Impacts of Reduced Ridership and Covid-19 on Asset Management

The global impact of the corona virus on transportation systems has resulted in reduced ridership and massive revenue losses since March of this year. In Madrid, Spain, for example, public transport usage was 67% lower on March 19 (with corona) than January 15 (pre-corona). The same applies to for example Paris, France (-55%) and Seattle, US (-53%). Cordence Worldwide member firms are helping organizations around the world navigate the crisis. In early August, we coordinated a successful International Peer Roundtable of leaders from transportation organizations to discuss asset management impacts on their respective systems.

Participants included the Metropolitan Transit Authority (MTA) in New York, representatives from the City of Amsterdam, Banedanmark in Copenhagen, Denmark, and the Port of Gothenburg, in Sweden. The facilitated discussion triggered robust discussions on current challenges, adaptive strategies, solutions, and opportunities.

As a result of the corona virus, participants pointed to changes in the way maintenance is done. In a situation where people are working from home and limiting human contact, new initiatives emerged in which tools such as iPads or drones are increasingly used for maintenance activities (e.g. inspections). The participants recognized a global shift from a traditional infrastructure organization into a more data-driven organization, to take advantage of new technologies such as drones and sensors.

Learn more

  • 15 . 09 . 22

    The transition of energy intensive industries and the role of Public-Private Partnerships

    Public-Private Partnerships (PPP) are key in reaching the decarbonizing goals of the energy-intensive industry. In the Netherlands, the government takes on a coordinating and facilitating role towards PPP’s. What can we learn from the Netherlands and what makes this PPP strategy so unique? The Dutch government has a long history in creating PPP’s and aims […]
    Read more
  • 13 . 04 . 22

    Cordence Worldwide International Asset Management Conference

    We have conducted our first Cordence Worldwide International Asset Management conference after two successful international peer round-tables with leaders on Asset Management (Asset Management in Public Transport: “How do you realize value with predictive strategies?”, “The data maturity journey from planned to predictive maintenance”). This event brought together experts from Horváth, Twynstra Gudde, North Highland, […]
    Read more
  • 02 . 12 . 21

    Using AI to Detect Cyber Incursions – How cyber secure are you?

    Did you know that in Australia, a cyber-attack occurs on critical infrastructure every 32 minutes? Did you know that around 45% of cyber attacks come from current or past employees? State of Matter hosted a webinar for the Australian audience in November on the topic of “Using innovative AI to detect cyber incursions” with guest […]
    Read more
  • 01 . 12 . 21

    Asset management in public transport: How do you realize value with predictive strategies?

    Introduction Implementing, structuring, and managing data for automation / infrastructure can be a challenge. Despite the challenge, many organisations want to transform their traditional infrastructure organisation into a data-driven organisation. They do so because of an ambition to progress from planned to predictive maintenance, to take advantage of new technologies, such as drones and sensors, […]
    Read more
  • 03 . 11 . 21

    Cordence Worldwide Executives gather in Paris to get ahead of what’s next

    Cordence Worldwide Executives gathered in Paris last week for a hybrid meeting to shape the strategies and solutions to help their clients get ahead of what’s next. Living the reality of post-pandemic ways of working, Cordence Member firms in Europe met in person, with member firms from AsiaPac and the Americas participating virtually. This hybrid […]
    Read more
  • 03 . 11 . 21

    Cordence Festival 2021: That’s a Wrap!

    The First Cordence Festival 2021 came at a time when we haven’t been able to meet for over a year, but in the four days of the Festival, the member firms and the Cordence team were more connected than ever. In more than 25 sessions our member firms showed the power of Cordence and their […]
    Read more
  • 01 . 04 . 21

    Asset Management in Public Transport: The Data Maturity Journey from Planned to Predictive Maintenance

    Introduction In a rapidly modernizing world, many organisations aim to transform their traditional infrastructure organisation into a dynamic, data-driven one. They are propelled by an ambition to progress from planned to predictive maintenance, maximize their budgets and financial efficiency, and take advantage of new technologies. Information systems, based on data, make better and faster decisions […]
    Read more
  • 04 . 03 . 21

    Managed Services Pods Are A Slam Dunk

    Looking for a better way to build teams, embed expertise and unlock rapid value in Managed Services?

    Cordence partner North Highland shares how Managed Services Pods are a Slam Dunk.

    Read more