Integrated Asset Management System Using Multi-Source Data Fusion
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Solution Overview
Problem
Current asset management systems in industries like construction often rely on outdated methods, such as pen and paper or outdated computing systems, leading to inefficiencies and inaccuracies in tracking assets, maintenance, and operation, which can result in increased costs and reduced operational efficiency due to unreliable location tracking and job status reporting.
Innovation Solution
An integrated asset management system that collects and integrates information from multiple reporting sources, including GNSS receivers, into a database, allowing for real-time monitoring and reporting of asset location and operation, enabling better maintenance scheduling, theft recovery, and operational optimization.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Measurement precision
If traditional pen and paper or outdated computing systems are used for asset management, then device complexity is reduced, but measurement precision and information accuracy deteriorate
Solution Approach 1:
The patent combines multiple reporting sources (GPS devices, telematics systems, manual entry interfaces) into a single integrated asset management system. This merging allows the system to collect data from various sources while presenting a unified view, improving measurement precision without requiring each individual component to be highly complex.
Solution Approach 2:
The asset management system is designed to handle multiple types of assets and multiple reporting sources through a single platform. The system can process GPS data, telematics data, and manual entries universally, reducing the need for separate specialized systems while maintaining high accuracy across different asset types.
2Loss of information
If multiple reporting sources are integrated for comprehensive asset monitoring, then information completeness improves, but device complexity increases
Solution Approach 1:
The patent introduces a central server as an intermediary that receives, processes, and harmonizes data from multiple reporting sources. This mediator consolidates information from GPS devices, telematics systems, and manual entries into a unified database, ensuring information completeness while managing integration complexity centrally rather than distributed across all components.
Solution Approach 2:
The system segments different reporting sources and data types into distinct modules that can be independently managed and integrated. Each reporting source (GPS, telematics, manual entry) is handled as a separate segment with its own processing logic, which then feeds into the central system. This segmentation reduces overall complexity by making the integration process modular and manageable.
3Productivity
If real-time monitoring is implemented using modern GPS and telematics systems, then productivity improves, but use of energy increases
Solution Approach 1:
The system implements periodic reporting intervals for GPS and telematics data collection rather than continuous monitoring. Assets report their status at predetermined time intervals, which maintains productivity benefits of real-time tracking while significantly reducing energy consumption compared to continuous transmission and processing.
Data Source
AI summary
A system for integrated asset management is disclosed. According to one embodiment, information from a first reporting source about an asset is received. In addition, information is received about the asset from a second reporting source. Inspection information about the asset is received from a first enabled device. A database is then populated with the information from the first reporting source, the information from the second reporting source, and the inspection information from the first enabled device, such that the information from the first reporting source, the information from the second reporting source, and the inspection information from the first enabled device can be collected or accessed in an integrated manner from the database for use by a client information system.