Infrastructure Asset Management

Infrastructure Asset Management Definition

Infrastructure asset management refers to the ability to calculate geographic coordinates for an asset and then use it for mapping, reporting and geospatial analysis. Typically, asset mapping occurs once the asset is installed in the field and is operational. This is especially true of infrastructure assets such as valves, pipes, poles, lights, cameras, etc. Generally, the process focuses on the later stages of an asset’s life cycle, specifically maintenance, rehabilitation, and replacement, and is critical in reducing risks. Asset mapping becomes extremely critical for underground utilities.

Remote Facility Management

FAQs

What Is Infrastructure Asset Management?

Infrastructure asset mapping is the ability to geolocate critical assets for tracking, mapping, analysis and maintenance. The benefits of asset mapping are an improved asset management process, enhanced customer satisfaction, governance, and accountability, risk management, financial efficiency, and sustainability. Various systems can be used for asset mapping including simple mapping systems like Google Maps, traditional CAD systems like Autodesk as well as more robust GIS-based systems like UVARA.

Asset mapping is critical for managing underground utilities. In addition, asset mapping links the data from IoT devices to other connected networked infrastructure. Augmented reality (AR) can be used to tie the location of an asset to detailed documents and diagrams while using smart devices in the field.

What Does Infrastructure Asset Management Do?

The basic premise of infrastructure asset management is to geolocated an asset from its source (i.e a map), address (geocoding) or GPS. Once the asset is located geographically, geospatial modeling and analysis can be used to monitor, connect and map the asset in relation to other objects (other assets, roads, buildings , sensors, etc.)

In addition, it supports asset mapping by intervening at strategic points in an asset’s normal life cycle to extend its service life and to ensure it is operational. Typically, a long-life-cycle asset requires multiple intervention points including a combination of repair and maintenance activities and even overall rehabilitation.

What Are Infrastructure Asset Management Tools?

Infrastructure asset management can include a variety of tools. An often overlooked tool is GIS. The versatility and functionality of a GIS system allow for the control and management of all assets and land-focused (location) activities. Most assets are interconnected and share proximity, and this connectivity is possible through the use of GIS. GIS-centric infrastructure asset management standardizes data and allows interoperability, providing users the capability to reuse, coordinate, and share information in an efficient and effective manner. Computer Aided Design (CAD) are also used for asset mapping and are good for design but are often ingested into a GIS system once the asset is deployed.

Who Benefits from Infrastructure Asset Management?

Infrastructure asset management is used by the following sectors:

  • Higher Education – Infrastructure asset management helps colleges and universities know where to build and develop comprehensive grant plans. Design and maintain a safe campus. Get in front of issues with a data-based maintenance schedule.
  • Construction Companies – Uncover hidden risk by understanding underground infrastructure asset locations. Track progress with an integrated view of all plans with on-site views.
  • Commercial Real Estate – Get a handle on property maintenance schedules and annual costs with infrastructure asset management tools. Reduce costs by optimizing repair work based on location. Understand the true costs of expansion with full knowledge of underground asset locations.
  • Large Business – Maintain building and campus health with a complete smart map view of your locations using infrastructure asset management tools. Create safety zones, emergency plans, and community areas based on a full view of the property.
  • Health Care – Understand quickly expansion areas for emergencies knowing where critical facilities are located such as water and power using infrastructure asset management tools. See hidden dangers underground before expanding and reduce maintenance costs with a location-based plan.
  • Casinos – Reduce risks and security by knowing where all assets are located by implementing an infrastructure asset management system. Manage property flow and configurations based on a full picture of each property.
  • Non-Profits – Managing property is not the first goal of non-profits but often they are called on to caretake important community land or holdings. Historic sites, parks, museums, discovery centers, clinics are just a few of the sites that can be better managed by bringing infrastructure asset information together using location.
  • Cemeteries – Smarter map-based infrastructure asset management helps cemeteries be more efficient in maintenance, remodeling, and expansion.
  • Local Governments – Areas such as parks and libraries while small are complex. Underground infrastructure is often not on the city’s utility maps but in file drawers and CAD drawings. Bringing these to light helps reduce costs and lower risks.

What Are the Issues with Using Infrastructure Asset Management Tools?

Map and/or GIS-based Infrastructure asset management solutions are critical. Beyond maintenance, planning, and design for remodeling, expanding, or replacing facilities requires knowledge about what currently exists, its age, makeup, capacity, life expectancy, and where it is physically located. Guessing about any of this is very risky. Mapping the location of an asset not only helps find it for maintenance but also give quick access during an emergency such as a valve shut off. In addition, knowing where an asset is in relation to other infrastructure elements helps in planning the location of new elements such as security cameras, callboxes, shut-off valves and more.

How Does UVARA Support Infrastructure Asset Management?

Infrastructure asset management is a key component to managing as-build infrastructure. We build solutions that solve fundamental problems. We strive for minimal configuration and no customization. Our users rely on us to deliver a complete solution with their data. Solutions include all types of users and information. Our flagship solution, UVARA, is focused on the full lifecycle of assets mapping starting with the engineering-planning and construction phase and continues through operation and maintenance and financial planning. We understand and see the need to addresses the asset mapping challenges facing those responsible for commercial and public sector facilities including municipalities, educational institutions, utility companies, hospitals, and medical centers, and their architecture, engineering, contractor and risk management, commercial real estate and insurance partners.

What are the Benefits of Infrastructure Asset Management?

Infrastructure asset management, especially with a GIS and location intelligence, have many benefits.

Better forecasting and budgeting – By seeing the big picture below and above the ground ahead of time, you can make smarter decisions.

Better design and construction

  • With spatially accurate data about important infrastructure right at your fingertips, planners and designers can properly locate new assets in the right place the first time around.
  • Better construction outcomes
  • When all sub-contractors work from a common set of plans – a single source of truth – construction happens right on schedule.

Better maintenance and operations – An accurate and current visual picture of all your assets helps you prioritize and allocate resources wisely.

Fewer trips to your plan room – With all of your maps and information online in a single, secure platform, there’s no more wasted time on trips to plan room and less worry about losing documents.

Identify high-risk information gaps – We field check your information and help plug the holes in data. Confidence grows when your design, construction, and maintenance teams can easily identify missing information.

Preserve institutional knowledge – As a generation of professionals begins to retire or personnel change jobs, your institutional knowledge is preserved in a central repository accessible by the next generation of managers.

Reduce your liability – When you don’t see the big picture, costly mistakes happen. We help you reduce mishaps by delivering the most current information about what’s above, on and below the ground.

Better emergency preparedness and disaster planning – When a crisis happens, we bring order to chaos. Our platform can quickly share information about your facilities or asset with public safety and disaster recovery professionals.