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NDL SafeRail is a groundbreaking platform that transforms rail asset management through the innovative combination of Neural Distributed Ledger (NDL) technology and AI
About
BYEVOLUTION is a deep tech company pioneering the "New Internet of Value."
Our core technology, NDL, empowers users with ownership and control of their digital identity and assets. NDL's secure architecture ensures the integrity and traceability of data throughout its lifecycle. We focus on frictionless value transfer, enabling safe and efficient exchange of digital assets between users and companies. By prioritizing security, transparency, and user control,
BYEVOLUTION is building the infrastructure that will shape the future of secure digital transactions.
Key Benefits
Economic Benefits:
- Job Creation: Anticipates 100 new jobs in software development, sales, and marketing, tracked through company and supplier hirings.
- Revenue Generation: Expects £10 million in revenue during the first year, monitored through sales and supplier contracts.
- Improved Productivity: Companies using the platform are projected to gain a 10% productivity increase, assessed by tracking pre- and post-implementation outputs.
Customer Benefits:
- Data Security and Privacy: NDL SafeRail will meet ISO 27001 standards, verified through an independent audit.
- Transparency and Traceability: The platform offers a comprehensive asset view, measured by customer satisfaction surveys.
- Reduced Costs: Aims for a 5% reduction in asset maintenance costs, gauged by comparing pre- and post-implementation expenses.
- Improved Asset Performance: Expects a 10% enhancement, monitored through key performance indicators.
- Extended Asset Lifecycles: Forecasts a 15% extension, measured through asset lifespan comparisons.
- Increased Customer Satisfaction and Loyalty: Envisages a 10% boost in customer satisfaction, tracked through customer surveys.
Benefits to Others in the Supply Chain:
- Increased Demand for Hardware and Software Products: Anticipates a 10% boost, tracked via hardware and software suppliers' sales figures.
Benefits to the Broader Industry:
- Innovation in Asset Management: NDL SafeRail is a groundbreaking solution, measured by its adoption rate within the industry.
- Improved Industry Competitiveness: Expected to enhance the industry's overall growth and efficiency.
Benefits to the UK Economy:
- Creation of New Jobs: Expects to create 100 new UK jobs, monitored by company and UK supplier hirings.
- Revenue Generation: Aims for £10 million in revenue for the UK economy during the first year, tracked through sales and UK supplier contracts.
- Improved Productivity: UK businesses using the platform are expected to achieve a 10% increase in productivity, assessed by comparing outputs before and after implementation.
Alignment with Government Priorities:
- Enhancing UK's Cybersecurity: NDL SafeRail's ISO 27001 certification enhances the UK's cybersecurity posture.
- Boosting Innovation: The platform fosters innovation in the UK asset management sector.
- Reducing Carbon Emissions: Expected to lower carbon emissions by 5%, measured by tracking the company's carbon footprint.
Environmental Impacts:
- Reduced Waste: Expects a 10% reduction in waste by optimizing asset usage and extending lifecycles, measured through waste generated.
- Lower Energy Consumption: Predicted reduction in energy consumption.
Applications
NDL SafeRail, a leading player in rail asset management, enjoys promising prospects in both domestic and international markets. In the UK, where the asset management and rail sectors thrive,
NDL SafeRail is poised for substantial growth.
Internationally, NDL SafeRail targets a diverse clientele, including global rail operators, manufacturers of railway equipment, overseas entities overseeing rail infrastructure, international maintenance and repair service providers, and organizations with complex asset portfolios.
Market Insights:
The TAM for rail asset management is expected to reach USD 12.6 billion by 2025 (Rail Asset Management Market by Offering (Solutions (Condition Monitoring, Predictive Maintenance, Security, Asset Planning & Scheduling) and Services), Application (Rolling Stock and Infrastructure), Deployment Mode and Region - Global Forecast to 2026). NDL SafeRail's SAM within this context is estimated at USD 2.5 billion, reflecting its geographic reach and product portfolio. The company anticipates capturing a 0,5% SOM by 2025.
Rail asset management market is characterized by fragmentation, with numerous small and medium-sized enterprises competing alongside established giants. A few major rail operators wield significant bargaining power due to customer concentration.
The market thrives on factors such as aging rail infrastructure, digital technology adoption (AI and IoT), a focus on safety and reliability, and the growing need for sustainability.
Key players in the rail asset management market include IBM, Siemens, Schneider Electric, Bombardier Transportation, Hitachi Rail, Alstom, Thales, CAF, and CRRC.
NDL SafeRail stands to capitalize on market demand through its AI-powered predictive maintenance platform. The company's data analytics capabilities empower rail operators with insights into asset performance.
Challenges include differentiating from larger competitors, educating potential customers about the advantages of its AI-powered platform, and building a robust sales and marketing team to engage with customers effectively.
The global asset management market is expected to grow at a CAGR of 10.3% from 2022 to 2027, while the global railway asset management market is forecasted to experience a 7.2% CAGR from 2022 to 2028.
Cloud-based asset management is a cost-effective and flexible model that eliminates upfront expenses, offers scalability, reduces IT overhead, and enhances security through cloud hosting.
Entering these markets necessitates compliance with regulations, technical expertise, establishing customer relationships, and building brand recognition.
NDL SafeRail benefits from the UK's strong presence in the asset management and rail industries, providing a solid foundation for expansion.
Beyond the rail industry, NDL SafeRail's innovative solutions have potential applications in diverse sectors such as construction or agriculture.