Companies can reduce costs by improving asset management

Streamlining and automating companies' operations management processes with maintenance teams is the aim of a new service from Nextbitt. In an interview with "Vida Económica", Miguel Salgueiro explains that S.A.M. uses algorithms from Microsoft and artificial intelligence from Open AI, which is the entity responsible for ChatGPT. The software provided by Nextbitt interacts with the user by asking them questions so that it is possible to characterize the issues linked to organizations' physical assets and handle all the records 100% automatically and transparently. For Miguel Salgueiro, sensor technology to measure consumption, equipment operation and more has been rapidly reducing costs.

Vida Económica - What are the main objectives of the S.A.M. developed by Nextbitt?

Miguel Salgueiro - All companies face the same challenge - to make their resources more profitable, whether it's the equipment, the teams that manage it or the professionals who use it on a daily basis. The Nextbitt platform aims to respond to this challenge. S.A.M. is a solution integrated into this platform and its main objective is to take the way companies and their employees deal with the global management of physical assets to a new level of quality. Taking advantage of the most advanced artificial intelligence and machine learning technologies, as well as features such as speech recognition and cognitive search, the Smart Asset Management - S.A.M. - solution makes it possible to streamline and automate companies' operation management processes with their respective maintenance teams.

VE - What differences and innovations does it present compared to other alternative solutions?

MS - Through Teams, Whatsapp, Telegram, etc., you can place orders without having to access Nextbitt technology directly!
S.A.M. is a Software as a Service solution and uses cognitive algorithms from Microsoft and artificial intelligence from Open AI, which is the entity responsible for ChatGPT. In this sense, it is a pioneering solution in this sector, and will simplify and optimize the management of organizations' physical assets, be they air conditioning, lighting, elevators, printers, industrial equipment, etc. The list is long and depends on the type of company involved.
The solution makes it possible to identify the organization's type of business, i.e. whether it is a banking institution, an industrial unit or an entity from another sector. Based on this identification, a user from an organization that has already implemented the solution can inform S.A.M. about a fault in their facilities or equipment, from the air conditioning not being cold, to the hydraulic press producing faulty parts or even a sudden increase in energy consumption at a certain time of day.
S.A.M. will interact with the user by asking questions so that it is possible to characterize the situation and handle all the records 100% automatically and transparently.

VE - Which companies is this service aimed at?

MS - This solution is part of the Nextbitt platform, which aims to manage and optimize the use of physical assets in organizations. The solution is aimed at medium and large companies with large and complex facilities that want to achieve maximum efficiency in the management of their assets, either by getting the most out of them, which also includes managing their state of readiness in periods of low use, or by boosting their operational period. This includes monitoring, via sensors, the consumption of each piece of equipment and its operating status, optimizing maintenance cycles. Efficiency gains and cost savings are thus easier to measure, an essential aspect at a time when reducing emissions and optimizing energy costs are at the top of managers' priority lists. Similarly, when sustainability is on the agenda, the Nextbitt platform makes it possible to extract the essential information to monitor the evolution of resource use and incorporate this information into the respective reports.

VE - How much investment can it involve?

MS - Being a Software-as-a-Service solution, the solution has great flexibility in the total cost of the investment made. The investment will also depend on the level of integration desired and the existing technological infrastructure.

VE - Can smaller companies also benefit from the development of new aspects of IT?

MS - The premise of technology is always that its dissemination is accompanied by a gradual reduction in the associated costs. As an example, sensor technology for equipment and so on has been rapidly reducing in cost. Mobility is now a given, but we don't have to go back very far to remember how expensive and unreliable cell phones were compared to what we have today. All these technologies, and now augmented reality too, are an essential complement to solutions such as Nextbitt, allowing us to bring greater proximity, efficiency and sophistication to the services we offer our clients.

Source: Vida Económica
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