USA: Transport asset data capture and analysis company Cordel Group has launched PTC Asset Connect, which uses LiDAR and artificial intelligence to automatically detect and accurately locate trackside infrastructure assets without the cost and safety risks of time-consuming manual surveys.
PTC Asset Connect establishes an initial comprehensive inventory of Positive Train Control assets, with regular automated follow-up surveys to automatically identify and report changes in asset locations or configurations. Intuitive visualisations and detailed reports are accessible through a cloud-based platform or API, with tools for managing, approving and documenting asset changes to streamline compliance processes.
Scale of the opportunity
‘Every global rail company needs to understand where their key assets are and how the associated asset registers change over time; PTC Asset Connect provides the single source of truth for our customers’ networks’, said Cordel CEO John Davis.
‘We are excited by the scale of the opportunity, as the global Positive Train Control market size was valued at $1·5bn in 2024, with the maintenance component, where data capture and processing sits, being 10% to 20% annually. We are now rolling out product demonstrations and technical specifications to our major clients.’
