Welcome to our new Australasian, North American and European visitors and a little background to our site.
In September 2014, and after twenty years and 400 issues, we ceased publication of Strategic Asset Management, a fortnightly guide for asset management practitioners and policy makers. Many others were now in a better position to continue development of the asset management issues but there was something important that was not being addressed. So we created “Talking Infrastructure”, a not-for-profit organisation, and started this blog.
What is that important thing ? The launch of ISO 55,000 in January 2014 was a milestone in asset management development but, when it comes to goals, we are making assumptions for which there is really little evidence. Asset managers are urged to align their activities to reach their organisational goals. This is very reasonable and indeed there can be no objection. Except that…
As any asset manager can tell you, they often have no idea what the real objectives of their organisations are, for these objectives are frequently so poorly developed, badly expressed and inarticulately communicated, that when it comes to aligning activities, they really have very little guidance.
Estimates of ‘stranded assets’ – assets that are non-functional, or obsolete – vary, but they already run into the billions, and some estimates are in the trillions, of dollars – and all estimates are set to increase in the future if we continue to build infrastructure according to old concepts and principles. To avoid this, we need to rethink the entire role of infrastructure and its place in a future digital world, a world moreover facing significant environmental and demographic challenges.
These challenges are what we describe in The Third Asset Management Revolution.
The action steps resulting are addressed in our post Talking Infrastructure Rationale
Welcome to the future of infrastructure decision making! Ideas appreciated.
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