Asset Intelligence: using innovative technologies and new business models to reduce costs, address business risks, become more agile and drive better outcomes.
Geomatic Technologies recently hosted a forum bringing together key leaders from Power, Gas, Water and Rail businesses to discuss industry challenges and solutions to overcome them.
It was a privilege having such a high-calibre presenter address the room soon after his team achieved the pinnacle of their sport by winning last year’s Grand Final.
Chad Hymas, Executive General Manager of AusNet Services’ Commercial Energy Services also addressed the room, explaining the Focus 2021 plan to build a portfolio of high performing and sustainable Regulated and Commercial Energy Services businesses – a plan for which Geomatic Technologies’ high-IP Asset Intelligence services play a key role.
Matt Thorpe from CitiPower Powercor – highlighting how using Geomatic Technologies FMC – VMS solution has decreased their Vegetation Management program cost by 40% in just a few years.
Geomatic Technologies’ FMC ensures works planners, schedulers and field personnel can efficiently complete allocated works, make real time business decisions, and update enterprise systems through seamless integrations.
Alistair Parker from AusNet Services – explained how they have been able to reduce costs and create efficiencies by offshoring data maintenance activities, including cost savings of up to 70% as well as increased work volumes and other improved metrics.
Geomatic Technologies’ unique onshore/offshore Data Maintenance offering helped AusNet Services achieve significant annual savings.
Also featured were a number of exciting announcements on some truly sector leading developments in Asset Management and Intelligence.
Official launch of AIMS3D – Gary Butcher showcased how quickly infrastructure networks can be comprehensively captured in a combination of high-definition imagery and LiDAR and made accessible across businesses via a standard web browser.
AIMS3D is already a powerful tool for assessment, measurement and planning for complex networks. Furthermore, it demonstrates that in the near future all these tasks may be accomplished from the comfort and safety of a desk rather than in the field.
Gary also touched on the industry leading work his team is doing in Beyond Visual Line of Sight (BVLOS) drone operation. Many in the room agreed BVLOS unmanned aerial vehicle flight will have a profound impact on infrastructure networks and that operators should work with the regulators and CASA in this area – It’s coming, it’s just a matter of how and when.
Automation and Machine Learning – demonstrating the staggering pace of technological development, Pete Barnes showed the increasing potential for Artificial Intelligence and other advancements to fundamentally change the way networks operators work.
”By our reckoning, network operators that adopt the full suite of AI apps—including inspection automation, preventive maintenance, demand management, and theft detection— could raise their EBITDA by 20 to 30 percent.” – McKinsey Global Institute, Artificial intelligence: The next digital frontier? June 2017
What can we learn from North American Rail Networks? – Geomatic Technologies work with rail networks in Philadelphia, Toronto, San Francisco and other US locations has further developed the organisation’s insight into rail industry developments internationally.
Rail expert Dave Presley demonstrated how high forecast growth in passenger numbers is leading network operators to require increasingly advanced solutions for maintaining tracks, infrastructure and safety standards while moving more people, faster.
The forum was lively, interactive, educational and thought-provoking and provided a great opportunity to learn and network with key leaders in the industry.
We would like to express our thanks to all those who participated in the Solutions Forum and contributed to the lively discussions.