Asset Vision was a sponser at the Victorian Transport Infrastructure Conference, held at the Melbourne Convention and Exhibition Centre between 23rd and 24th of February 2022.

Represented by Chris Wignall (Head of Sales), Babak Bigdeli (Head of Products and Innovation) and Bernie Wells (Service Delivery Manager), our team had a great time networking with transport and infrastructure professionals from around Australia and showing of our Asset Vision intelligent asset management platform.

More information on the conference can be found here:
https://www.vicinfrastructure.com.au/

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ServiceStream is an S&P/ASX 300 listed business providing integrated end-to-end asset life-cycle services to utility, telecommunications and transport asset owners, operators and regulators across Australia. They specialise in the design, construction, operation and maintenance of assets across these networks, delivering a range of services across power, gas, water and renewable energy utilities, roads, rail, ITS, and fixed and wireless telecommunication networks.

ServiceStream will migrate two important Victorian maintenance contracts across to Asset Vision by June 2022.

Peninsula Link is a toll-free 27 kilometre road link between EastLink at Carrum Downs and the Mornington Peninsula freeway at Mount Martha. The road link is operated and maintained by Service Stream on behalf of Southern Way for a period of 25 years. At the end of this term, the road and all assets will be returned to the State for ongoing management.

The Borough of Queenscliffe is a local government area in the Barwon South West region of Victoria, Australia, located in the southern part of the state.

We are excited to have ServiceStream select Asset Vision for these important contracts and look forward to working with the team to play our part in keeping these contracts operating safely and efficiently.

More information on Service Stream can be found here:
https://www.servicestream.com.au/

More information on Peninsula Link can be found here:
https://peninsulalink.com.au/

More information on the Borough of Queenscliffe can be found here:
https://www.queenscliffe.vic.gov.au/

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The Department of Primary Industries and Regional Development (DPIRD) in Western Australia has awarded Asset Vision a two-year contract for the provision of a Strategic Asset Information Management System and its related installation, configuration, data conversion/migration, implementation, training and ongoing support services. The establishment of the Strategic Asset Information Management System is a major deliverable from the DPRID Strategic Asset team to deliver under its business plan. Asset Management plays a critical role in underpinning the delivery of DPIRD’s service objectives in the Primary Industry Plan.

Western Australia’s primary industries – including agriculture, commercial fisheries and aquaculture – provide jobs and exports, and underpin a growing food industry and other agribusinesses. Western Australia’s fisheries also support a thriving recreational fishing sector and regional tourism.

The Department of Primary Industries and Regional Development (DPIRD) works to protect the sustainability of natural resources and accelerate ongoing economic growth, job creation and regional development. An important part of their role is to support the growth of strong regional communities that are desirable places to live, work and invest.

We look forward to working with DPIRD and more broadly with the Government of Western Australia.

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The Shire of East Pilbara has awarded Asset Vision a multi-year contract for the provision of an asset management software system and its related installation, configuration, data conversion/migration, implementation, training and ongoing support services.

Known as the largest Shire in Australia, the Shire of East Pilbara covers approximately 372,571 square kilometres; larger than Victoria and Tasmania combined. Driving will take 2 days to cross from east to west and 6 hours from north to south. It’s main town sites are Newman, Marble Bar and Nullagine, with a number of Aboriginal Communities namely Jigalong, Punmu and Parngurr, Irrungadji and Parnpajinya.

Asset Vision will be used to manage Council assets, across its various facilities and infrastructure. These assets include buildings, roads, paths, drainage, parks, playgrounds and recreational facilities, as well as an airport and waste water treatment plant. The Shire of East Pilbara identified the need for an asset management software system to support the cost effective management of Council assets, and following a competitive tender process, Asset Vision was awarded a multi-year contract in January 2022.

We look forward to working with the Shire of East Pilbara on this exciting project, as we set our sights on an April 2022 go live.

