Funding New Technology with The IIJA — Infrastructure Investment and Jobs Act

Funding New Technology with The IIJA — Infrastructure Investment and Jobs Act

 

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

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/.)

© 2023 Bentley Systems, Incorporated. All rights reserved.

About Bentley

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.

About ClimaTwin®

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.

© 2023 ClimaTwin Corp. ClimaTwin® is a registered trademark of ClimaTwin Corp. ClimaTwin Basic™, ClimaTwin Enterprise™, the ClimaTwin logo, and Climate Risk Intelligence for Infrastructure Digital Twins™ are trademarks of ClimaTwin Corp. All rights reserved.

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Infrastructure Investment and Jobs Act — IIJA Funds New Technology and Innovation

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

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/.)

© 2023 Bentley Systems, Incorporated. All rights reserved.

About Bentley

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.

About ClimaTwin®

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.

© 2023 ClimaTwin Corp. ClimaTwin® is a registered trademark of ClimaTwin Corp. ClimaTwin Basic™, ClimaTwin Enterprise™, the ClimaTwin logo, and Climate Risk Intelligence for Infrastructure Digital Twins™ are trademarks of ClimaTwin Corp. All rights reserved.

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