Digital Twins in the oil & gas industry
In a complex environment where safety and availability are paramount, predictive analytics drives downtime reduction in the oil & gas industry. Digital Twin driven solutions require a dedicated solution strategy – one that ensures business value creation and guarantees long-term success.
Predictive analytics can provide significant benefits in reducing scheduled and unscheduled downtime and reducing overall equipment operating costs.
Often this links to the concept of Digital Twins – That is, the creation of a dynamic virtual representation of a physical object or system across its lifecycle, using real-time data to enable understanding, learning and reasoning.