More information on the Shire of East Pilbara can be found here:
https://www.eastpilbara.wa.gov.au/

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Highlights:

  • Department of Transport (DoT) Victoria has been a client of Asset Vision since 2013, using our platform across Metropolitan and Regional Victoria
  • DoT Victoria’s AI Driven Rapid Asset Inventory and Condition Assessment submission has been announced as a Finalist in Gartner’s Eye on Innovation Awards for Government 2021
  • Gartner Inc (Gartner) is a leading global technology research and consulting firm that provides advice and insight to companies and governments worldwide
  • The submission focuses on DoT Victoria’s use of Asset Vision’s recently acquired “EaglEye” technology (AI-powered Asset and Pavement Defect detection)
  • This award recognises government driven initiatives across the world that make innovative use of data and emerging technologies

The award category recognises government initiatives that make innovative use of data and emerging technologies to tangibly advance their progress toward digital government. All submissions are assessed by Gartner, and finalists are selected by benchmarking against world-class performance standards.

DoT Victoria has been recognised as a finalist for the award, alongside submissions from Singapore and Taiwan which is an incredible achievement. We are really excited that the core of the submission involves the use of our AI-powered Asset and Pavement Defect detection solution EaglEye, and it is great to see our technology showcased on the world stage.

In early 2020, the DoT Victoria and their Alliance Partner DM Roads wanted to make a difference. They saw an opportunity to leverage emerging technology that would allow them to make a true paradigm shift when it came to effectively capturing the data required for road maintenance. This technology would make existing approaches for identification of assets redundant, and would help direct the limited road maintenance budgets to those areas of greatest concern. Under the direction of DoT, DM Roads undertook a detailed analysis of the market, and selected EaglEye as the technology partner most likely to deliver on the vision of the Alliance.

By mid-2020, the Alliance utilised EaglEye to automatically detect, categorise and condition rate road assets and pavement defects. This then allowed the asset management teams to understand the current state of the road network, and to direct limited resources to target those locations where remedial works are required.

Capturing assets and road defects with cameras and artificial intelligence means inspectors no longer need to leave their vehicles and can instead travel at the speed of the traffic, leading to significant safety improvements and time saving. For the DoT Victoria, this approach is transforming the way they think about maintaining Victoria’s road network and provides a sound set of base data to accurately evaluate both the short and long-term planning required to maintain the network to the level expected by the community and road users.

Following our acquisition of EagleSoft in July 2021, our team continues to work hard to integrate this incredible technology into the Asset Vision Platform, and deliver a full end to end Intelligent Asset Management Platform to the market.

An overview of DoT Victoria’s submission can be viewed via this link: https://youtu.be/XAa5MkwAjP4

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Highlights:

  • Expands our international presence to New Zealand
  • First win for EagleSoft technology in an existing Asset Vision client
  • Adds infrastructure asset audits as a new service offering
  • Accelerates the integration of EagleSoft’s AI-powered, Inventory and Defect Detection capability into the Asset Vision platform.

Asset Vision’s CEO, Damian Smith commented on the wins:

“We are extremely happy with the way our newly acquired EagleSoft technology and its people have enhanced the overall Asset Vision solution. These contract wins tell a much bigger story than the initial revenue value they represent. One of these contracts positions EagleSoft’s automated inventory and defect detection capability to be utilised during the bid process for a large road maintenance contract in New Zealand. If the bid is successful, this could lead to a much larger ongoing engagement.”

“In addition to the win in New Zealand, EagleSoft won a piece of work with one of their existing clients to undertake an audit of road safety barriers. This represents a new service that we can now provide to other clients.”

“Finally, we are thrilled that EagleSoft will be used alongside Asset Vision on a selection of Ventia’s maintenance contracts in Victoria, NSW and Queensland; a powerful test of our end-to-end Intelligent Asset Management Platform. I am confident this will pave the way to extend EagleSoft’s use across more than 120,000 kilometres of road network currently maintained within Asset Vision.”


