Every business decision is, in essence, based on data so it is incredibly important to have good quality up-to-date asset data. In this panel discussion, the participants - Richard Wakelen, Head of Asset Strategy & Performance, UK Power Networks, Dr Paul M Gibbons, Asset Management Principal, Gatwick Airport and Geraint Laidlaw-Wilson, Engineering Manager – Asset Management Information Systems (AMIS)/Stores. Gatwick Airport - talk about the tools, processes and technologies they have put in place to ensure the quality, integrity and security of their data. They also discussed how they have dealt with the challenge of collecting, analysing and integrating different types of data to inform the business strategy.
In this case study, Jim Lightfoot, COO of E.ON Generation shared insights into the changes E.ON have made over the past few years in response to external factors, whether profitability challenges, regulations or political landscape changes.. These changes vary but include re-negotiating contracts with key suppliers, focusing on new revenue streams and operating profitable assets differently to increase the return of investment.
In this case study presentation, Mel Karam, Director of Asset Management at Southern Water, explained how they have adapted their asset management approach and planned to incorporate customer feedback. Mel also elucidated the next step to share insights into how they will actually deliver this plan based on customer feedback in practice and how to measure this.
Asset management leaders recognise that they need to be more strategic when it comes to managing risk. They want effective, efficient, but also safe and secure operations. Peter Chambers, Group Head Asset Care, Dublin Airport gave a detailed insight on the risk assessment and the way Dublin Airport restructured the company strategy around the new regulations, which allowed the airport to cut costs and improve the asset delivery. In addition, Rian Kloosterman, Senior Strategic Policy Advisor on Asset Management, Vitens instead provided the point of view of the public sector by examining engineering and social, psychological and scientific approaches to risk management and the way predictive methods can feed into a better risk management strategy.
This panel, Petr Stulc, Head of Group Asset Management, CEZ Czech Republic and Ian Costigan, Asset Management Director, Manchester Airports Group, exposed the audience to innovative industry best practice in setting a coordinated asset management strategy – including aligning the asset management strategy of the company with customer experience requirements and the wider organisational objectives.