An inability to identify a single source of truth in large assets is hamstringing asset owners’ ability to adapt and improve, according to a new paper from Arcadis.
Drowning for Data: Gasping for Intel summarises discussions held by several of Australia’s asset owners around how they want to use data to improve the efficiency of their assets and what’s holding them back.
Clara Tetther, Infrastructure Advisory Lead QLD, Australia Pacific, Arcadis, said the vast majority of asset owners still struggle with reaching the consistency and traceability across data to realise full value from their assets.
“If you have a solid understanding of your asset you can use the data to predict trends, such as when a certain volume of rain will cause a network to fail, or when physical structures will begin to degrade,” she said.
The paper found the most common barrier to identifying a single source of truth in assets was organisational structure and management.
“Issues range from an aging workforce were intel is kept in the minds’ of employees to organisational silos making it difficult to not only share data but also check what is correct,” Ms. Tetther said.
“Education and establishing governance structures around information assets are the two single most important steps. Without someone owning the data and people knowing what to do with it, you want be able to get real value out of your asset.”