1. Big Data, analytics and its impact on asset management Dr
John Wentzel Chief Executive Officer Drake & Scull 2014 SAFMA
Conference 4-5 June 2014
2. Social media & business impact
3. Outcome of the Ford Fiesta 2009 campaign
4. Impact of social media on leadership
5. We are now in the era of Big Data
6. The concept of Big Data Combing these aspects of Big Data
will allow extraction of value using new management approaches By
2020 the volume of data generated will fill 3 Libraries of Congress
every second
7. What can Big Data do? Using data & remote sensors, KTH
has reduced traffic congestion by 20%, travel times by 50% and
emissions by 10%. Using networked river sensors measuring variables
in real time officials can improve resource management & react
to problems. Using machine sensors, climate data and user energy
demand, turbines can be placed and managed for optimal
efficiency
8. Big Data in facilities management? What if you could combine
access control data, weather data, air-conditioning performance and
automatically adjust performance to save energy? What if, using
remote smart sensors, GIS co- ordinates, you did not need to look
for your building stock but it told you where it was? What if you
could use Big Data and analytics to identify patterns in purchasing
behavior that correlate with fraud and corruption ? What if you
could combine citizen satisfaction feedback, staff morale measures
and maintenance records to link asset performance to delivery?
9. Asset management challenges in the state Regulatory
Increased demands for proof of regulatory compliance Costs
Requirement to stretch spend further Environmental Societal
pressure to demonstrate sensitivity to the environment Governance
Fighting fraud & corruption Service delivery Citizens seeking
evidence of improved delivery All of these challenges require the
use, manipulation, transformation and interpretation of data
Embracing Big Data has the potential to help address all of these
challenges
10. The way forward with Big Data Treat data as an asset in the
same way that a physical asset is treated Have a strategy for your
data, the same way you have a property strategy Assess the quality
of your data, the way you assess asset quality Consider piloting,
on a small scale, using data in in asset management
11. Summary Big data is increasingly prevalent and its impact
is only likely to grow. Big data can be particularly advantageous
when applied to the management of facilities. The use of Big Data
moves the management of assets from a reactive to a predictive
approach. The use of Big Data can allow the state to meet some of
its most pernicious asset challenges.
12. Thank You Please feel free to contact me on jwentzel@drake-
scull.co.za or via twitter @johnwentzelceo
