Digital Asset Management
Texas has experienced unprecedented population growth over the past few decades.1 As companies from across the country relocate their operations here, the state continues to grow, develop, and urbanize. Sustained growth will significantly impact the state’s transportation network. Additionally, as the tech sector grows, new transportation technologies continue to develop. Therefore, TxDOT will need to prepare for both future population growth and the emergence of new technologies. Asset management has traditionally centered physical assets like vehicle fleets, bridges, and pavement. However, as new technologies emerge, new types of data will need to be collected, managed, and analyzed. This will undoubtedly require new strategies and tools enabling TxDOT to better account for their physical assets and optimize transportation planning efforts. Digital asset management (DAM) is an emerging concept that widely applies to various fields. Simply, DAM encapsulates the ways in which agencies optimize digital strategies to better their performance. For transportation agencies, DAM is tailored to improving traditional asset management methods. This entails adopting new tools and strategies to improve maintenance efforts. It also entails the emergence of digital assets, like data, digital models, and information systems, for use in optimizing operations.