This is the year to sweat your assets to build your business

South African industry may well be struggling in the current economic climate, but the time of low growth is the perfect opportunity to focus on ways of identifying how to sweat existing assets and get maximum return on investment, rather than risking greater stress on the company’s bottom line by buying new assets.

While there’s much hype about the fourth industrial revolution, truly successful use of technology doesn’t necessarily imply that everything in a business needs to be automated, computerised or handed over to artificial intelligence and machine learning. While there may well be a place to include new technology in a manufacturing or production process, achieving the best potential from current equipment may be as simple as getting everything to work better together.

BIM can also be used in more expansive environments, such as public services and infrastructure, to allow for maintenance that makes continued service delivery possible.

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