By Steve Cockerell, Industry Marketing Director, Rail & Transit, Bentley Systems
Continuing from the previous post about Here’s Why Investors are Starting to Pay Attention to Infrastructure Digital Twins…
The Rise of Digital Twins
Over the last few years, there has been a surge of interest in the potential role of digital twins, particularly in how the technology is transforming how infrastructure is planned, developed, built, and operated. So much so that current digital techniques, including digital twins, are at the center of an emergent government-industry reform effort, and have been cited in major papers such as the Construction Playbook, the Transforming Infrastructure Performance Road Map to 2030, and the Gemini Papers.
Since the CDBB program’s inception in 2017, there has been a significant improvement in the quality of conversation among industry, academia, and the public sector. Discussions have resulted in a deeper understanding of the applications and benefits of infrastructure digital twins, as well as increased investment in the technology, but can the same be true of negotiations between the infrastructure business and the investors, insurers, banks, and other organizations that supply a large portion of their funding and finance?
After speaking with a diverse group of investors, the report concludes that the finance community can leverage the potential of digital twins for infrastructure to support investment decisions, and in doing so promote better outcomes from the infrastructure in which they are investing. Furthermore, by playing a larger role in the digital transformation of infrastructure, investors can help enterprises, people, and the environment, Alexandra Bolton stating that she believed “the finance community has a huge opportunity to use their influence not only to create these lower risk, higher profit investments, but to create a greener, fairer, safer future.”
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/.)
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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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