Data

Estates and Infrastructure Data

“Our mission is to transform diverse and complex data to support accurate intelligent decision making”

The role of Estates and Infrastructure Data (E&ID) is to support the infrastructure bond market by the capture and transformation of asset related data throughout the life-cycle of an infrastructure project. This in turn helps reduce pricing risk. Access to performance related data will provide project Issuers and Investors transparency and avoid potential underfunding or possible completion delays.

It is evident that the value of construction data across the industry is still in its infancy and therefore a huge gap in the market exists. Estates and Infrastructure Data has recognised the need for tools that will address this issue.

The Challenge

Today, it is recognised that investment in existing infrastructure is substantially greater than investment in new infrastructure development. In the UK new infrastructure represents less than 0.5% per annum of total expenditure in the sector. The key concerns are therefore to maximise values from existing infrastructure.

Due to the complexity of the construction industry, the process of data and information management is a major challenge. Data is often siloed within enterprise systems such as design management, risk management and procurement processes with little interoperability between them. This challenge grows in magnitude when considering the difficulty of infrastructure projects.

Construction projects produce a vast amount of data. Due to the lack of common data governance and frameworks in use, the process of managing the data can be overwhelming and can manifest itself into manual and ad-hoc processes that are inefficient in nature and provide little to no validation or quality control checks. Furthermore, without clear governance, data is often stored in inaccessible locations.

All of the issues above highlight that there is little transparency overall in the industry and little to no evaluation or peer performance review possible, specifically when considering that data should determine the outcome of investment and procurement decisions.