Australia & World

Predictive technology helps Congress manage assets

The Metropolitan Council, South Australia’s smallest, says its adoption of predictive technology to monitor the health of its infrastructure has made asset management less costly and more efficient for resource-scarce organizations. I’m here.

james kelly

The town of Walkerville, northeast of the Adelaide CBD, covers 3.5 km and has a population of 8,000. Its infrastructure assets are valued at $220 million, including a 35km road network, 55 buildings, 80km of sidewalks, parks and other facilities.

James Kelly, Group Manager, Assets & Infrastructure, is one of only two asset managers on the council. Maintaining existing infrastructure or building new infrastructure can be a challenge for local governments like Walkerville, which has limited resources and a tight budget, he said. says there is

forecasting software

As such, the council recently decided to use innovative technology to identify and predict road life. According to Kelly, this helps managers and councilors make informed decisions about infrastructure investments.

“The longer you look at a set of assets, the better decisions you can make and the lower your costs will be in the long run,” Kelly said.

“We remain a small council and try to remain as independent as possible, so we ensure financial and intergenerational equity by making evidence-based decisions backed by real data. I was thinking of wanting to.”

This technology was introduced in 2017 to collect data and establish a dynamic asset database that can be updated and reviewed as asset conditions and budgetary expectations change.

“We had a ton of asset registry and condition scoring of assets sitting in spreadsheets and separate databases within our organization,” says Kelly.

What we can do with that data is centralize it through wealth management solutions that include predictive software. So every time you readjust or evaluate your roads and trails, you can update that information… -Period financial information.

james kelly

“What we can do with that data is centralize it through an asset management solution that includes predictive software. with financial information.

“As budgets change, we can update that database to reflect the impact of budget changes on the state of our asset network over time.

“You can see how your assets will fare if your budget goes up or down in long-term financial planning.”

Cost reduction

The system uses two platforms, including software installed on the device and a cloud-based solution that presents the data as user-friendly graphs and infographics. This is especially useful for counselors, says Kelly.

Walkerville invests about $100,000 a year in the system, which Kelly says saves consultants money by eliminating the need to manually hunt through data pages.

He said the initial process of collecting asset data from registers and spreadsheets was the biggest challenge in establishing the new system and took “several years.”

But he says the Walkerville experience shows that working with new technology can benefit local governments.

“Technology advances and many cloud-based solutions have made it easier than ever to access these tools, and there is a lot of wealth management expertise in companies that understand the needs of local governments. ”

When selecting vendors, Kelly said Walkerville looked to councils with similar sizes and inventories as a benchmark.

“We found it very important for us to be able to share stories about asset systems with other councils,” he says.

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Predictive technology helps Congress manage assets

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