Continued from the previous post Leveraging Digital Twins and the Network Effect: How Funding to Improve Technology Can Help Expand Your Ecosystem
By Cindy Ross, Product Marketing Manager, iTwin Platform
You Are Not Alone
When designing infrastructure, all competent organizations keep an eye on future-proofing. A brand-new highway system could quickly become an unending debilitating expense if the bridges are substandard and need frequent repairs. Emerging technology is key to creating intelligent, sustainable designs that can endure future uncertainty and provide cost-effective services for many decades to come.
Frost & Sullivan, a growth strategy consulting and research firm, recently released their study “An Open Platform for Infrastructure Digital Twins,” where they share findings from the state of the market to strategic gains being realized.
The study notes that “the success of digital twins will be heavily influenced by the level of engagement from infrastructure organizations and asset owner-operators, and the creation of a robust ecosystem of technology developers serving the infrastructure community.”
Of course, intelligent, sustainable infrastructure is still a significant expense. Though advancing technology can take your investments as far as possible in the long term, the up-front cost and effort needed to incorporate new workflows can be intimidating, especially to stakeholders who might object to trying something new and relatively unproven.
More in the next 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/.)
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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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