Read the full ASX announcement here:
https://futurefirsttech.io/_files/pdfs/asx-announcement—international-expansion-with-contracts-wins-ain-nz-and-australia.pdfav-esa.pdf

Asset Vision has achieved International Organisation for Standardisation (ISO) Certification for the following standards:

  • ISO 14001:2015 Environmental Management System (EMS)
  • ISO 45001:2018 Occupational Health and Safety Management System (OH&S)
  • ISO 9001:2015 Quality Management System (QMS)

Clients are placing an increasing importance on ISO Certification when awarding contracts. We see certification to these standards as critical when it comes to bidding for larger contracts and believe it will add to our competitive advantage over organisations who do not hold these certifications. Further, certification to these four ISO standards demonstrates our commitment to building a business that can compete on any stage globally.

ISO 27001:2013 – The increasing number of cyber related attacks has put data security and privacy in the spotlight and having a robust ISMS helps mitigate the risks associated with such attacks. Certification demonstrates that the ISMS Asset Vision has in place meets international standards and will give our current and future clients confidence that their data is protected. The management of data is critical to remaining compliant with the regulatory bodies and ensuring we are taking our responsibility as custodians of that data seriously.

ISO 14001:2015 – The issue of climate change and global warming is having an increasing impact on purchasing decisions and we only see this trend gaining momentum. Certification for our EMS demonstrates our commitment to minimising our impact on the environment. In North America, where we currently have a small revenue footprint, we are seeing an increasing focus in this area. We believe certification to these standards is socially responsible and critical when it comes to bidding for, and ultimately winning, new contracts.

ISO 45001:2018 – Where Data Security and Privacy (ISO 27001) and Environmental Impact (ISO 14001) have gained industry attention, so too has OH&S. Promoting a healthy working environment and ensuring we address legal, ethical and industrial relations concerns regarding worker safety, addresses our duty of care to our people. Importantly, it also communicates to our clients the commitment we have to our people against internationally recognised standards.

ISO 9001:2015 – Globally, the most recognised QMS standard aimed at helping organisations meet the needs of their customers and other stakeholders more effectively. The ability to reinforce quality processes is powerful and a clear demonstration of our internal company maturity. ISO 9001 certification remains a requirement in many tender processes, so certification is important to our ability to bid for and win work.

The certification process has involved months of internal work and a number of independent external audits and is part of our clear intention to build a global footprint for Asset Vision’s Intelligent Asset Management Platform.

Read the full ASX announcement here

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In December 2020, Ventia was awarded the nine-year Sydney Roads Asset Performance (SRAP) contract by Transport for NSW (TfNSW). This contract went live on July 1st and was another important milestone for Asset Vision. The implementation showcased our ability to design, build and implement changes in a short time frame to address client requirements that, we believe, our competitors lack the level of agility and flexibility to achieve.

The SRAP contract provided the opportunity to design and build two important integration capabilities into the core of Asset Vision’s platform. Asset Vision Cloud Services enables third party systems to integrate securely in real-time with Asset Vision. Asset Vision Cloud Services was key to our SRAP implementation and was utilised to integrate Asset Vision with SAP® and ClickSoftware.

SAP® is the world’s largest provider of Enterprise Application Software and ClickSoftware is a leader in field service management solutions. Click Software was acquired by Salesforce.com in October 2019. The ability to integrate with these global platforms and others, opens further sales opportunities for Asset Vision.

Asset Vision Data Services was the second important data integration capability designed, built and delivered during this project. Our data integration capability provides Ventia with an up-to-date reporting database that can be directly accessed by their Data and Business Intelligence (BI) teams and integrates into Ventia’s data lake for business critical KPI reporting.

Asset Vision CEO, Damian Smith commented – “We have worked incredibly well with Ventia’s solution architects, project teams and the wider business to further enhance our platform, particularly in relation to the new integration capabilities. We’re proud to have two of our major clients working seamlessly together on our Asset Vision Platform, which is now firmly placed at the centre of Ventia’s Integrated Transport Enterprise Asset Management Solution.”

