enable you to identify, measure, monitor and manage risk across all areas, which reduces the costs involved, increases efficiency and allows for in-depth decision-making processes to be utilised.
Kapcher’s New Technology
Here at Kapcher, we like to stay ahead of the game. We use the latest technology to capture accurate data that can be used in the decision-making process. With our knowledge, industry insight and technology available, we enable businesses to manage the risks associated asset management, allowing them to be measured and managed effectively before they present as an insurance risk.
Reducing Time & Money
Many businesses are still employing traditional methods of data collection, which are both high risk and expensive. Let’s take a look at example. You own a 15- storey building in a major city and need a comprehensive review of all areas for risk analysis. Traditional methods of data acquisition rely on employing contractors to go and physically examine the site. This is not only a huge health and safety issue, resulting in more time and energy spend managing the process, but it also lends itself to human error. If your properties are large in size, then often only a sample of data is collected, leaving the rest to educated guesswork. In the past, you had no choice but to mitigate the health and safety risks to your employees and contractors by only carrying out inspections in low frequency, or when a problem arose. This reactive approach to asset management lends itself to plenty of insurance risks that can cost your business a lot of money. With the adoption of new technology, you can carry our asset inspections at your choosing and gain much greater insights into your asset. You have the benefit of receiving all the information you need about your property, allowing you to make important decisions based on facts, not assumptions. We’ve done an article on architects using point clouds that you may be interested in.
Improve Efficiency and Decision-Making Processes
When it comes to asset management, being able to identify and manage any potential risks is a crucial aspect. These new technologies are paving the way for a complete overhaul on the current system. Instead of being able to grab a sampling of data from large properties and only carry out inspections on a minimal basis, businesses are now presented with a comprehensive view. By adopting these new technologies, problems are picked up much earlier. They can be noted and followed up again in the next six to 12 months to determine if something needs to be done, or whether it can be left for another six to 12 months. It takes many hands to make light work. In the case of asset management, many parties and contractors are involved in maintaining a property. Adopting new technology, in this space as well as new technology in building management, improves both the frequency of reporting and facilitates fast and better decision making. All data can be shared across all concerned parties in real- time, enabling important decisions to be made quickly, based on facts presented. Streamlining this essential service allows all potential risks to be measured and managed, without the fear of them turning into bigger issues over time. This allows for more accurate and detailed decision-making to be made in order to mitigate any risks before they present as an insurance issue.
How We Are Different
Here at Kapcher, we not only utilise the best technology possible, we also streamline the process and ensure you have access to the right technology for the job. From drones to helicopters, we not only have the right technology available, but we also offer specialised techniques that allow us to remove all risk. Our in- depth insights into the industry allow us to take on these painful processes to provide a hassle-free service. There is an immediate need to prioritise the leveraging of digital technologies in order to plan for, respond to and manage new risks. This has the potential to save time and money in the process and revolutionise the asset management industry.