Abstract
As a testing ground for technology, the New Zealand microcosm is a stand out. In an age where many industries are vulnerable to disruptive innovation, a sustainable, integrated and entrepreneurial vision of digitally enabled asset management is vital. New Zealand is like a bridge between maturing Western economies and emerging Asian markets; with environmental values, a culture of sustainability and kaitiakitanga (stewardship), innovations that thrive in the diverse New Zealand paradigm are worth emulating. In our connected world, 5G and the internet of things are poised to explode the volume, velocity and variety of data. Survival may depend on an organisation’s ability to action knowledge from noisy, high dimensional data using machine learning. This is not as easy as it sounds; many challenges and barriers exist. This research proposes that by studying the emerging digital asset management trends in an educated and tech-savvy nation such as New Zealand, a clearer vision of how to allocate scarce resources can result. New value and exhilaration within organisations can be created so as to realise a myriad of sustainable opportunities.
Original language | English |
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Title of host publication | Advances in Asset Management and Condition Monitoring, COMADEM 2019 |
Editors | Andrew Ball, Len Gelman, B.K.N. Rao |
Publisher | Springer, Cham |
Pages | 183-193 |
Number of pages | 11 |
Volume | 166 |
ISBN (Electronic) | 3783030577452 |
ISBN (Print) | 9783030577445 |
DOIs | |
Publication status | Published - 28 Aug 2020 |
Event | 32nd International Congress and Exhibition on Conditioning Monitoring and Diagnostic Engineering Management Conference - University of Huddersfield, Huddersfield, United Kingdom Duration: 3 Sep 2019 → 5 Sep 2019 Conference number: 32 http://www.comadem2019.com/ (Link to Conference Website) |
Publication series
Name | Smart Innovation, Systems and Technologies |
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Publisher | Springer |
Volume | 166 |
ISSN (Print) | 2190-3018 |
ISSN (Electronic) | 2190-3026 |
Conference
Conference | 32nd International Congress and Exhibition on Conditioning Monitoring and Diagnostic Engineering Management Conference |
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Abbreviated title | COMADEM 2019 |
Country/Territory | United Kingdom |
City | Huddersfield |
Period | 3/09/19 → 5/09/19 |
Internet address |
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