Big Data, analytics and its impact on

asset managementDr John WentzelChief Executive OfficerDrake & Scull

4th Annual State Owned Assets Supervision and Administration Conference20-21 November 2013

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Words associated with data today

In 1999 the world produced 2.5 Exabyte

of unique information – the equivalent of 5

Libraries of Congress

Cloud

Virtualization

Sources of data in the world today

Data volumes are exploding

The amount of data produced in 1999 would not fit on this graph

Much of the new data will be machine

generated, including sensors

We are now in the era of Big Data

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

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

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?

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

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

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.

Thank You

Please feel free to contact me on jwentzel@drake-scull.co.za or via twitter

@johnwentzelceo