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RFID based Solution for Asset Life Cycle Management
How do you make asset procurement decisions? Do you have a complete list of your hardware and software inventory? Where are they located and who is using it? How much do they cost you? Is all the software installed in your network are all approved ones? Are there any changes to the system after assigning to a user? Are the systems in your environments are protected safely against the viruses and other security threats? Most importantly are your assets used effectively?

Organizations are realizing significant cost savings and improved planning capabilities through integration of the entire asset lifecycle. Strong IT asset lifecycle management practice is the key to the organizations ROI on IT assets. It helps the organization to have a realistic view of the IT asset allocation, utilization and thus providing critical data to make well-informed business decisions about the future procurements.

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Benefits
   Automatic discovery of Hardware and Software in the network.
   Ability to add non IP assets manually and ability track them through out its life cycle with integration with Service desk.
   Tools to mass import non-IP assets from spreadsheet.
   Tools to seamlessly transition from current Asset Management System.
   Add and track assets like thumb drive, head phone, etc.
  
 
Performing audits on asset and inventory management to validate the accuracy of the data collected by system or offer this as a separate practice/service.
   Grouping of resources as per convenience using Logical View.
   Readily incorporate this information and also your asset utilization into your budgeting and planning process.
   Manage the life cycle of the asset from the procurement all the way to scrapping it from your setup. Control as to who uses the asset and
in which location.
   Manage the financial information of the procured asset.
   Detailed MIS reports on the current state of the asset and also the valuable historical data.
   Automating compliance documentation — reducing the time spent recording activities as a result of legal requirements or internal quality
  procedures.
   Get to know what software gets installed and also stay in control of your software license management and also enforcement of your IT
  policies.
   The agent less architecture design collects data from the heterogeneous network, thus helps you to leverage on a single repository of
  inventory data about all your IT assets.

How it Works?
RFID technology consists of two basic components: a tag (or “transponder”) that is affixed to the asset being monitored, and a reader (an antenna and transceiver). When the reader transmits a signal in a specific radio frequency, the tag is activated and sends the data back to the reader. The reader passes information to the control system, but also can write information back to the tag.

RFID tags are described as “passive” or “active.” A passive tag is one that does not contain a battery; the power is supplied by the reader. When the reader transmits a signal, the tag’s built-in coiled antenna forms a magnetic field. The tag draws power from the field, energizing its circuits and enabling it to send the information encoded in its memory. An active tag is equipped with a battery that can be used as a partial or complete source of power for the tag’s circuitry and antenna. Some active tags are sealed units, while others contain replaceable batteries, thus extending the tag’s useful life.

Advantages
High memory tagging solutions increase the effectiveness of organizations in leveraging their assets by ensuring that necessary information is always available, and this typically delivers significant value in the following areas.

 Optimizing the management of lifed parts and periodic maintenance— studies show that lifed parts are often taken out of survive with 15% of their economic life remaining and that periodic maintenance is often overlooked because of the poor availability of information.

 Increasing time spent on value adding tasks — instant, automated access to key information at an asset greatly reduces the time spent searching for information (and then documenting work done), and the increased quality of information can greatly reduce the occurrences of conditions like "no fault found" or recurring problems.

 Improving operational risk management — for example by providing on-site indication that maintenance of critical assets has been performed and reducing liabilities by providing a verifiable audit TRAI.

 Increasing asset value by providing pedigree information — reducing the time taken to document configuration for events such as initial delivery and off-lease return, and providing an accurate pedigree of proper maintenance that can maximize both the expected life and residual value of assets.