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Smart Asset ManagementIn 2011 the cold weather played havoc with the railways, at an estimated cost of £280m per day to the UK economy. Modern sensor technology can help reduce the impact of problems as they arise ‒ be it from incidents or general wear-and-tear. It is relatively straightforward to install smart technology when building new infrastructure but difficult to add technology to existing assets, especially in the UK where the infrastructure is complex and layered with generations of systems. In 2015, the Transport Systems Catapult formed a collaborative partnership with the engineering organisation TWI to form the Smart Asset Management team. The team is exploring ways to retrofit technology in order to make infrastructure smarter, reducing the cost of extreme incidents and opening exciting new opportunities such as dynamic maintenance scheduling.CAPABILITY TEAM11IMAGINE