July 2017 | Dallas, TX – RealFoundations’ Director Simon Parsons contributed to a recent report published by the Institution of Civil Engineers (ICE), titled “Intelligent Assets for Tomorrow’s Infrastructure: Guiding Principles”. Published on June 14th, this guidance paper is a collaboration between the Asset Management group of the Institution of Civil Engineers’ Management Panel (of which Parsons is a member) and the University of Cambridge’s “Cambridge Centre for Smart Infrastructure and Construction” (CSIC).
Drawing on both recent research from the CSIC and longer-term industry experience, the paper focuses on the concepts of smart infrastructure and intelligent assets, explaining what they mean in practical terms alongside examples of use in infrastructure asset management to gain efficiency and reduce waste. In the article, the authors propose a maturity model to guide smart asset development and help managers select appropriate technologies, with an emphasis on using data to improve asset management (both during construction and operation) to save time and money while increasing the underlying value of the asset.
