COSOL News & Insights

Optimising MRO Inventory is often overlooked, but inefficient practices mean working capital is locked up in materials, and downtime due to stockouts is high. In this article we look at the keys to successful MRO inventory optmisation and the significant benefits it can provide asset-intensive organisations.

This year our team saw a strong interest from delegates who wanted to understand how to migrate from Maximo to Maximo Application Suite (MAS) efficiently. Our expert team supported by our strategic partners - InterPro and Projetech also discussed the popular topics of IBM MAS AppPoints, Mobility, Geographic Information Systems (GIS) and Building Information Modelling (BIM) and how these technologies help organisations achieve operational efficiency.

COSOL acquires AssetOn Group - a leading Australian provider of asset management software and services. This acquisition enables COSOL to accelerate the delivery of our end-to-end Asset Management as a Service solutions across the East Coast of Australia. AssetOn's SaaS products "OnPlan" and "Master Data Services (MDS)" join COSOL's growing stack of IP solutions.

The application of digital engineering disciplines such as BIM to generate value for asset operations and maintenance (O&M) processes extends well beyond visualising what the asset itself looks like. When working with complex three-dimensional assets, BIM allows organisations to graphically plan work packages based on related tasks or their proximity to each other.

Working with an experienced and trusted partner, upgrading to IBM Maximo Application Suite needn't be a traumatic experience. In this article the COSOL's EAM experts guide savvy system owners on when is the best time to move to IBM MAS, understanding IBM AppPoint licencing and how to prepare of a successful upgrade.

The advantages of embracing Building Information Modelling (BIM) in design and construction (D&C) have been well and truly proven. Large infrastructure projects now mandate BIM to be used to centralise data, facilitate communication and promote efficiencies across the early stages of the assets' lifecycle. But there are barriers to BIM being adopted across the entire asset lifecycle. Learn more about how to break them down.

Asset-intensive organisations can’t afford to delay taking action on ESG (Environmental, Social and Governance). Not only are they under pressure to reduce waste and emissions by investors and society at large, regulations currently in place – and yet to come – require that they meet strict environmental conditions.

EZMaxMobile is COSOL's preferred mobility tool for Maximo. It integrates seamlessly, allowing field users full access to asset data and functions in online and offline modes without having to duplicate or compromise business rules. We've helped utilities, civil infrastructure, transportation and local government go mobile to empower field crews and realise efficiencies in common asset management tasks.

Building Information Modelling (BIM) is a digital representation of the physical and functional characteristics of built assets – from bridges and buildings to production plants and processing facilities. It helps design and construction teams aggregate information and work more efficiently on the creation of new assets and infrastructure.

In 2022, the Climate Change Act officially passed legislation in Australia. Federal and State Governments are now working together to tackle climate change with a common goal. In this article, we look at some of the impacts that this legislation might have on asset intensive industries in Australia in the short and long term.

IBM has advised of a critical security vulnerability relating to the Apache Commons BCEL used by IBM Maximo Asset Management - version 7.6.1. This vulnerability could allow a remote attacker to bypass security restrictions, caused by an out-of-bounds write flaw in the APIs. By sending a specially-crafted request, an attacker could exploit this vulnerability to gain control over the resulting bytecode.

Now in its third year, the COSOL CDU Engineering Scholarship is delivered in partnership with CDU which is the largest education and training provider and only university in the Northern Territory.