The IET Innovation Awards 2015 (image)

18 November 2015 | The Brewery, London, UK


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Asset Management


Asset Management Award Winner 2015

Asset Management category winners 2015 (photo)

Exchange maintenance planning
BT plc

Researched and developed AI capabilities to forecast demand and plan the deployment of field resources to deliver networked-based services and maintain BT’s exchange infrastructure.

Asset Management shortlist (image)
These capabilities are in operational use and have led to service and productivity improvements. We have disseminated the innovation through research publications with our university collaborators.


The judging panel commented:

"The alignment of business objectives, operational effectiveness and productivity improvements has allowed this innovative application to enhance its Asset Management capabilities and offer significant benefits to BT and its customers."



Also shortlisted:

Mobile mapping for the entire asset lifecycle

Highways England has implemented a mobile-mapping initiative which is meeting the information requirements for numerous asset management processes.

It involves ongoing collection of imagery and LiDAR data covering 4,300 miles of highway, processed into a web based software tool enabling enterprise wide access, analysis and creating cost savings of £3m+.

Highways England

Asset Management shortlist (image)  

SAMS: A new scouting system to accelerate the repair of storm damage to power networks to get the customer back on supply and to stay safe

SAMS is the first innovative self service scouting system within the UK.

It enables scouts from all across the organisation to choose shifts, buddies and locations from their computer, pairs them up with a buddy, verifies the shift and sends confirmation of this via SMS and email directly to them.

UK Power Networks

Asset Management shortlist (image)  

New approach to repair of asset infrastructure

UK Power Networks has developed an innovative way of clearing cable joint defects in underground pits to keep the public and its employees safe.

The team modified an existing technique delivering a 400% cost saving on traditional methods and accelerating the programme to reduce this type of fault.

UK Power Networks

Asset Management shortlist (image)  

Viewsafe: the safety assured maintenance aperture for electrical switchgear

Viewsafe is a multifunctional device for safely condition monitoring live electrical switchgear and associated equipment at voltages up to 11kV.

Viewsafe allows operators to complete thermal imaging, partial discharge and visual inspection of live assets, ensuring the highest efficiency of asset performance is maintained, as well as operator safety.

Viewsafe Ltd

Asset Management shortlist (image)  


Asset Management information

Supported by the Institute of Asset Management



 Category scope

Entries to the Asset Management Innovation Award category are welcomed from organisations that have demonstrated innovation in Asset Management which has delivered financial, performance and risk reduction benefits.

The Asset Management category may include projects such as:

  • Development of Whole Life Asset Management tools to optimise capital investment, asset renewal or maintenance requirements
  • Risk-based approaches to maintenance or inspection
  • Innovative asset information systems supporting Asset Management decisions
  • Development of risk models to quantify financial, environmental and safety risks
  • Development of ‘operational readiness’ capabilities to plan for and respond to major incidents affecting the business and its customers
  • Novel approaches to asset and asset management performance measurement and related decision making
  • Novel approaches to competency and the development of asset management skills
  • Innovative use of asset knowledge to improve the reliability or efficiency of assets
  • New approaches to managing change as Asset Management is embedded in an organisation
  • Innovative asset information systems and asset knowledge enablers supporting Asset Management decisions
  • Novel approaches to Asset Management strategies and planning
  • Fresh approaches to aging assets and strategies e.g. embedding new components into legacy systems to mitigate against broader asset lifecycle costs

Judges will look for originality and will place significant emphasis on the contribution made to whole life asset management, risk management and the impact on business performance. Other factors include progress with implementation, integration into the business and the contribution to asset knowledge.