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OzTech: Victoria’s Digital Asset Policy; WA’s $500M digital fund;

Victoria releases Digital Asset Policy, uses AI to improve project delivery

The Victoria government announced its Digital Asset Policy with requirements for digital asset information management to support the planning, design, construction, and operation of government projects and assets.

The policy was developed with input from contractors, consultants, industry associations, academia, and government agencies.

The state government also announced the Office of Projects Victoria (OPV) is running pilots for applying AI to major projects, including the Level Crossings Removal Project. Using artificial intelligence algorithms from Octant AI and nPLan, the OPV will identify where problems are most likely to occur and where efficiencies could be made in projects, so they can be adapted to improve results and project delivery.

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