SEMINAR: Seminar

How can we improve how organisations manage their assets to deliver desired performance? One area of focus is to understand which asset components fail, when, where and how, and what interventions might be put in place to avoid asset and system interruptions and/ or excessive costs. Assets, their sub-systems and components are part of a complex, often tightly coupled and dynamic system. Only now are we are starting to see “big data” available from our assets, characterised by high volume, high velocity and variety. How can we use this data intelligently and efficiently? This talk proposes that we need the insights that statisticians can provide. It uses cases from asset systems in the rail, mining and power sectors to illustrate typical challenges facing asset managers