Asset management is a huge task at times provided as a maintenance project to a third-party company. This company is required to take a list of all the assets present in the site and do a regular inventory check and inspection to keep a track of the asset’s condition.
When it comes to Road/Highway Asset Management, they are required to keep a track of Streetlights, Signboards, Kilometre stones, Delineators, Solar Blinkers, MBCB, Kerbs, Cracks, Potholes, etc. This will also be applicable to other industries such as property management, real estate, housing colonies, etc, where they have their own set of assets to be tracked and maintained.
With the help of computer vision, we can automate this entire management process with something as simple as a video recording. This eliminates the manual work of people having to go to individual assets to inspect them. For estates and properties having thousands of assets it’s almost impossible for them to manually check all their assets, taking into consideration the time taken, the effort involved and labour cost.