Read the full announcement here

Ventia is one of the largest essential services providers in Australia and New Zealand. Ventia is an independent partnership between funds managed by affiliates of Apollo Global Management and the CIMIC Group and was created in 2015 following the merger of Leighton Contractors Services division, Thiess Services and Visionstream.

In 2020, Ventia grew to combine more than 50 years’ of industry knowledge and experience with the acquisition of Broadspectrum (formally Transfield Services) and today has over 35,000 talented people and subcontractors across Australia and New Zealand.

For more information on Ventia, please visit:
https://www.ventia.com/

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DM Roads is the name of Downer EDI Limited (ASX:DOW) road network management and maintenance business in Australia, delivering road network management since 1997. DM Roads expertise has been developed over more than 20 years and has helped to make DM Roads one of Australia’s largest road maintenance provider, managing 36,000 kilometres of road across Australia.

DM Roads delivers market-leading solutions in road network management, asset management, routine maintenance, capital works, intelligent transport systems (ITS) and smart city infrastructure, that go beyond simply maintaining the road network today. EagleSoft’s EaglEye supports the innovation that DM Roads brings to their contracts, delivering ever-increasing value to their clients and road network users.

Regional Roads Victoria (RRV) was established in September 2018 to respond to community needs, focus on regional issues and improve the condition of regional roads. On 1 July 2019, RRV and VicRoads came together with Public Transport Victoria (PTV) and the Department of Transport to form a new integrated Department of Transport.

This new contract, to perform further analysis of the road network in the North Eastern Region in Victoria, continues the strong partnership EagleSoft has built with DM Roads.

Asset Vision CEO, Damian Smith, commented:- “This contract win validates what we see in Eaglesoft’s technology and the future opportunities that we anticipate will unfold. Our collective footprint across Victoria has been strengthened by this contract win, and as we integrate Eaglesoft technology seamlessly with Asset Vision over the coming months, we expect further opportunities will present themselves with our existing clients.”

Read the full announcement here

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EagleSoft is one of a limited number of technology companies globally to have successfully built and implemented an Intelligent Data Capture Platform that automatically detects both road defects and asset inventory using Artificial Intelligence (AI), Machine Learning (ML), Deep Learning (DL) and Neural Network (NN) techniques from High-Definition video footage. This capability can extend to other point and linear asset types, with EagleSoft working to introduce this automated analysis capability into other sectors in the transport industry.

EagleSoft’s technology solution accelerates Asset Vision’s Roadmap to build the world’s first Intelligent Asset Management (IAM) Platform for Transport. For our existing and future customers, it means a more efficient and cost-effective means of analysing road conditions, making it possible to optimise planning, repair roads faster and improve road safety for the community.

EagleSoft’s Managing Director, Chris Mahoney along with Managing Partners, Babak Bigdeli and Ebrahim Heydarnia, will head up EagleSoft’s ongoing operations, which will include accelerating Asset Vision’s roadmap and integrating EaglEye seamlessly into our “world first” IAM Platform for Transport.

Mr Mahoney commented – “Providing Asset Vision’s existing clients with the ability to leverage and integrate our EaglEye solution with Asset Vision’s Intelligent Asset Management Platform gives us the ability to significantly grow our revenue base as we move from successful trials to full commercialisation. While we will continue to service existing and new clients who use their own asset management tools, integrating our solution into Asset Vision is a natural progression and our team is excited by that and the opportunities that lie ahead.”

Damian Smith – Asset Vision’s Founder and CEO commented – “Our goal to be the number one Intelligent Asset Management Platform for Transport globally has always required a robust and automated solution to handle intelligent data capture through the use of AI and ML. It is crystal clear that this is where the future is headed, and this acquisition positions Asset Vision as a true leader in this space. Innovating and thinking differently is part of our DNA, and this is an exciting time for our people and our clients.”


Read the full announcement on the EagleSoft acquisition here:
https://futurefirsttech.io/_files/av-esa.pdf


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