Cost effective asset maintenance is at the heart of successful delivery of levels of service. Maintenance decisions are based on a wide range of data, from a variety of sources and the quality of the information available to the decision makers is crucial to the process. Water utilities have long realised that the large volume of data collected for operational purposes contains valuable asset information on condition, deterioration and serviceability which, if available, could be used to improve asset management decision-making.
Barriers to using this data include:
- Accessibility - real time data is often held on corporate telemetry systems, and needs to be extracted and processed before use
- Compatibility with existing decision support tools.
This project will examine opportunities for improving asset management by using real time data and how this could best be implemented. It will identify the key enabling technologies, the IT needs and the tools. It will also produce guidance on how to develop a strategy to roll out the use of real time data in asset management, both using existing data, and new types of data which will be needed. All data has a cost in its provision and a cost / benefit approach will be developed to identify, quantify and prioritise the real time data needed.
Benefits to Clients
- Improved asset management processes and decisions.
- A cost benefit approach to asset management use of real time data.
- A key resource document for developing corporate asset management strategy.