Some types of technologies benefit even more strongly from the network effect. Open-source, vendor-neutral digital twin platforms, such as Bentley’s iTwin Platform, are specifically designed to add more value as more users join, whether they use Bentley applications or not. In this environment, users can create bespoke solutions that modify or build upon existing solutions, rather than needing to create their desired digital twin from scratch. Once perfected, users can share their solutions with other users, which makes the design process easier and helps spark further innovation.
Our colleagues are working in partnership with engineering firms, governments, and owner-operators of infrastructure assets, who are on very different trajectories of their digital transformation journey. As John Sullens, Senior Technology and Innovation Consultant at Burns & McDonnell shared, “One key importance of having a digital twin is the ability to combine real-time asset/site data with physical dependency models, and intelligence from different platforms to more accurately scope future projects, reducing project risk from using erroneous records drawings.”
In short, progress begets more progress. What was once an almost intractable program management challenge will grow into an increasingly beneficial and interconnected ecosystem. NASA’s Apollo program showed that success takes a village. No single user or vendor can do it alone, but together, supported by open, vendor-neutral technology we can repair and enhance infrastructure for all.
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.
Further, the roundtable focuses first on translating potential risks associated with climate change, and second, on transitioning toward a carbon-neutral economy via macroeconomic modeling. Challenges include harmonizing data collection and adjusting analytical approaches in macroeconomic models to accommodate climate risks and opportunities.
Sponsors of the Roundtable on Macroeconomics and Climate-related Risks and Opportunities include the National Science Foundation, the Wallace Global Fund, and the William and Flora Hewlett Foundation. For more information about the roundtable, please visit the National Academies website.
(Source: The National Academies of Sciences, Engineering, and Medicine)
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.
Further, the roundtable focuses first on translating potential risks associated with climate change, and second, on transitioning toward a carbon-neutral economy via macroeconomic modeling. Challenges include harmonizing data collection and adjusting analytical approaches in macroeconomic models to accommodate climate risks and opportunities.
Sponsors of the Roundtable on Macroeconomics and Climate-related Risks and Opportunities include the National Science Foundation, the Wallace Global Fund, and the William and Flora Hewlett Foundation. For more information about the roundtable, please visit the National Academies website.
(Source: The National Academies of Sciences, Engineering, and Medicine)
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.
Initiatives of the ASCE IRD Risk and Resilience Measurements Committee include: research projects to develop theory and technology; working groups to solve specific challenges; industrial collaborations and show cases; working with authorities towards regulatory documents; contributions to codes and workshops; contributions to conferences; and, publications as technical reports and books. Further, special issues focus on the ASCE-ASME Journal of Risk and Uncertainty in Engineering Systems.
During the international committee meeting, Emin Aktan and Hiba Baroud review the Workshop on Resilience Research with NIST (U.S. Department of Commerce, National Institute of Standards and Technology). Further, Michael Beer and Yongbo Peng provide an update on conference activities, including ISRERM: International Symposium on Reliability Engineering and Risk Management and ICVRAM: International Conference on Vulnerability and Risk Analysis and Management.
The American Society of Civil Engineers (ASCE) Infrastructure Resilience Division (IRD) develops resources for improving the resilience of civil infrastructure and lifeline systems to all hazards. The IRD was established in 2014 to develop a unified approach to advancing the concepts of resilience within lifeline and infrastructure systems. Technical committee membership carries with it an obligation to participate actively in committee work through contribution of technical information.
Initiatives of the ASCE IRD Risk and Resilience Measurements Committee include: research projects to develop theory and technology; working groups to solve specific challenges; industrial collaborations and show cases; working with authorities towards regulatory documents; contributions to codes and workshops; contributions to conferences; and, publications as technical reports and books. Further, special issues focus on the ASCE-ASME Journal of Risk and Uncertainty in Engineering Systems.
During the international committee meeting, Emin Aktan and Hiba Baroud review the Workshop on Resilience Research with NIST (U.S. Department of Commerce, National Institute of Standards and Technology). Further, Michael Beer and Yongbo Peng provide an update on conference activities, including ISRERM: International Symposium on Reliability Engineering and Risk Management and ICVRAM: International Conference on Vulnerability and Risk Analysis and Management.
The American Society of Civil Engineers (ASCE) Infrastructure Resilience Division (IRD) develops resources for improving the resilience of civil infrastructure and lifeline systems to all hazards. The IRD was established in 2014 to develop a unified approach to advancing the concepts of resilience within lifeline and infrastructure systems. Technical committee membership carries with it an obligation to participate actively in committee work through contribution of technical information.
