What is Network Asset Lifecycle Management?
The telecom world is currently at a crossroad. On the one hand, the industry is at the forefront of innovation and technological development. On the other hand, it is one rife with challenges such as plateauing revenues, increasing customer demands, increasing Capex Intensity, and ever-growing competition. Both these aspects play into each other, as CSPs need to invest in new network technologies to provide customers with the latest services, with the best experience. However, investing in network technologies seldom allow CSPs to witness adequate return on their investments. In such a scenario, where ROI is rare, CSPs must ensure that their Capex is optimized. One of the critical areas where CSPs can enable Capex optimization is through the better utilization of their network assets lifecycle.
Network Asset Lifecycle Management comes in many names, be it Asset Assurance, Asset Management, and so on. Telecom Network Asset Lifecycle Management refers to the process of optimizing revenues generated by assets throughout their lifecycle while optimizing costs. What do we mean by telecom assets? The variety of a CSP’s assets ranges from traditional telecom equipment to data center assets, NFV components, appliances, hardware and software licenses, IoT devices, OSS/BSS workload systems, and a multitude of access devices such as small cells, edge computing, home broadband, etc.
Beyond Capex and Opex optimization, there is a clear need for Network Asset Lifecycle Management emerging within many telecom operators to:
- Meet auditory and regulatory requirements
- Bring in digitalization and automation
- Stay competitive in the industry
- Generate a better return on capital
What CSPs need to succeed is a Telecom Network Asset Lifecycle Management solution, which can ensure both physical and digital asset management.
How can robust asset lifecycle management solutions help?
A complete solution of network asset lifecycle management would encompass the continuous monitoring and management of asset lifecycles. Each stage of the asset lifecycle comes with features and analytical functions for Capex and Opex insights, rich dashboards & reports, process triggers, KPIs and alerting mechanisms, operational workflows accessed over both web app and mobile app. A few of the key actionable insights from asset lifecycle management tools include asset re-positioning recommendations, purchasing recommendations and supporting analysis, network asset lifecycle statuses visualization, license analytics, assets contract performance insights, and more.
Benefits of Asset lifecycle management
- Provides a Centralized Repository for Active, Passive and Non-serialized Network Assets
- Reduces the under-utilization of assets
- Reduces the need for manual auditing
- Improves time-to-value of assets
- Enables monetization of end-of-life assets to generate maximum value
- Optimizes asset utilization
Driving Multimillion-Dollar Capex Savings Through Optimal Utilization Of Network Assets