Skip to main content

Datastream 7i to revolutionise asset lifecycle management


In an effort to provide enterprises with the ability to achieve improved economic returns from their capital assets, Singapore-based Datastream recently unveiled its flagship product datastream 7i, in the Indian market. The product will be marketed in India in conjunction with Mumbai-based Deloitte Touche Tohmatsu. 7i is a completely Web-enabled asset lifecycle management system that looks at management of assets from a financial angle. 

This is expected to enable enterprises to obtain better return on assets and increase net profit. Said Haja Mohideen, managing director of the Asia Pacific region for Datastream, “Our product evaluates and manages each phase of an asset’s lifecycle, which chiefly constitutes of buying, tracking, managing and selling the asset. The solution enables companies to operate more efficiently by significantly cutting down on time spent on procurement and decision making. Through the e-procurement module a company can cut its procurement costs by more than 50 percent.” The product thus enables a company to realise greater return on investment (RoI) through efficient management.

According to Mohideen, 7i is not only completely Web-enabled but has also got workflow and special templates for various industries. Said he, “Before implementing our solution we conduct a business process study for our client and then tailor the product according to their requirements.

Datastream also provides 7i through a hosted or ASP solution. The solutions are hosted at the company’s central data centre, where the client company can load and store their data. This eliminates the need for the client to purchase a database and application server hardware and licenses thus reducing total cost of ownership. But according to Mohideen, this model has still not taken off in India due to tepid reception that the ASP model received.

Datastream is currently focusing on the manufacturing industry, which is one of the key areas where asset management is required. Other than this the company also plans to tap diverse industries like power, chemicals, ports, mining, pharmaceuticals and even telcos. The company is also looking at the hotel industry as a prospective growth area. It recently implemented 7i at the Hyatt in Mumbai. The low TCO and early RoI has ensured that the company can already boast of giants like Hindustan Lever, Godrej, BMC, Praxair and others on its client roster.

This article first appeared in Express Computer.

Comments

Post a Comment

Popular posts from this blog

Seven tips for recession proofing your data centre

The credit crunch and recession have put value-for-money at the top of the business agenda.  IT budgets, and more specifically data centre operations, have been among the first to bear the brunt of the cost-cutting axe.  Operational expenditure on top of high initial capital investment means CIOs must now cut cost and increase return on investments. However, reducing investment can damage an organization’s smooth functioning so how do you find initiatives that are cost-effective with a relatively quick payback period but not at the expense of disrupting the business? Know your Cost-Cutting Sweet Spots:   Maintenance and support accounts for more than 50 percent of an organisations IT budget.  In the initial phase, an audit team should identify all DCO assets deployed.  This will enable analysis of annual spending on servers and storage devices, network components, software licenses, applications, databases, and operating systems.  Overspend...
Post a Comment
Read more

IT Act languishes thanks to government negligence

The Indian IT Act 2000 turns two this month. However, rather than being part of the solution to the misuse of technology, its implementation seems to have opened up a Pandora’s box. In light of a recent Bombay High Court verdict on the lackadaisical track record of the Indian government in this aspect, we trace the loopholes in the Act With the recent spate of high profile cases involving the entertainment industry and the underworld, and with cases dealing with global terrorist conspiracies, the Bombay High Court has been in the news for one reason or another. However, last week saw a landmark judgement in the IT space, when a bench comprising Justices Ajit Shah and Ranjana Desai, severely censured the Union government for not appointing appropriate authorities to enforce right of remedy under the Information Technology Act (IT Act), passed by Parliament way back in 2000. Though this judgement lacked the drama and sensation associated with the more high-profile cases, in th...
Post a Comment
Read more

Indian billing vendors look outside India

A robust, world class billing system forms one of the most critical components of a telecom operator’s infrastructure, as it has a direct impact on the bottom line. Indian vendors however have received a lukewarm response from the domestic market despite the fact that their products are on the shopping list of international telcos. It’s a strange situation. Indian software solution providers are acclaimed the world over for delivering high-quality, low-cost solutions. But when it comes to products very few have been able to achieve any significant breakthroughs. Take the case of the telecom billing solutions space. Indian telecom operators have internationally reputed systems in place. But except for one or two exceptions, none of the major telecom service providers in the country have deployed solutions developed by domestic telecom billing solution providers. This despite the fact that most Indian solution vendors boast of quite a few international telecom operators on their cli...
1 comment
Read more