How funding to improve technology can help expand your ecosystem
By Cindy Ross, Product Marketing Manager, iTwin Platform
Not too long ago, the application of digital twins in infrastructure seemed to be a distant reality. Today, we see a rapidly growing number of tangible examples of the benefits that digital twins are bringing to designing, building, and operating real-world assets. These benefits are timely given the increasing pressure to address infrastructure challenges across the globe.
Globally, governments and owner-operators are growing more concerned about the state of their infrastructure. Elements like smooth roads and transit, reliable power grids, and resilient water systems are critical for maintaining a solid standard of living. But even in the best-case scenario, the passage of time will cause degradation, exposing vulnerabilities that have the potential to cause disruptions to vital services or, worse, catastrophic failures.
It is not only just regular wear and tear owner-operators have to contain. Climate change is producing additional pressures on infrastructure. Powerful storms now wreak damage in unusual areas, extreme heat and cold cause power grids to buckle, and rising tides result in new concerns for coastal structures. Our infrastructure is being tested and needs to become stronger and more reliable to keep up.
Fortunately, owner-operators have new opportunities that could match these new challenges. Advancing technology provides innovative ways for organizations to not only repair and strengthen existing infrastructure but also create the infrastructure that is designed from the ground up to be more resilient to future climate variability. However, new technology can also bring its own challenges and uncertainty. How can infrastructure stakeholders best incorporate innovation into infrastructure development and operations? How can they be sure new innovations consistently bring value and help them meet their goals?
Governments and owner-operators don’t have to face these challenges alone. Engineering firms and pioneering organizations are evolving and incorporating advanced techniques into the design of new infrastructure and the revitalization of existing structures, demonstrating how other organizations can reap similar benefits. Realizing the importance of well-maintained infrastructure, government organizations are starting to fund grant initiatives that can help with the cost of adopting new technology. And organizations can realize long-term value with their technological investments by adopting a networking technique that benefits an array of organizations from Facebook to Microsoft.
More in the next blog post about Leveraging Digital Twins and the Network Effect…
This article was republished with prior written permission from Bentley Systems.
(Source: Ross, Cindy Ross. “Leveraging Digital Twins and the Network Effect: How Funding to Improve Technology Can Help Expand Your Ecosystem.” Bentley Blog, Bentley Systems, 16 Dec. 2022, https://blog.bentley.com/leveraging-digital-twins-and-the-network-effect/.)
© 2023 Bentley Systems, Incorporated. All rights reserved.
Bentley Systems (NASDAQ: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure — sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals and organizations of every size for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent’s leading geoprofessional software portfolio, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,500 colleagues and generates annual revenues of approximately $1 billion in 186 countries.
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We empower infrastructure stakeholders to mitigate climate risks and assess adaptation actions across the total asset lifecycle. By connecting complex climate models and infrastructure digital twins, our solution enables engineers, owner-operators, and governments to aggregate, visualize, and analyze disparate datasets, revealing site-specific insights at a hyper-local scale. Benefits include 5-10x near-term returns and lifetime cost-avoidance by mitigating risks to systems, services, and societies.
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