In the dynamic realm of energy production, sustainability, efficiency and reliability are key to profitability. Operational insights play a crucial role in the management of energy-producing assets.
Digital transformation tools like digital twins help businesses improve performance and energy production by running physical production models in a safe virtual environment. The emerging technology provides an effective way to help drive growth, sharpen operations and maximize your competitive edge. If you’re looking into a digital transformation of your energy-producing fleet, here are five must-have traits your digital twin tool should be able to deliver.
Alongside these traits, any system your company evaluates should integrate seamlessly into your existing software system. Otherwise, you risk losing access to one of your most valuable assets: your existing data. On the subject of data, data transparency, data cleansing and data integrity are key—the cleaner, more accurate and more visible the data a digital twin uses, the more accurate its predictions and better its ability to provide insights that allow effective risk management.
These are the five insights I consider mission-critical. Companies that harness these insights can navigate the complex, competitive landscape more effectively, helping ensure sustainable, efficient and more profitable operations.