Digital Disruption - Beyond the hype to tangible Asset Management improvement

PMI Adelaide are delighted to present this event for our members.

Digital Disruption - Beyond the hype to tangible Asset Management improvement

James Cooper, Asset Information Director,

Asset Management Consulting Limited (a Turner & Townsend Company) www.amcl.com

Asset-intensive organisations face the challenge of improving productivity while enhancing and sustaining the capability and health of their asset base. There is a global trend for government agencies, professional bodies and the supply chain to promote new digital technologies and business models as a solution. Concepts such as BIM, Digital Twin, Artificial Intelligence, Prescriptive Analytics and the Internet of Things have the potential to streamline business process and enhance decision making. These disruptive digital trends seek to more effectively exploit asset data, but many remain at proof of concept stage or risk failing to realise stated benefits.

Asset Managers are increasingly tasked with investigating which digital tools would benefit their organisation. However, it can be difficult to navigate the landscape of technology and to align digital with the improvement of Asset Management frameworks and existing Asset Information projects.

This session summarises these digital trends and how they connect to Asset Management capability. It will define differing maturity states of organisations to adopt digital, in relation to existing Asset Information standards and systems. Case studies will be presented from various industries on how advanced technologies are being used to improve asset data collection, gain insights into asset performance and optimise asset investment planning. Cognitive Computing will be discussed and how organisations can interpret unstructured data and retain expert knowledge. We will cover solutions and projects related to the handover and handback of data from the asset acquisition or renewal phases, and discuss how effectively BIM is providing data to support the asset lifecycle and digital techniques.

Underpinning the content will be the presentation of a methodology and toolset which have been used to define the Asset Management decision needs of organisations. Including the use of an Asset Information Model to prioritise and develop data and digital requirements.