Black & Veatch has announced the appointment of a new director of asset management aimed at enhancing the company’s asset management offering.
The firm said it was continuing with the strategic growth in its Europe Asset Management business with the appointment of Mark Kaney as Director of Asset Management.
According to Black & Veatch, his appointment will help clients embed enterprise-wide smart asset management programmes.
“The speed of technological development, and the falling cost of effective data and analytics solutions, mean the value of embedding good asset management thinking is becoming more prevalent. The programmes which realise the greatest benefits are those embedded enterprise wide: from boardroom to control room,” Kaney said.
To help Black & Veatch’s clients achieve this he will be drawing upon 20 years’ experience in the utility sector, working for utility companies and their consulting partners.
Kaney’s last role, as both Asset Management Director and Head of Digital Development, means he is well placed to help clients maximise the potential of data and digital tools to support their asset management goals.
“Black & Veatch is a technology led company. It has outstanding knowledge of the ways in which digital technologies can enhance asset management and how they can be integrated to create the solution best suited to clients’ needs,” Kaney added.
Black & Veatch’s understanding of third-party technologies is supplemented by the company’s own data analytics tool, Atonix Digital Asset 360TM, which is already in use with several UK utilities – often helping to manage assets originally designed and built by Black & Veatch.
Kaney joins at a time of rapid growth in the company’s asset management capabilities. In May 2018 Black & Veatch won an asset management programme encompassing Yorkshire Water's entire asset base. The win draws upon both the company’s data analytics and lean reliability centred maintenance expertise.
“Although customer bills, and therefore revenues, are set to fall in the next price review; UK water companies still need to fund resilient systems and ensure there is no decrease in quality and service. This means they need to focus on the performance of their existing assets to an unparalled degree,” Kaney continued.
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