Perspectives

Geospatially enhanced asset management

Everything in its place

Asset management, at its core, requires cost-effectively putting the right assets in the hands of the right people at the right time and place. Geospatially enabled asset management uses the power of location not only to properly value and utilize assets, but also as an organizing principle which helps to bring together all aspects of their management in one framework. Through this method, Deloitte has an extensive and ever-growing track record of excellence in the fields of asset management and geospatial analytics with federal and commercial clients in a variety of industries.

How a geospatial perspective can enhance asset management

So where does geospatial data come from and how can it be used to enhance asset management? A geospatial perspective begins with accurate position coordinates (i.e. latitude and longitude) for physical objects. The object can be the asset itself, or something in its environment (e.g. road, flood zone, gas station, etc.). Coordinates can be derived from a number of locational criteria such as an address (called geocoding) or place name (called gazetteer). The most important value of recording these coordinates, however, comes not from the coordinates themselves, but from the development and analysis of useful geospatial models that tease out the geographic configuration of those objects.

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"By analyzing the relationship between the assets and their environments in a variety of ways, management can view their assets in a context not previously available."

Our approach to asset management

Deloitte’s approach to asset management is based on a framework designed to address asset accountability, auditability, and cost efficiency. It is a holistic framework that considers people, processes, and systems as well as the physical, financial, and system record aspects of assets. Implementation of this integrated framework can help organizations manage their assets throughout their useful lives, from acquisition through disposal.

Managing assets in this way can help organizations meet a number of objectives related to asset management:

  • Cost reduction 
  • Better budgeting and acquisition planning 
  • Improved accountability and compliance oversight 
  • Enhanced audit readiness 
  • Improved public trust 
  • Increased return on asset investments

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How we help our clients

Deloitte has an extensive and ever-growing track record in the fields of asset management and geospatial analytics. Experience with federal and commercial clients in a variety of industries has resulted in a strong and well-rounded foundation on which to continue to build. Past successes with clients have led to strong relationships, in part due to Deloitte’s dedication to providing transparency, confidence, and accountability throughout the asset management process.

Immigration and Customs Enforcement Agency (ICE)

After enhancing ICE asset records with geospatial information, Deloitte was able to perform a number of analyses on the data, providing ICE with a better understanding of the locations, distributions, and concentrations of its assets. Some examples of these analyses and their benefits are:

  • Improved inventory efficiency: Through analysis of geospatial data in relation to Property Custodians and field offices, Deloitte identified specific locations that are not meeting inventory procedural requirements. This work allowed ICE to target locations for remedial training and was directly linked to statistical inventory improvements the following year.
  • Communication and training: By comparing the locations of past targeted assistance visits with a map illustrating the density of ICE assets around the country, Deloitte identified high concentrations of valuable assets that had not been targeted for training visits in the past.
  • Enhanced fleet management: Deloitte performed a proximity analysis of which vehicles were within a specified range of fuel stations that sold alternative fuel. In addition, the team used geospatial data to identify ways to reduce ICE’s carbon footprint through vehicle realignment and the use of alternative fuels. Sites with increased fleet acquisition or disposal activity have been identified and analyzed in order to help forecast potential changes to the fleet in the coming years.
  • Emergency planning: An analysis of assets in the path on Hurricane Irene, along with replacement and emergency supplies nearest to the likely affected areas was performed. The analysis allowed managers to better plan for a possible emergency and improve response time.

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