Accounting management software Data smart

risk managementfor ships

Asset-intensive industries such as shipping, oil and gas, and energy are looking at innovations that drive efficiency and reduce costs while effectively managing operational risk and safety. Data smart asset solutions are key. DNV GL's digital twin brings all the experts together, providing powerful analyses, insight and diagnostics that are crucial for decision-makers. Digital twin - the future of engineering The challenges of managing and using the growing amounts of data for analytics are rapidly increasing. Poor information management is often a hidden cost, accounting for up to a fifth of operational budgets, while a single unscheduled downtime can cost millions of dollars per day. At a time when margins are low, this can make or break the operational viability of an asset. Data smart asset solutions are a key to improved business performance and risk management. Central to our next-generation offering, and supporting an ecosystem of asset-centric engineering applications, is the concept of a cloud-based digital twin. The digital twin is a virtual image of an asset, maintained throughout the lifecycle and easily accessible at any time. It is a central part of our digital asset ecosystem and will enable a new generation of advanced predictive analytics. The digital twin integrates data from many different software products. Data smart asset solutions are a key to reducing operational costs. The digital twin is a concept that will enhance information management and collaboration, where the experts can work together, preventing costly mistakes and rework.