NEM Solutions

The Rise of IoT & Big Data in Rail

By May 30, 2019 No Comments

What an intense 2 days conference at Munich IoT & Big Data Rail! Glad to see many familiar faces and the chance to meet the best in class rail companies committed to high levels of future growth. The digital era and the investment in data is now indisputable.

Conferences are a good occasion to share how we envision these challenges, but what we most enjoyed was the time we spent gathering and sharing information. So, Day 2 we lead the Roundtable Workshop on “How to ensure a successful Predictive Maintenance Implementation applied to Rolling Stock assets”. It was also nice to see NEM Solutions A.U.R.A. Technology as part of pioneer ecosystems in the market.

However, how to optimise these methods is still unclear. How to separate meaningful data from the mass and how to monetize and make data valuable. It is not just about acquiring a software, but having a clear strategy and making adjustments to the team to convert the strategy into a reality. “Culture eats strategy for breakfast”.

Some of the main conclusions of NEMers on the event:

“Predictive analytics is no longer a futuristic concept, it is a reality. But, you must be aware of where you are, which is your target and how can you achieve it” by Mikel Martin, COO.

There is a quote we really like from this conference, that says: “Stop starting, start finishing”. The only competitor, is  your reaction time.

Looking forward to seeing you all again!