Reduce costs and improve efficiency with a digital twin of your capital assets

Whether it’s a decades-old nuclear power plant or a brand-new wind farm, capital assets form the base of energy and utilities (E&U) businesses’ operations.

In both the physical and digital worlds, the complexity of capital assets combined with massive data quantities generated over their lifecycles has been hard for companies to organize and manage.

The result? Most capital assets operate at reduced efficiency throughout their lifecycles, and it’s been difficult for E&U businesses to fix this. Until now.

Learn the benefits of creating a digital twin of your physical asset

In our Teamcenter for Capital Asset Lifecycle Management Fact Sheet, you’ll learn how weaving a digital thread of data through a capital asset’s lifecycle, from project delivery into its operations, creates a “digital twin” of the physical asset. Project and asset data is now centralized, with design and information models located in an easily accessible digital ecosystem.

Because of the digital twin, engineers can collaborate across your enterprise using data-driven decisions, helping them better manage project and operational complexity. Previously disconnected information silos are eliminated, along with the multitudes of spreadsheets that typically accompany them.

Improve your capital asset’s design, construction and operation

By building a digital twin from day one of a project, Teamcenter for Capital Asset Lifecycle Management helps companies achieve significant improvements in their capital asset’s design, construction and operations.

Early digital twin adoption also lets E&U businesses perform simulations to optimize the asset’s design, both before and during construction. Gain new efficiencies by continuously optimizing asset performance throughout its lifecycle using planning and simulation capabilities, while sharing simulation results across the enterprise.

Create a foundation for enterprise-wide collaboration inside your company

Teamcenter for Capital Asset Lifecycle Management provides a single access point to federated data by integrating data from various computer-aided design (CAD), computer-aided engineering (CAE) and building information modeling (BIM) authoring tools.

By unlocking proprietary data from individual users and applications and sharing it across the enterprise, companies can make smarter, more collaborative decisions to increase productivity and innovation. As project data grows and matures across multiple teams, the solution consolidates the information, so workers can rely on a single source of up-to-date asset data.

Effectively manage your capital asset lifecycle by leveraging its data

As you’ll learn from our Fact Sheet, developing a digital twin of your capital asset consolidates its data into a single location, driving new design, construction and operational efficiencies throughout its lifecycle. Don’t wait any longer. Start your business’s digitalization today with Teamcenter for Capital Asset Lifecycle Management.

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This article first appeared on the Siemens Digital Industries Software blog at https://blogs.sw.siemens.com/energy-utilities/2022/01/28/reduce-costs-and-improve-efficiency-with-a-digital-twin-of-your-capital-assets/