In a recent survey of rail industry executives about the future of digitization in rail operations, it is not a surprise to see that 100 percent of respondents expect digital investments to reap a positive change for their businesses in the short term. The more interesting factor lies within how they expect the change to take shape.
Specifically, the industry sees the highest potential for digitization coming within the specific areas of train control and asset maintenance; there is less enthusiasm, however, for the role of digital change within infrastructure and rolling stock itself. Do you agree – take our 2 min survey here.
From this, we can infer a number of potential digitization gains that loom largest in the minds of rail operators. Notably, they seek:
Better Turnaround Time – due to the high volume nature of rail transport and especially public transit, asset downtime significantly affects the level of service and exposes visible shortcomings in the public eye. If an operator can use a digital approach to alter the dynamics of maintenance turnaround, it surely will.
Safety – Operational safety is at a premium in the high-passenger-volume arena of public transit. Small issues can quickly turn into outsized negative effects. Executives see digitization as a very real avenue to bolster their safety metrics.
Workforce Education and Expertise – Like many of its industrial peers, the rail sector is not immune to the effects of an aging workforce. Workers with 30+ yrs of experience are poised to take the information they hold in their brains with them when they retire unless organizations find an efficient way to capture and standardize it. Digitization can accelerate and bolster the process of transferring knowledge and training younger workers with “on the job” insight and instructions.
48 percent of rail industry executives see an unbelievably high potential for digitally supported maintenance. Tego has a cost-effective, easy to install solution – to learn about Tego’s asset intelligence platform for transforming rail maintenance and life cycle operations, visit this page.
To schedule a demo and see if Tego can improve the performance of your rail organization, contact us here.