Enhancing efficiency: streamlining capital asset projects and operations through enterprise data management

The energy industry is growing steadily, and a historic $130 trillion investment in capital assets is expected by 2027 as countries decarbonize and renew critical infrastructure.

With capital projects prone to interoperability issues, project overruns and low productivity, how can organizations deliver on this investment surge with speed and efficiency?

It begins with data. Organizations can adopt an enterprise data management approach and harness their data’s power to improve capital project efficiencies and operational performance across the complete asset lifecycle.

Leverage your data through an enterprise data management platform

If you’re ready to use capital project data more effectively but unsure how to start, consider adopting an enterprise data management platform. It establishes a robust digital foundation that serves as a ‘single source of truth’—giving stakeholders in engineering, operations and maintenance a comprehensive, up-to-date view of all capital asset lifecycle data while accelerating enterprise-wide, data-driven decisions.

Enterprise data management solutions allow you to:

• Consolidate your engineering and project information in a single platform
• Connect design and build with operations to accelerate cross-functional team collaboration
• Incorporate a range of capabilities, such as multi-CAD data management, document management and change management
• Empower teams to aggregate, visualize and reuse data across the entire lifecycle of their capital assets at the enterprise level

How product lifecycle management drives innovation at a wind turbine leader

ACCIONA Windpower specializes in the design, manufacturing, commissioning and after-sales service of wind turbines. The Spanish company’s commitment to technological innovation and sustainability is a key driver of its success.

In this ACCONIA Windpower case study, you’ll learn how they used a product lifecycle management system to:

• Increase R&D productivity while improving product development processes
• Optimize project documentation management and audit processes
• Enhance workflow control of engineering change management
• Reduce design change timelines from days to minutes

Establish a robust digital foundation for your capital projects and assets

With staggering investments in capital assets underway, consolidating your engineering and project data is a great first step to deliver on this extraordinary opportunity while improving your enterprise asset management. Watch the video to learn how your business can drive efficiencies and achieve more predictable outcomes across the asset lifecycle.