Digital Solutions for Asset Management: Leveraging Your Data with Digital Twins
Did you know it is predicted that by the end of 2022, over two-thirds of companies that have implemented IoT will have deployed at least one Digital Twin in production (Gartner)?
Digital Twins is defined as a dynamic software model of a physical thing or system that relies on sensor data to understand state, respond to changes, improve operations and add value.
The next step in your Asset Management journey, Digital Twins can be the key to unlocking digital transformation for your assets—you just need to utilize your existing data. From your asset registry and work order history to sensory data and SME knowledge, you have the data you need to develop a Practical Digital Twin Model that can increase reliability, optimize performance and save costs.
In this webinar, we’ll explore the benefits of using a Digital Twin model, re-examine how to leverage your existing data to assess risk and look at real-world examples and applications to understand how Digital Twins has successfully streamlined operations in the past.
Tim Gilmer, Director of Reliability Services, GenesisSolutions
Tim Gilmer leads the Reliability Engineering Services organization at GenesisSolutions, an ABS Group company, where he has worked with Maintenance and Reliability leaders in the Pharmaceutical Industry to minimize asset failures and increase operational uptime. Tim brings over 25 years of experience working with FDA-regulated organizations to improve their asset reliability and has been involved with implementing Reliability Programs and critical tools such as CMMS systems across multiple industries.
Joe Nichols, President, ITUS Digital
Prior to co-founding Itus Digital, Joe was the COO, VP Product Strategy at GE Digital, where he oversaw strategic growth planning, managed the software portfolio strategy, and ran key functions including Product Marketing, Business Unit Digital Solution Management, and Business Operations. He came to GE Digital through the acquisition of Meridium, where he spent 21 years driving the creation and go-to market strategies of innovative Asset Performance Management solutions adopted by world-class industrial organizations. Joe received his Bachelor’s Degree in Management of Information Systems from Radford University.
About ABS Group
ABS Group of Companies, Inc. (www.abs-group.com), through its operating subsidiaries, provides technical advisory and certification services to support the safety and reliability of high-performance assets and operations in the oil, gas and chemical, power generation, marine, offshore and government sectors, among others. Headquartered in Houston, Texas, ABS Group operates with more than 1,000 professionals globally. ABS Group is a subsidiary of ABS (www.eagle.org), a leading marine and offshore classification society.