Rail organizations are constantly striving to optimize asset performance while ensuring reliability and improving the overall condition, security and safety of their networks. They must balance conflicting demands, between investing in the new and maintaining the old in order to deliver a better service and an improved customer experience.
Years of inadequate investment in existing assets can see reactive maintenance take the lion’s share of the maintenance budget. This impacts performance, from an increase in breakdowns and delays to wasted fuel and passenger crowding. At the same time, environmental, safety and regulatory compliance requirements are becoming more stringent, while climate change, urbanization and shifting demographics must also be accounted for in future planning.
Enter Enterprise Asset Management (EAM)
Accurate information about the assets you are accountable for, their performance, associated risk and cost of ownership is a must. Once informed, you can bring robust options and transparent business cases to the table to satisfy the needs of your stakeholders, from government authorities, regulators and politicians to environmentalists and customers.
Embrace the New
Development of the "connected" smart rail ecosystem is within reach for some organizations. This is enabled by the increase in computing power, new capabilities to process large amounts of data in real time and the affordability of the supporting technology.
And while it can be very easy to get caught up in the excitement of technology advances, it would be remiss to not tackle some of the potential legacy issues that could impede your adoption of the New.
When scoping your initial EAM initiatives seek to build a strong foundation by prioritizing these six areas for success:
To be successful in the New, stay focused on business outcomes. Keep it relevant for those involved. And continue to generate insights that facilitate bold, frank and transparent conversations with your staff and your supply chain.