By Steve Cockerell, Industry Marketing Director, Rail & Transit, Bentley Systems
The banking sector has long been at the forefront of leveraging data and technology to make better decisions, reduce risk, and enhance return on investment. Taking on today’s major challenges – climate change, energy, and healthcare, to mention a few – require having access to data, supported by the right technology, to ensure the right outcomes.
Digital twins – a realistic and dynamic digital representation of physical assets, processes, or systems in the built or natural environment, are one of the most significant technological advancements of the last decade. Just like BIM almost 20 years ago, they are reshaping how infrastructure is planned, designed, built, and operated today, and are critical to developing infrastructure that will sustain future generations around the world.
Here in the United Kingdom, the Centre for Digital Built Britain (CDBB), a collaboration between the University of Cambridge and the Department for Business, Energy, and Industry Strategy, has seen first-hand how digital twins can improve decision-making in asset planning, design, build, and operation, as well as the benefits of connecting the technology across organizations and sectors.
CDBB pioneered the creation of the UK’s national digital twin project, creating an ecosystem of linked digital twins that can securely communicate infrastructure information in real-time to enable better results, based on the Gemini Principles. A set of ethical principles that the CDBB believes should apply to any digital endeavor in the infrastructure sector, the Gemini Principles are founded on the premise that all digital twins must have a clear purpose, must be trustworthy, and must function effectively.
More in the next post about Here’s Why Investors are Starting to Pay Attention to Infrastructure Digital Twins…
This article was republished with prior written permission from Bentley Systems.
(Source: Cockerell, Steve. “Here’s Why Investors Are Starting to Pay Attention to Infrastructure Digital Twins.” Bentley Blog, Bentley Systems, 6 Sept. 2022, https://blog.bentley.com/heres-why-investors-are-starting-to-pay-attention-to-infrastructure-digital-twins/.)
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.
ClimaTwin® is a leading climate risk intelligence solution for infrastructure assets and the built environment.
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.
To learn more about climate risk intelligence for your infrastructure assets, please visit www.climatwin.com today.
Government entities and qualifying owner-operators do not have to go it alone and figure out how to pay for better infrastructure solutions. In the United States, the Infrastructure Investment and Jobs Act (IIJA) does not only earmark billions of dollars toward the repair and development of infrastructure, but it also sets aside hundreds of millions of dollars specifically for the purchase of technology to help in infrastructure repair and development.
Though funding infrastructure-related technology supports IIJA’s overall goal of shoring up the country’s infrastructure, it benefits owner-operators well beyond the scope of the act. Users can eliminate the financial barrier to entry and use the new technology however they see fit. That way owner-operators can explore innovations, such as digital twins, 4D construction modeling, advanced reality capture, and machine learning, and learn how they can sharpen their work without worrying about the return on investment.
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/.)
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.
ClimaTwin® is a leading climate risk intelligence solution for infrastructure assets and the built environment.
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.
To learn more about climate risk intelligence for your infrastructure assets, please visit www.climatwin.com today.
Government entities and qualifying owner-operators do not have to go it alone and figure out how to pay for better infrastructure solutions. In the United States, the Infrastructure Investment and Jobs Act (IIJA) does not only earmark billions of dollars toward the repair and development of infrastructure, but it also sets aside hundreds of millions of dollars specifically for the purchase of technology to help in infrastructure repair and development.
Though funding infrastructure-related technology supports IIJA’s overall goal of shoring up the country’s infrastructure, it benefits owner-operators well beyond the scope of the act. Users can eliminate the financial barrier to entry and use the new technology however they see fit. That way owner-operators can explore innovations, such as digital twins, 4D construction modeling, advanced reality capture, and machine learning, and learn how they can sharpen their work without worrying about the return on investment.
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/.)
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.
ClimaTwin® is a leading climate risk intelligence solution for infrastructure assets and the built environment.
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.
To learn more about climate risk intelligence for your infrastructure assets, please visit www.climatwin.com today.
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/.)
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.
ClimaTwin® is a leading climate risk intelligence solution for infrastructure assets and the built environment.
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.
To learn more about climate risk intelligence for your infrastructure assets, please visit www.climatwin.com today.
