In today's fast-paced and ever-changing world, it's crucial for businesses to make informed decisions about their assets in order to stay competitive and meet the demands of their customers.
But how can companies ensure they have the right information at the right time to make those decisions? Rennie Chadwick, Transport Sector Team Lead at Cohesive, explains how the company helps infrastructure managers and rolling stock operators understand more about their assets and how digital techniques can play a big part in effective decision making.
The digital transformation of rail is a means to an end for Cohesive’s clients, according to Chadwick. “Our work is with owner/operators of rail infrastructure and rolling stock, therefore we see digital transformation as a means to helping them achieve their outcomes. These outcomes can be collected into three broad groups: financial, customer service, and ESG (Environmental, Social, and Governance),” he says.
One of the key ways Cohesive helps its clients better understand their assets is by providing answers to important questions such as: What assets do I have? Where are they? What condition is the asset in and how does this affect the system or network that the asset is part of? How is the condition of my asset changing with time? Is my asset performing as I would expect and need?
The answers to these questions can inform decision making on the need for action and the options available. Cohesive provides these answers using digital techniques to connect data collection with decision makers, and adding value to the data through effective processes and predictive analytics.
Working in a full asset lifecycle partnership with Cohesive clients delivers three key benefits, according to Chadwick: building a relationship of trust, bringing fresh perspective and innovation from other sectors, and a relentless focus on continuous improvement.
“Our extensive experience, working with other asset intensive owner/operators around the globe, enables us to bring fresh perspective and innovation from other sectors. A relentless focus on continuous improvement. Our people are motivated by continually finding ways to deliver ‘better’ for our clients, whatever shape that takes,” he says.
As the world becomes increasingly digital and data-driven, it’s more important than ever for businesses to understand their assets in order to make informed decisions. Cohesive’s expertise in providing answers to important questions about assets, using digital techniques and a focus on continuous improvement, helps its clients stay ahead of the curve in today’s competitive marketplace.