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This is called asset management planning.
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In order to meet these requirements, an organisation must identify its needs and costs, and develop long-range financial plans. Asset management includes conducting an inventory of system assets, providing adequate staffing and training, performing preventative maintenance, and demonstrating adequate funding. One significant area where the use of data analytics is crucial is asset management. Current IT systems such as the real-time train information system (RTIS), the nation train enquiry system (NTES), and the control office application (COA) are some examples where data is being used to derive useful information.
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The existing data from the passenger reservation system, operating control, CCTV cameras at stations, maintenance depots and stores, can be used intelligently to yield business benefits in the above areas. Some of these applications include customer experience, train scheduling, timetabling, improving security at railway stations, automatic charting, network optimisation, crew management, inventory management, and IRCTC ticket management. There is a whole range of opportunities which IR can explore in the area of big data analytics. Using connected IoT sensors, historic data and analytics, the data can be turned into useful information to improve asset utilisation and availability. Big data analytics is a form of advanced analytics, which involves complex applications with elements such as predictive models, statistical algorithms and what-if analysis powered by high-performance analytics systems. Applications of data analytics in railwaysĭata analytics technologies and techniques provide a means to analyse data sets and draw conclusions about them which help organisations make informed business decisions. However, Indian Railways currently lack abilities to use this data to derive accurate, contextual, and actionable insights for its business. What this also means, from an operational analytics standpoint, is a lot of data. With route length of 95,981km, Indian Railway (IR) carried 1.2 billion tonnes of freight and 8.4 billion passengers during 2018-2019, making it the world’s largest passenger carrier and fourth largest freight carrier. Indian Railways is an organisation of such epic proportions that words such as ‘gigantic’ and ‘enormous’ seems inadequate.