From silos to synergy: Transforming asset management with digital twins

Digital twin adoption is more prevalent today than ever, but many fundamental misconceptions persist about what they are and how they are used. By integrating data from disparate platforms and datasets, a digital twin serves as a datacentric nexus between teams working in asset strategy, capital planning, project delivery, and operations—while providing foresight and efficiencies to organizations looking to maximize the value of their investments.

Digital twins offer several benefits:

• Seamless integration across the entire asset lifecycle, from planning to decommissioning
• Valuable insights to identify inefficiencies and opportunities for improvement
• Maximized asset value with alignment across functions
• Improved performance, productivity, and access to extensive data

Digital twins enable infrastructure and capital project teams to see and do more by introducing powerful capabilities to their existing digital environment. Economic, social, and environmental challenges, along with new government funding for digitally-enabled projects make digital twins an attractive investment. Companies embracing this tech enjoy a competitive edge in the market.

How can digital twins specifically help your organization? In the planning and design phase, you can reduce construction time by up to 25%. During construction, you can optimize delivery and trim labor costs by up to 10%. In the operations phase, digital twins can monitor changes and let you make decisions based on real-time data. Download our report to learn more and start your digital twin journey today.