Issue: #6November 2011 

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QlikTech Ranks First In Customer Loyalty Among BI Giants In World's Largest Independent Survey of Business Intelligence Users 


QlikTech Takes Top Honors in Performance Satisfaction, Inclination to Purchase More Licenses, Bought for Features, Overall Competitiveness and Product Quality. 


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Asset Management is a Process Every Business Can Use to Save Money and Improve Productivity 


Part 2 of 4


Signs, Symptoms and Effects of Poor Asset Management

Poor asset management leads to poor data quality - and poor data quality can negatively affect the business over time. In fact, experience shows that there are a number of common causes that can lead to poor asset management, including lack of business controls for managing and/or updating asset data, lack of ownership for asset data quality, and an out-of-balance investment in people, process, data and technology. In addition, some businesses may not consider asset management to be a critical function, focusing on audits only, while others may not consider asset data to be an important component of the business's intellectual property.

The primary symptoms of poor asset management are also fairly ubiquitous, and may include anything from numerous compliance and security issues, to uncontrollable capital and/or expense budgets, excessive network downtime and poor performance, under- or over-utilized assets, incompatible software applications, increasing operational costs and headcount, and non-matching asset data derived from different organizations and/or business systems.

Moreover, poor ongoing asset management practices can impact a business by degrading customer service delivery, polluting the existing installed base of data and distracting sales resources with customer data issues  For example, Service Delivery may be impaired by inaccurate depot sparing creating customer entilement issues, increasing escalations to upper management and lowering customer satisfaction.  An uncertain installed base lengthens contract renewal cycle-time, limits revenue opportunities and inhibits technology refresh planning.

The result of poor asset management can ultimately be devastating to a business, often leading to one or more of the following negative impacts:
  • Increased Asset Total Cost of Ownership (TCO)
  • Decreased workforce productivity
  • Increased non-compliance issues
  • Decreased Customer Satisfaction
  • Lower Return-on-Investment (ROI) on capital investments
  • Decreased network/business performance
  • Increased number of internal and external audits
The causes of poor asset management can be many, the symptoms pervasive, and the results devastating. However, the good news is that there are specific solutions available that can help any organization avoid these pitfalls.


Next Month - Part 3 of 4 - The PETRO Asset Management Process


About Bardess Group 


We are an established team of senior professionals with significant experience and success in providing Data Quality, Asset Management, Business Intelligence, Process Design, Business Planning, and Information Technology Solutions to clients in a variety of industries. We focus on providing working solutions that balance process and systems solutions from the critical view of your organization's data assets.


Our senior consultants have 15-20 years of functional experience and are well versed in industry-specific applications and business processes. Our rates are well below the highly priced National and Big 4 type consulting partnerships and we employ only senior professionals with significant industry experience and credentials.


We are a QlikView Master Reseller Partner - National in US and Qonnect Consulting Partner that has years of experience implementing QlikView Business Intelligence systems in large corporate enterprises, across various industries and business functions.   


Our Specialties Include:

High Technology, Retail, Telecommunications and Networking, Pharmaceuticals-Healthcare-Life Sciences, Financial Services, Asset Management, Data Quality and Data Management, Business Intelligence


Contact Information:  


Joe DeSiena
Bardess Group Ltd.



When You Think Quality Data...Think Bardess.  


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QlikTech Ranks First in Customer Loyalty
VIDEO: Bardess Group Cleanses Dirty Data
Asset Management - Save Money, Improve Productivity - Part 2 of 4

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