Brightly Launches Predictor Core
Brightly Launches Predictor Core Redefining Capital Planning with Industry-Proven Predictive Modeling
Cloud-based strategic asset management and capital planning solution integrates with work and asset management platform, Asset Essentials™, to accurately model capital needs for education and government facilities over thirty-year period with proprietary genetic algorithms
CARY, N.C. (PRWEB) April 7, 2021 — Brightly, the leading software-as-a-service (SaaS) provider of operations management solutions, today introduced Predictor Core for Asset Essentials™ to facilitate maintenance and capital investment decisions for public sector organizations. The first of its kind, Predictor Core integrates with Brightly's computerized maintenance management system (CMMS), Asset Essentials, for a holistic solution that enhances the fundamental practice of capital planning with strategic asset management to predict and plan for the future over three decades.
Public sector organizations have struggled to modernize their infrastructure in the face of severe weather, limited resources and the strain from the COVID-19 pandemic. According to the American Society of Civil Engineers, American infrastructure was given a 2021 grade of C- overall as part of its 2021 Report Card for America’s Infrastructure, defined as “mediocre,” “requires attention” and with “significant deficiencies in conditions and functionality, increasing vulnerability to risk.” American schools were given a grade of D+, as four in ten U.S. schools do not have a long-term facility plan. By 2039, America’s overdue infrastructure bill will cost the average household $3,300 a year.
Predictor Core eases the capital planning process to maximize public investment and prevent future adverse impacts. Designed for educational institutions, local governments and municipalities, Predictor Core for Asset Essentials is a cloud-based strategic asset management and capital planning solution that offers lifecycle modeling at the system level to explore ‘what-if’ funding scenarios. These visualizations help justify the resources necessary to ensure facilities are running at peak performance and meeting community needs to elected officials and stakeholders at all levels of lifecycle management expertise.
“Facilities and operations leaders in the public sector oversee an extensive portfolio, and there is a growing requirement to not only increase operational systems longevity but balance their budget between maintenance and renewal costs and desired performance,” said Jodi McDermott, chief product officer of Brightly. “Predictor Core for Asset Essentials leverages strategic asset management methodology and facility systems information to accurately predict and compare how funding at the system level impacts facilities over a period of thirty years."
This powerful combination ensures safe and well-maintained facilities today and its viability for future generations to come.
Unique to Brightly, Predictor Core integrates with the company’s CMMS, Asset Essentials, to deliver accurate predictive modeling of facility system capital needs, based on end of life and Facility Condition Assessments (FCA) up to thirty years into the future. This data allows organizations to make the important shift from budget-driven decision-making to a data-driven approach with actionable insights to understand and plan for capital needs.
Brightly has a strong history of helping educational institutions and local governments manage capital expenses via its Capital Forecasting solution and most recently, Predictor, launched in 2020. Organizations such as Department of Education, Tasmania, and City of Topeka, Kansas, rely on its capital planning solutions globally.
