Public transit agencies are facing budget shortfalls and aging equipment. As transit asset managers navigate the “do more with less” environment, safety and reliability remain their top concerns.
Despite shirking budgets, the Federal Transit Administration is increasing their scrutiny of transit agencies’ state of good repair practices. However, in an Accenture survey of over 100 transit asset managers, almost 40 percent stated they would need more $500 million to achieve a state of good repair and nearly 80 percent cannot meet even half of their maintenance backlog with their current funding.
While there are no quick fixes to this situation, taking an integrated approach can help address the deficit. By exploring data visualization, integrating systems, maximizing mobile opportunities, and adapting their organizational structures to be more nimble and break silos, transit agencies could begin to address their state of good repair backlogs.
Agencies will be able to have increased transparency, ultimately leading to better and more cost effective decisions if they digitize and integrate the abundance of data collected across the system. By integrating asset data with visual tools (such as geographic information systems, business intelligence software, and system dashboards) operators and maintainers can function more efficiently, and also better communicate the results and value of total asset management programs to agency leaders and the riding public.
Agencies that harness the power of mobility will be able to provide maintenance personnel with the necessary tools to improve inspections, expedite work order processing, and decrease incident response times. Furthermore mobility applications can enhance the rider experience with real-time integrated operational data and system alerts.
Get the details. Read the full findings from Accenture’s survey of asset managers