Benefit

Performance management system utilizing analytics produces return on investment values ranging from 14 percent to 114 percent in four different case studies.

State-of-the-art information management software suite is fundamentally transforming the way that agencies do business, resulting in large payoffs.


March 26, 2013
Statewide,California,United States


Summary Information

The market for traffic analytics is growing tremendously as traffic management problems continue to present hardships for today’s travelers. Data on current and future traffic patterns resulting from analytics is assisting the public with making smart travel decisions. Investing in analytics can transform processes by automating the business process associated with turning data into information. With this automation, agencies can be more efficient and can be less dependent on outside consulting. There is also opportunity for dramatic increase in returns over time as agencies better understand their systems and engineer new ways to improve them.

Methodology:

To develop return on investment, agencies compared historical costing methods used to collect data (manual labor and equipment with limited automation) and compared the results to an automated system that collects data and uses software analytics to develop performance measures.


Results:

Return on Investment chart that summarizes four case studies that utilized this type of analytics software:


Type of System UsageThe ClientProblemSolutionBenefitReturn on Cost SavingsROI
Annual State of the System ReportMetropolitan Transportation Commission (San Francisco)Costly routine report produced by consultantPulled better and more substantial data automaticallyLowered cost to produce report$600,000 (over 3 years) monies not paid to consultants/
contractors
114%
Work Zone Lane ManagementCaltransCostly manual preparation of approvable work zone lane closuresFully automated the data crunching taskQuicker and cheaper task completion$400,000
(over 3 years)
67%
Detector Fitness ProgramCaltransBroken detector repairs were not timelyContractors paid based on verified repairsDetector health leaped in six months$800,000
60%
Fixing an Operational IssueAttiki Odos Motorway (Greek Tollroad)A bottleneck's financial impact to motorists and agencyMore rapidly detected and diagnosed the problemResolved bottleneck saving 6 months of labor costs$400,000
of drivers' time-value savings
14%

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Source

IterisPeMS: Proven Return on Investment

Author: Iteris

Published By: Iteris

Source Date: March 26, 2013

URL: http://www.iteris.com/infocus/20130326/index.html?pageNumber=4&utm_source=Iteris+InFocus+-+Spring+2013&utm_campaign=InFocus_2013&utm_medium=email

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Goal Areas

Productivity

Typical Deployment Locations

Metropolitan Areas, Rural Areas, Statewide

Keywords

None defined

Benefit ID: 2015-00984