Condition-Based Everything:

How Asset Assess Is Transforming Facilities Management in Australia

In today’s rapidly evolving built environment, the traditional approaches to facilities management are being challenged by rising operational costs, increasing energy demands, and a growing shortage of skilled labour. Australian facility managers are under pressure to do more with less—maintaining comfort, indoor air quality, reliability, and compliance while reducing costs and environmental impact. Enter Asset Assess, an Australian firm, providing a global platform that redefines how facilities are managed through a revolutionary approach: Condition-Based Everything.

The Shift to Condition-Based Management

Asset Assess empowers facilities teams with advanced fault detection and diagnostics (FDD) technology that enables real-time, data-driven decision-making. This approach moves beyond reactive and scheduled maintenance to a proactive model where decisions are based on the actual condition of assets. The result? Improved performance, reduced costs, and extended asset life.

At the heart of Asset Assess’ solution is a powerful global analytics platform that continuously monitors building systems, identifies faults, and provides actionable insights. This system is already delivering over $60 million in annual energy savings globally, and Australian facilities, through Asset Assess, are beginning to reap the benefits.

Why Traditional Maintenance Models Are Failing

Most facilities still rely on a mix of reactive and scheduled maintenance. Studies show that 40–60% of maintenance is reactive, leading to higher costs, increased downtime, and premature equipment failure. Preventative maintenance, while better, often involves blanket checklists that don’t reflect the actual condition of equipment. This results in wasted labour and missed opportunities to address emerging issues before they escalate.

Asset Assess’ condition-based approach replaces guesswork with precision. By continuously analysing data from building automation systems, energy meters, and equipment sensors, the platform identifies faults, prioritises them based on impact, and guides technicians to the root cause. This not only improves first-time fix rates but also reduces unnecessary maintenance tasks.

Energy Management: The First Frontier

Energy efficiency has long been a priority for facility managers, and Asset Assess’ platform excels in this domain. Through automated diagnostics, facilities can identify and resolve energy waste in real time. The system tracks key performance indicators such as avoidable energy costs, comfort scores, and maintenance severity, helping teams prioritise actions that deliver the greatest impact.

For example, a stuck damper in a ventilation system might cause significant energy waste and discomfort. Asset Assess’ diagnostics pinpoint the issue, estimate the cost impact, and suggest corrective actions. This enables facilities to move from reactive troubleshooting to strategic energy and maintenance management.

Maintenance Management: Doing More with Less

With a projected shortage of skilled HVAC technicians in Australia, facilities must find ways to optimize their maintenance operations. Asset Assess helps by automating many of the checks traditionally performed during preventative maintenance. In one case study, a client reduced 45% of the time spent on air handler PMs by automating 30–35% of the tasks. This freed up technicians to focus on higher-value work and reduced the risk of emergency repairs.

The platform also improves first-time fix rates, a key metric for maintenance efficiency. By providing detailed diagnostics and root cause analysis, technicians are better equipped to resolve issues correctly the first time. This reduces repeat visits, lowers labour costs, and improves asset reliability.

Capital Planning: Smarter Investments

One of the most exciting applications of Asset Assess’ technology is in capital renewal planning. Traditionally, capital planning relies on static data like installation dates and expected lifespans. But this approach often leads to premature replacements or emergency repairs.

Asset Assess introduces condition-based capital planning, using real-time data to assess asset health and predict lifespan. Metrics such as cycling frequency, efficiency degradation, and fault recurrence provide a dynamic view of asset performance. Facilities can now make informed decisions about when to repair, replace, or extend the life of equipment.

For example, a fan showing excessive cycling may have its lifespan reduced by several years. By addressing the root cause—perhaps a poorly tuned control loop—facilities can avoid premature replacement and optimise capital expenditure.

Beyond Maintenance: A System of Record for Asset Health

Asset Assess’ platform is more than just a diagnostic tool—it’s a system of record for asset health. Through integrations with CMMS, BMS, ESG platforms, and compliance systems, it becomes the central hub for facilities data. This enables a wide range of condition-based workflows:

• Maintenance Management: Automatically generate work orders based on diagnostics and track resolution.
• Capital Planning: Use asset health scores to prioritise replacements and budget effectively.
• Compliance Monitoring: Ensure regulatory conditions (e.g., temperature, humidity, air changes) are continuously met.
• Risk Management: Identify high-risk assets and mitigate potential failures before they occur.
• Business Performance: Correlate asset health with outcomes like tenant satisfaction, patient care, or manufacturing reliability.

Real-World Impact: Case Studies from Asset Assess Clients

Asset Assess’ clients are already seeing transformative results. In one example, a facility eliminated monthly PMs on air handlers and automated a significant portion of quarterly and annual tasks. This led to:

• 35% reduction in maintenance time
• Additional 30% cost savings from avoided emergency repairs
• Improved asset reliability and extended lifespan

Another client used Asset Assess’ analytics to challenge HVAC sizing assumptions in new construction. By analysing real load data, they were able to install equipment based on actual heat and humidity loads, resulting in lower capital plant replacement costs, and a more efficient installation.

The Future of Facilities Management in Australia

As Australian facilities face increasing pressure to reduce costs, improve sustainability, and manage aging infrastructure, Asset Assess offers a clear path forward. By adopting Condition-Based Everything, organisations can:

• Optimise energy use: showing reductions of up to 30% on previous HVAC consumption
• Streamline maintenance operations
• Extend asset life
• Improve compliance and risk management
• Enhance overall building performance

Asset Assess is not just a technology provider—we’re a strategic partner, helping Australian facilities transition to a smarter, more sustainable future.

Summary

Don’t Bury Your Head in the Sand.

Managing facilities without real-time data is like flying blind. Problems go unnoticed until they become costly emergencies. Asset Assess gives you the visibility and insights needed to manage proactively, not reactively.

Whether you’re overseeing a hospital, university, office building, or manufacturing plant, Asset Assess’ condition-based approach empowers you to make smarter decisions, reduce costs, and improve outcomes.