The IATM solution, by loT WoRKS™™ aims to enhance asset onboarding, transform inventory auditing processes and improve asset visibility through location monitoring.An industry agnostic solution, IATM has various application areas such as IT assets, Life Sciences and Healthcare, Financial Services, Automotive, and MRO (Maintenance, Repair and Overhaul) services, being the immediately realized implementations. We have introduced 3 major variants of our solution to address the market needs -

• EUC assets in any enterprise.

• Consignment Inventory Management for pharma, medical devices, retail, consumer goods or in any Vendor Managed Inventory scenario.

• For warehouse operation.

Key AWS Services leveraged in reference architecture

AWS loT Core, Amazon S3, AWS Lambda, Amazon Route53, Amazon CloudFront, Amazon Elastic Load Balancer, ECR, AWS Fargate, Amazon Elastic Container Service, Amazon RDS, Amazon QuickSight, Amazon MQ, AWS loT Analytics, AWS loT Events, Amazon SNS, Amazon Cloudwatch, AWS X-Ray and AWS IAM

Benefits

• Improved operational efficiency: Automation in asset lifecycle management processes including audit and reconcilation leads to productivity and process improvement.
• Cost savings: Reduction in cost of lost, stolen, and misplaced assets.
• Higher inventory accuracy: Gaps between actual physical inventory & ServiceNow database proactively identified & reported to asset manager.
• Maximum Utility derived per Asset: By applying FEFO logic in deploying assets, maximum possible utility can be derived from the assets thereby resulting in significant cost savings.
• Enable compliance: through automated audit, reconcillation as well as reduce data breach risk due to asset loss.