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Predict asset failure using statistical deterioration curves and customer data (unique or global).
We could use the existing model library from the IAP desktop and implement Herz and Weibull curves to start.
Especially valuable for water customers who do not have condition data readily available through inspections.
I'm interested in what your thoughts are on developing a "light-weight" deterioration modeling tool in which users will assign assets to cohort(s), apply the parameters that define the deterioration/failure curve, and then assign cohorts to the different curves. This would provide lifetime estimates. This could initially lead onto a full deterioration modeling experience in the same vein as what is currently available in InfoAsset Planner and InfoAsset Manager.
Having this feature will be attractive to customers in ANZ