How Can Infrastructure Asset Management Improve the Resilience of Your Architecture?
Imagine a world where your infrastructure projects not only meet but consistently exceed expectations. It might sound like a dream, but with the advent of asset management solutions, this vision is becoming a new reality. This paradigm shift has the potential to revolutionize your organization’s approach to infrastructure management.
According to a report by Kings Research, the Global Infrastructure Asset Management Market is projected to achieve a valuation of USD 76.48 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.17% from 2023 to 2030.
Let’s explore the realm of Infrastructure Asset Management (IAM) and uncover the critical insights that can transform your approach to asset and project management.
Infrastructure Asset Management: Prioritizing and Optimizing Assets
In simple terms, infrastructure asset management is a strategic approach designed to optimize the maintenance of public infrastructure. It ensures that each resource performs at its peak in terms of efficiency, durability, safety, functionality, and sustainability. This includes managing assets such as bridges, rivers, electric grids, ports, mass transit systems, railways, highways, waste systems, and water supplies.
The process focuses on maintaining, rehabilitating, and replacing infrastructure to extend its service life and enhance its quality. However, infrastructure asset management is far more than just routine maintenance. It is a comprehensive, multidisciplinary approach aimed at preserving and extending public infrastructure to deliver better services to users.
How Infrastructure Asset Management Maximizes Project Value
Infrastructure asset management enables professionals to systematically and proactively plan and manage every stage of an asset’s lifecycle. This approach minimizes the negative impacts of poor resource management and ensures optimal performance.
A well-executed IAM strategy allows organizations to:
Top 5 Infrastructure Asset Management Software to Boost Efficiency and Productivity
Here are the top five infrastructure asset management software solutions that businesses are investing in to enhance their operations:
1. IBM Maximo?
IBM Maximo Application Suite is a game-changer in asset management, combining Computerized Maintenance Management Systems (CMMS)/Enterprise Asset Management (EAM) and Asset Performance Management (APM) solutions into a hybrid-cloud platform. This suite provides:
IBM Maximo is widely used by leading global companies in industries such as oil and gas, utilities, and automotive manufacturing. By integrating IoT data, Maximo helps reduce downtime, improve operational efficiency, extend equipment lifespan, and delay new capital expenditures.
2. Oracle Primavera Unifier
Oracle’s Primavera Unifier is a robust asset and project management solution designed to enhance visibility and productivity. It offers extensive customization options and pre-built workflows to automate business processes efficiently.
Key features of Primavera Unifier include:
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3. Cartegraph Asset Management
Cartegraph Asset Management is a powerful tool for managing infrastructure assets such as pavements, water utilities, parks, and facilities. It helps optimize performance, track resource usage, manage service requests, monitor performance, and reduce operating costs through data-driven decisions.
Cartegraph integrates seamlessly with GIS, 311 systems, and fuel systems, enabling efficient work management, resource allocation, and capital improvement planning. Cities, counties, universities, and school districts use this software to optimize infrastructure assets and achieve high-performance operations.
4. Brightly Asset Essentials
Brightly Software’s Asset Essentials is a next-generation infrastructure and enterprise asset management platform designed to streamline maintenance and operations. As part of Siemens, Brightly is a global leader in intelligent asset management, overseeing over 49 million assets and 386 million work orders.
Asset Essentials enables users to:
The platform integrates seamlessly with existing software ecosystems via open APIs, providing a 360° view of operations.
5. HxGN EAM
HxGN EAM is a globally recognized asset management solution that optimizes asset performance while addressing risks and sustainability challenges. It features advanced analytics, immersive visualization, modern mobility, and a robust asset performance management engine.
Key capabilities of HxGN EAM include:
The Future of Infrastructure Asset Management
The future of infrastructure asset management is poised to be transformative. With cutting-edge technologies and data-driven solutions, organizations will achieve unprecedented levels of efficiency, cost-effectiveness, and sustainability. Advanced software, real-time monitoring, and predictive maintenance will play pivotal roles in optimizing infrastructure assets.
Collaboration and data sharing will become central to this evolution, revolutionizing how stakeholders communicate and work together. Infrastructure asset management will redefine how we build, manage, and maintain critical infrastructure, paving the way for a more resilient and sustainable future.
By embracing these innovations, organizations can unlock new opportunities and ensure their infrastructure projects not only meet but consistently surpass expectations.
Digital Marketing Specialist
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