Forecasts suggest that Australia’s population will reach 35.9 million by 2050. The majority of infrastructure required in the next 15 years has already been built, however, such population and usage growth exert an increased pressure on infrastructure operators to improve efficiency and maximise the value of existing assets.
In addition, the current age of innovation has its own set of challenges; asset owners and operators often find themselves struggling to balance stakeholder expectations, operational efficiency and cost-effectiveness, all while integrating new technologies into existing assets.
- With multiple competing interests, how can asset owners make the right decisions and effectively harness technology to future-proof existing assets?
- What challenges exist in the current age of disruption and what opportunities are created by technology?
- How can technology be embedded into existing infrastructure to maximise lifecycle, improve efficiency and reduce overall maintenance costs?
With digital technology transforming the way assets are being managed, the Innovation in Infrastructure Asset Management Summit addresses the challenges of operating old and new infrastructure assets in the 21st century and brings together the engineering and asset management community to share the latest innovation and technology solutions used to optimise infrastructure lifecycle and deliver top line and bottom-line benefits.
Pre-Conference Workshop: Optimising asset life cycle management and delivering better outcomes with data and digital tools
The explosion of data offers asset management practitioners opportunities to gather and use data throughout the asset lifecycle. However, the abundance of data and digital tools available can often prove to complicate things rather than simplify them. How can asset owners and operators gather relevant and useful data? How can this data be used to translate into actual strategy? How can technology systems be best utilised to improve asset processes?
The workshop will cover these key fundamentals:
- How to use data more effectively to improve maintenance and operations processes
- How to best assess financial costs of maintenance and renewal procedures
- How to effectively integrate data, information and other technology
- How to leverage predictive analytics to ensure continuous quality, safety and reliability
- How to reduce deterioration and extend asset life cycle through scenario modelling and predictive digital monitoring