2. Doing more with less
With infrastructure owners such as local authorities facing financial constraints, digital asset management is a way to make the most of increasingly scarce resources.
Operationally, it can unlock efficiencies – enabling organisations to carry out day-to-day asset management tasks more easily. For example, data can flow seamlessly along a workflow from an initial survey that finds a fault, to placing an order for materials to carry out a repair, to scheduling the work. Reducing manual intervention at each stage improves productivity and enables everyone, from the people setting policy to the people working directly with the assets on site, to access the right information at the right time.
Strategically, digital technology can help secure vital funding to ensure the long-term resilience of assets. How? By showing information to decision-makers, instead of just telling them about it. Combining aspects such as mathematical modelling of deterioration with easy-to-understand interactive dashboards enables asset owners to demonstrate clearly to funders the likely impact of different levels of investment.