Big Data, Analytics & its impact on asset management
Big Data, analytics and
its impact on asset
Dr John Wentzel
Chief Executive Officer
Drake & Scull
4th Annual State Owned Assets Supervision and Administration Conference
20-21 November 2013
Words associated with data today
In 1999 the world
produced 2.5 Exabyte of
unique information – the
equivalent of 5 Libraries of
The concept of Big Data
By 2020 the volume of data
generated will fill 3 Libraries of
Congress every second
Combing these aspects of Big
Data will allow extraction of
value using new management
What can Big Data do?
Using machine sensors, climate data and
user energy demand, turbines can be placed
and managed for optimal efficiency
Using networked river sensors measuring
variables in real time officials can improve
resource management & react to problems.
Using data & remote sensors, KTH has
reduced traffic congestion by 20%, travel
times by 50% and emissions by 10%.
Big Data in facilities management?
What if you could combine access control
data, weather data, air-conditioning performance
and automatically adjust performance to save
What if, using remote smart sensors, GIS coordinates, 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
Increased demands for proof of regulatory compliance
Requirement to stretch spend further
All of these challenges
require the use,
interpretation of data
Societal pressure to demonstrate sensitivity to the environment
Fighting fraud & corruption
Citizens seeking evidence of improved delivery
Embracing Big Data has
the potential to help
address all of these
The way forward with Big Data
Treat data as an asset in
the same way that a
physical asset is treated
Consider piloting, on a
small scale, using data in
in asset management
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
• 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.
Please feel free to contact me on email@example.com or via twitter @johnwentzelceo