AI and Railways: Taking asset performance to new heights

Discover insightful perspectives and findings about the impact of AI on rail asset management gained from in-depth interviews with key industry stakeholders. Document downloaden

Rail Asset Management | WhitepaperAI and Railways: Taking assetperformance to new heights
2 | 17Tableof contents4 Transforming rail assetmanagement with AI5 Staying on the right track tohigh-performing rail assets13 Showing the value14 Preparing to overcome barriersand challenges16 Realizing the promise of AIwith a relevant, reliable, andresponsible partner
3 | 17AI and Railways: Taking asset performance to new heightsAI holds transformative potential for therailway industry, offering improvementsacross various domains. One domainripe for AI-enabled transformation is railasset management. With the right mix ofinsight, expertise, and tools, their use ofAI can become incredibly transformative –building a foundation that will reshape railasset management.
4 | 17AI and Railways: Taking asset performance to new heightsTransforming rail asset management with AIAI evangelists, data scientists, enterprise architects,business process owners, project managers, anddevelopers already understand the value of AI.Meanwhile, other stakeholders might be lessenthusiastic because adopting AI is consideredchallenging – requiring careful planning, cross-departmental collaboration, and significantorganizational changes including shifts in work-flows, processes, and job roles.Railway organizations are no strangers to thisreality. However, they also know that resistance tosuch change – from cultural barriers to lack ofstakeholder buy-in – can hinder successfulimplementation. The future of their industry relieson building a workforce that thoroughly under-stands AI’s capabilities and limitations, clearlyarticulates business needs, and quickly adoptsnew technologies and innovations.SAP commissioned a survey to unravel the truevalue of using AI in rail asset management.Conducted in December 2023, a series ofin-depth interviews with key industry stakeholdersuncovered insightful perspectives and findingson the following topics: Current business practices in AI adoption Areas of improvement for asset management Perceived value of AI and strategies forrealizing them Business and IT skills necessary for effectiveAI-enabled practices Technology considerations for datamanagement, integration, and protection Future rail industry vision for AI in assetmanagement within the next 5–10 years
5 | 17AI and Railways: Taking asset performance to new heightsStaying on the right track tohigh-performing rail assetsHigh-performing rail assets are vital to achievingrailway performance excellence. Railways facetwo unique asset management complexities: On-time delivery: Freight and passengers getto their destination in good condition and withinagreed timelines. Capacity planning: The utilization of rollingstock and network assets is maximized.Stir in safety and an increasing number of govern-ment regulations that require compliance, andthe overall picture becomes clear. There is arelentless drive to do more with less in an increas-ingly risk-averse private and public environment.Interviewed rail organizations consider AI as akey technology enabler to improve customerexperience and asset utilization.In our exploration, industry experts shed lighton specific asset management focus areas andscenarios where AI is poised to make a significantimpact (see Figure 1). The consensus is that AIwill greatly enhance the generation of dynamicmaintenance demand and maintenance planning,approval, and orchestration.Asset performance management, maintenancescheduling, and dispatch and asset registermanagement will also benefit significantly.Mobile execution is expected to yield mediumto high benefits from AI.Figure 1: Top rail asset management focus areas for AI-enabled transformationLow Med High Very HighGeneration of dynamicmaintenance demand 9 9 45 36Maintenance planning,approval, and orchestration 0 27 36 36Asset performancemanagement 25 13 25 38Maintenance schedulingand dispatch 11 44 44 0Asset register management 33 22 44 0Mobile execution 29 29 43 0IMPACT SCORE343422211915Response Ranking (%)