IFS Japan Co., Ltd. (IFS) and PwC Consulting LLC announced that they will begin collaborating to optimize investments and improve asset management for companies that own facilities, including energy industries such as electricity, gas, and oil. The two companies explained that the environment surrounding asset management in Japan is becoming more complex and uncertain. The factors behind this include an increase in aging facilities, a decrease in the working population, the loss of skills and knowledge due to the retirement of skilled workers, and the need to carefully select facilities investment destinations due to intensifying market competition, and they said that in this environment, it has become necessary to effectively and efficiently maintain the safety and stability of facilities. In the past, facilities management has been carried out by specific skilled workers who use their experience to determine risks and timing of failures and carefully examine the necessary maintenance, but they pointed out that the accuracy of this is being lost due to the loss of skills and knowledge due to retirement.
In addition, since mid- to long-term capital investment plans require manual collection and analysis of information, it takes a lot of time to reach a decision. Furthermore, it is necessary to reflect environmental changes, the operation status of owned equipment, and demand conditions in capital investment plans, but the environment is becoming more complex and doing so based on experience and intuition is reaching its limits. In light of this situation, it is important to practice data-driven investment decisions in the future, along with advanced asset management such as equipment condition diagnosis and predictive analysis. These need to be achieved throughout the entire company, not independently by each department or business area, and in order to do so, data integration including external information and business transformation are required. IFS provides Copperleaf solutions that optimize mid- to long-term investment plans such as new equipment construction and repairs, and contributes to equipment risk and cost analysis, as well as data-based investment decision-making.
The company has begun to see adoption not only globally but also domestically, and is attracting attention as a way to achieve advanced equipment management. PwC Consulting supports clients in achieving resilient and sustainable growth and strengthening competitiveness in the face of dramatic changes in the external environment. In order to smoothly respond to environmental changes and apply the system, the company will provide comprehensive support, from strategy formulation related to capital investment and asset management, to system implementation such as EAM, business transformation and business establishment after transformation, human resource development and change management. By combining the strengths of both companies through collaboration and providing the relevant measures as one, the company aims to realize transformation in the form of overall optimization of corporate investment and facility management.
SOURCE: Yahoo
