From Fragmentation to Framework: Advancing IoT enabled Asset Management in the Rail Sector
- Publisher:
- Institute of Electrical and Electronics Engineers (IEEE)
- Publication Type:
- Conference Proceeding
- Citation:
- 2025 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM), 2025, 00, pp. 0400-0404
- Issue Date:
- 2025-12-10
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The Australian rail sector is a critical enabler of national economic productivity, especially in mining and resource logistics. Ensuring the availability, reliability, and performance of rolling stock assets such as locomotives and wagons is fundamental to maintaining competitiveness in global commodity markets. However, asset management practices across the sector are marked by fragmentation, data silos, and inconsistent adoption of digital technologies, particularly those leveraging the Internet of Things (IoT). This research first analyses the current state of IoT-enabled asset management in the Australian rail sector, using a combined lens of the ISO 55000 Asset Management Standard and IoT technologies to identify strategic gaps and opportunities. The analysis reveals a critical need for a unified, standards-aligned approach that effectively integrates technological innovation with strategic asset management practices. In response, the study proposes an integrated conceptual framework to enhance strategic alignment through IoT enabled asset management. Overall, this research contributes valuable insights into the digital transformation of asset management in the rail industry, addressing the systemic challenges of integration, standardization, and long-term strategic planning.
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