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Smart Infrastructure Asset Management

IMC-2017 Learning Session - 41:20
by Michael Salvato, Metropolitan Transportation Authority

Productivity in infrastructure management is lower than it was 20 years ago. Infrastructure providers have not benefited from modern approaches to management and information technologies available for complex engineering systems and enterprises. Asset management systems, as defined by ISO 55000, outline the management requirements and capabilities necessary for smart Infrastructure, integrated supply chain management, more sustainable and resilient built environment, and better steward of our natural heritage. Smart infrastructure, resulting from the convergence of digital technologies with physical infrastructure, requires a radical paradigm shift in how critical infrastructure systems are managed to support lifecycle optimization and decision making to realize the value for money of continuously improving outcomes.