By implementing an executable digital twin, SANY Heavy Energy was able to: Increase their energy efficiency and lower their levelized cost of electricity (LCOE) by 10%. Improve wind turbine efficiency and wind farm design efficiency by 50%. Improve simulation accuracy and design reliability. Improve performance and reduce maintenance
The utility sector has historically been challenged with poor information on subsurface utilities, leading to problems such as utility strikes, subsequent delays, and cost overruns. Emerging technologies such as a digital twin (DT) are being proposed to better capture subsurface utility data to minimize some of these problems.
A digital twin that is agnostic and uses CIM (Common Information Model) standards helps ensure that information is in the correct format and easy to exchange across applications. Supported data formats include NIS/GIS for data about physical assets that are connected and part of the power grid, ADMS data for switch changes, SCADA for
Introduction. Digital Twin technology can revolutionise the way utilities are managed, yet there hasn''t been any guide for utilities to best leverage this technology into a common environment where utility personnel are fully supported. Over the past three years, the SWAN Digital Twin Group has advanced and clarified the conversation around
Learn how organizations including Cisco, Ecoworks, and Vail Ski Resort use digital twins to achieve their goals. Esri Home /. Digital Twin /. Geospatial digital twins built with Esri''s GIS technology are virtual representations of the real-world that accurately represent complex systems; model scenarios in 3D; and scale to meet needs.
Conservative estimates supported by analysis of real-life cases suggest that digital optimization can boost profitability by 20 to 30 percent. Utilities can realize most of this potential by three means: smart meters and the smart grid, digital productivity tools for employees, and automation of back-office processes. 2.
Regardless of the business problem or need you''re addressing, the first step is to build a digital twin of your network within the Neara platform. Once generated, use it to solve real-world problems. Start with one or two specific challenges facing your utility, then identify the intended business outcomes. Through machine learning and AI
A report from Grand View Research forecasts a 42.7% increase in the global digital twin market between 2021 and 2028. A driving force behind this is Industry 4.0., the term used to describe the upcoming Fourth Industrial Revolution. More companies will need to adapt to today''s rapidly evolving technology in order to compete in this new
Reduce Costs by Up to 30%. GE Digital''s ADMS, GIS, and AEMS technologies help grid operators create a Network Digital Twin, which provides a connected view of the end-to-end network of assets, based on real operational data. It includes as-is, to-be, and real-time views of the network and enables all departments to contribute and consume
The grid digital twin enables better informed and quick decision-making that extends to the near-term future through a combination of powerful simulators and analytics in a virtual software-led environment promising significant business benefits. Schneider Electric, thus, delivers an innovative combination of renewables and digital software-led
The digital twin market is exploding—some say to the tune of $15.66 billion by 2023, at a CAGR of almost 40%. Utilities are among many asset-intensive industries poised to benefit richly from these technologies. Digital twins are virtual models of assets that can be used to gain both real-time and predictive insights on performance.
A digital twin is a virtual replica of a system''s behavior in its operating environment. That system, which might be a product, a manufacturing process, or even an entire supply chain, is represented by a collection of digital models. Those models process and react to various stimuli, which are data representing the external environment.
Page 2 #US47805521 IDC TECHNOLOGY SPOTLIGHT Digital Twins: Enhancing Resiliency in Utilities'' Assets and Grid Operations » Reduce asset downtime by applying artificial intelligence and machine learning, which is moving utilities toward a condition-based asset management approach that predicts and prevents asset failures as opposed
Water Utilities and the Digital Twin. Utilities face extraordinary challenges due to aging infrastructure, aging workforce, natural disasters, and even outdated technology. Aging infrastructure is becoming more costly to operate, maintain, and rehabilitate, requiring utilities to optimize limited capital and operating budgets.
As we sit on the brink of a Fourth (digital) Industrial Revolution, more utility companies will need to leverage the opportunities digital twin technology
Conservative estimates supported by analysis of real-life cases suggest that digital optimization can boost profitability by 20 to 30 percent. Utilities can realize most of this potential by three means: smart
iTwin Experience. Experience Your Twin. Your Way. Extend interoperability and bring together the full view to connect engineering, spatial, and enterprise data through Bentley''s iTwin Experience. Benefit from combined intelligence, such as iTwin IoT, and iTwin Capture visualized in iTwin Experience for integrated digital twin insights.
Power utilities; Digital twin market: Poised for growth. The rapidly expanding digital twin market indicates that while digital twins are already in use across many industries, the demand for digital twins will continue to escalate for some time. In 2022, the global digital twins market was projected to reach USD 73.5 billion by 2027. 1
Moving from a Digital Mutant to a Digital Twin: Improving GIS Accuracy. But it doesn''t have to be this way. In fact, the increasing capabilities of the GIS to serve as a digital twin is creating an opportunity for, and desire among, many utilities to re-evaluate and improve the quality of their GIS data. And many utilities are taking
A clear definition for digital assets is critical to realizing their full potential and value. Enter the digital twin. Since their inception as a concept, digital twins have been an excellent method for presenting data in context and bridging the gap between the physical and digital world. Most often used for asset performance management (APM
Digital twins are a promising tool to help utilities solve many of their challenges and provide value in network management, operations, and facilities. Isolation tracing identifies valves to close to stop the flow of water to a portion of the network as well as customers and hydrants affected by outages. Network Management.
Discover the Network Digital Twin from GE. This revolutionary approach to the challenge of decentralization and decarbonization provides a comprehensive view of the grid combining GIS, EMS, and ADMS - all powerfully shared across the utility. The Network Digital Twin is software that connects physical systems on the grid with the capabilities
Ambika Godbole. Ambika, an enthusiastic advocate of digital twin technology, is an associate partner at IBM Consulting in London. With a rich professional background, Ambika has accumulated extensive experience across diverse industries, including energy and utilities, CPG, and retail.
A digital twin of a fixed asset or real-world system benefits directly from the inclusion of GIS data about the asset and GIS context around the asset. Utility networks, legal parcel boundaries, and traffic networks have all been represented in GIS for purposes of asset management, maintenance, and planning. The digital twin concept builds
Generative AI and digital twin use cases in asset-intensive industries. Various use cases come into reality when you leverage generative AI for digital twin technologies in an asset-intensive industry such as energy and utilities. Consider some of the examples of use cases from our clients in the industry: Visual insights. By creating a
"Digital twin technology has long been a prominent topic in water utility industry conferences and utility working groups worldwide. While its potential benefits are enticing to water utility