Tag: Asset Management

automate 2024 Blog

Micor Analytics at Automate 2024

Micor attended the AUTOMATE 2024 trade show at McCormick Place in Chicago. It’s a significant event in the field of automation and robotics, showcasing the latest technologies across various industries including manufacturing, logistics, medical, agriculture, construction and more.  The 2024 show’s 25% increase in attendance indicated how important this technology is becoming to many segments of the economy.

AUTOMATE is just one of the many on-site and virtual trade shows Micor regularly attends. This keeps our knowledge base robust and timely, providing clear, concise, and actionable information our clients can use to manage their portfolios, business, and plan for growth.

Read More: Computer appraisals must change! Learn how Micor Analytics works to ensure a fair market appraisal of computer hardware from top to bottom.

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Residual Value – Why Computer appraisal must change.

Micor Computer Appraisal, Computer Residual Value
General Purpose Computer Equipment: fading from the future.

Its time to makeover long standing computer residual value assumptions. Technology and Economic forces are now pushing computing away from being general purpose, with a broad technical applicability, toward specialization silos. Micor Analytics regular review of advance technology assets, turned up a recent article in the publication, Communications of the ACM, that points out the growing decline of general-purpose processors while higher cost, specialized processors carve up market share.

Computer lease residual value will be more complicated.

Micor equipment appraisals for computers no longer assume that computers all use the same large class of processors and come with a broad user base.  The economics of processors has changed dramatically, pushing computing into specialized domains that are largely distinctive and offer little crossover benefits in their manufacture or end user applications.  Professionals who fail to closely follow this evolving industry change may find their projected residual value wildly off.

Computer appraisal must adjust to industry mapping a new direction

Hardware platforms in all major computer segments (from PCs to IOT) now incorporate processors that have much smaller markets and higher per-chip manufacturing costs.  This new order fragments computing into a set of “loosely-related silos that advance at different rates”.  It is a shift acknowledged and endorsed by trade and industry planning groups. Micor computer appraisal work incorporates our modeling for residual value that identifies and quantifies this new order in useful life, obsolescence, and secondary market appeal.

Reliable Computer Residual Value and Appraisal

Financing, tax reporting, and corporate fixed asset accounting can no long rely on legacy assumptions. Computing assets may be hiding obsolescence that needs to be considered in your work. In order to maintain best practice management practices like ITIL or FASB account standards you'll need to consider these industry changes Contact Micor Analytics for computer appraisal and residual value supported with today’s technology intelligence.

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Decision-making with Bad Data

A recent short article called "DATA GARBAGE IN", the Harvard Business Review  exposed just how surprisingly bad the data  we rely on for analytics is.

Seventy-five managers were tasked with evaluating 100 records that they has used to make a past analysis. The retrospective found found only 3% of the record data acceptable and 47% unusable.   Their conclusion was predictable.   There are high cost consequences using bad data and the extra effort to assure good data would pay off quickly.

Good data isn't cheap! It's not fast or easy to build.   But once in place and maintained,   it creates a reliable foundation that easy to expand and empowers managers to confidently conduct analysis and make supportable decisions.

Over the course of our 30 years in business, we have found critical issues in data records in many different institutions and enterprises. Once data records are "cleaned," the company experiences both short and long term payoffs, which further elevate the enterprise. After implementing our services, we have seen companies improve in several facets leading to more efficient decision making and a happier customer base.

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An Asset Management System with the ‘Right Stuff’

Press Release Auf 2018 v2

Micor Analytics finished the inventory, tagging, and data collection portion of the a multi-site graphics and data production facility for an enterprise wide, asset management system soon to be deployed.  The assets included advanced technology, enterprise computing, and production process assets, as well as office furniture and fixtures.

Assets were tagged with Micor's proprietary QuickScan™ tags [a 3-part, low profile tag system that provides redundant asset IDs on the item and can fit on asset surfaces as small as 3/8" x 3/8"]. The tags can be scanned with a variety of systems and scanners, including smartphone apps.

The data collected provides relationship and logistics information.  It allows the asset management software to track all the components and options that comprise a system (such as a data backup tape systems with multiple LTO tape drives and multiple chassis). Also, it provides logistic tracking detail down to equipment rack elevations and which assets sit on which desk in a room.

The tags and data associated with them allow for easy auditing, with little disruption to risk to workflow or operations. Also, it provides maintenance and support departments with reliable identification of assets and where to find them for transfer, replacement, or repair.