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IoT and Lifecycle Analytics for Energy & Utilities

Energy & utility equipment OEMs, owner-operators and their EPC contractors are constantly evaluating new technologies, such as the “Internet of Things,” to reduce their total cost of ownership. At Siemens PLM Software, we combine the “physical twin” of a product or asset in the field with its corresponding virtual or “digital twin” to allow all stakeholders to gain valuable performance insights that provide the opportunity for innovation and competitive advantage.

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IoT and Lifecycle Analytics for Energy & Utilities

Energy & utility equipment OEMs, owner-operators and their EPC contractors are constantly evaluating new technologies, such as the “Internet of Things,” to reduce their total cost of ownership. At Siemens PLM Software, we combine the “physical twin” of a product or asset in the field with its corresponding virtual or “digital twin” to allow all stakeholders to gain valuable performance insights that provide the opportunity for innovation and competitive advantage.

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IoT and Lifecycle Analytics for Energy & Utilities
IoT and Lifecycle Analytics for Energy & Utilities
IoT and Lifecycle Analytics for Energy & Utilities

Energy and utilities equipment is becoming more complex, driven in part by ever-increasing customer requirements, and ultimately a mission to reduce the total cost of ownership. This is driving the need for smarter, more connected equipment to gain a competitive advantage through greater equipment reliability and improved performance. With supply chains growing more complex and more global, supplier visibility decreases, which raises the risk of non-compliant parts reaching customers. This will increase warranty and service costs, and could even interrupt production at the end-user’s facility with serious consequences for everyone.

From the design and development of energy equipment and related assemblies, through manufacturing, delivery and end-use, advanced analytics are increasingly providing the opportunity to make more informed decisions and gain critical insight into operations. However, with this comes added complexity as massive amounts of data must be collected, processed and analyzed.

At Siemens PLM Software, we leverage the Internet of Things to collect data from installed physical equipment in the field, from fabrication and construction sites, and at the plant. When we combine that “physical twin” with the engineering insight contained within the Digital Innovation Platform, or “digital twin”, valuable performance insights are available to equipment OEMs, EPCs and plant owners, providing real opportunities for innovation and competitive advantage.

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IoT and Lifecycle Analytics for Energy & Utilities
IoT and Lifecycle Analytics for Energy & Utilities
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