Over the last few months, Geovation has worked with the utility industry to identify their biggest challenges in managing our underground assets. Whether you’re an entrepreneur, an innovator or a developer we’re now inviting you to come up with solutions to tackle these real-world problems using location data.
As a result of consultations with senior figures from utility companies, the owners of underground pipe and cable networks, and those responsible for their maintenance, 55 problem areas have been brought to the surface. These have been grouped into 4 themes: Asset Location, Asset Management & Maintenance, Stakeholder Impact and Predicting Asset Future.
It is thought that through improved asset management and operations and the digitisation of records, production could be increased by 15% and profitability by 20-30%. Also revealed was the value of sharing data between utility companies and innovators to effectively resolve problems.