Common data environment

Advancing the Utility of the Future With Connected Data

www.globalenergyworld.com The utility industry has experienced more change over the past decade than it has in over a century of operation. A handful of data points illustrate the historic transformation that is underway and quickly accelerating. According to the IHS Markit Global Power Industry Outlook, just 1% of U.S. power generation came from wind and solar in 2008. By 2018, that number had risen to 9%. IHS projects says it will reach 18% by 2028.   Similar projections about the growth of distributed energy resources (DER) such as rooftop solar, energy efficiency, and battery storage are easy to find. Indeed, Bloomberg New Energy Finance (BNEF) estimates that the global market for storage will double six times by 2030. For instance, Texas—the largest consumer of coal in the United States, according to the Energy Information Administration—has seen wind power generation surpass …

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7 Amazing Examples of Digital Twin Technology In Practice

Forbes.com | By: Bernard Marr Wouldn’t it be extraordinary to simulate plans or build what-if scenarios for the products, facilities, and processes you wished to change before you actually put real-world resources behind real-world implementation? That’s the promise of digital twins. And, many businesses and industries are taking advantage of this promise as these 7 amazing examples of digital twin technology illustrate. What is a digital twin?  As an exact digital replica of something in the physical world, digital twins are made possible thanks to Internet of Things (IoT) sensors that gather data from the physical world and send it to machines to reconstruct. While the concept of a digital twin has been around since 2002 when Michael Grieves at the University of Michigan first used the terminology, it was IoT technology that made it affordable and accessible to many more …

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Construction firms need to up their game to go digital, new research reveals

Infrastructure Intelligence | By: Andy Walker New research has unveiled that almost half (44.3%) of businesses in the construction industry have limited or no insight into company or project performance. Professionals working in the sector are either not collecting data or are collecting it manually instead of digitally, says the report, Unlock the Benefits of Going Digital in Construction. The research conducted by Bentley Systems, the design, construction, and infrastructure software provider, of more than 720 construction professionals across the world also found that less than half (43.5%) of workers said they have no digital capabilities for collaboration or that their information is either paper-based or siloed. The impact of this is significant, as analysis from Mace, a global construction consultancy, recently found that almost 80% of large construction projects experience cost or programme overruns and that if project delivery does …

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