In the conventional and dynamic changing market space today, it has been a
tough engagement for the organizations like finance and microfinance institutions like banks
especially in extending support or increasing their business spaces.
This situation has been well addressed and solved with the intervention of Geo AMS
(Geotagging Asset Monitoring System) using GIS technology and behavioural analysis pattern.
This specialised model works on the spatial analysis algorithm that is used for calculation of the
risk in an area (wrt. crime) and allotment of beat policing in developed nations. Geo AMS works
on an android based mobile application supported by geolocation (latitude, longitude) and rank
the clusters ( regions) from period to period.
Geotagging is a program encoding the photograph of the asset using latitude and longitude to map it on a geographical information system. Besides helping us to locate, geotagging also monitors the location and helps in checking the asset credentials using field applications ( tab based applications).
AMS establishment is not complete with one time, it is a
continuous job to monitor the asset from time to time. The utilization of the asset and the other
essential requirements wrt renewal or maintenance can be only monitored if the location of the
asset is known and is available with its primary information. This aspect of information - meta
data has been the key idea in Geo AMS to make it user friendly for Asset Management solutions
and Asset Monitoring systems especially.
Asset Management Information System can extend the view of it for the organization’s
maintenance teams and view the extended market space for marketing purposes. Asset
Information system can help the collection agents, facilitation teams in doing transactional
enquiries while they are in the field with the help of Geo AMS.
Financial Assets Management :
Finance and Infrastructure aiding agencies and institutions have
been in the gap from a long time because of the decentralised structure, vast area spread of
assets, less or undefined accountability, etc. Risk assessment was already made on a chance (
a benefit of doubt) in most of the scenes and majority of these areas. A business analytic engine
like Geo AMS would help the decision makers in assessing the assets while also giving access to
the information space to make a decision at the availed or permissible risk.
This can further be supported by the I.O.T ( Internet Of Things) in the coming forward days with
smart asset management . This monitoring index enlists the machinery and instruments from
mechanical, agriculture, automotive supported loans like tractors, harvesting tools, machines,
cars, autos, etc. Geo AMS will provide the support for a live access view and monitor from time
to time using the chip embedded in the device.
Advanced Collateral Management :
As also observed as one of the critical aspects in data
management is location and its accountability with respect to the changing human resources.
Geo AMS advanced also takes care of the assets utilised as a common platform wrt to the
services.
Especially in the aspect of banking, the same market space analytics base is used by different
operations teams like credit cards, Fixed deposits, Overdraft etc. The updates made or
confirmed changes also alert the executive users on other fronts reducing risk of loss for the
firm.