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Executive Brief: Digital Lifecycle Excellence, Improving Productivity In Operations

Learn how a digital lifecycle excellence approach to managing digital plants and assets can lower the cost of operations by achieving efficiency throughout the digital lifecycle.

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Oil & Gas IQ
12/19/2023

Digital lifestyle

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Today’s energy and utility (E&U) leaders must meet their business and production targets to remain competitive in their industries. E&U businesses also require a high level of financing to fund their capital projects and operational expenditures and have to compete with other sectors to attract scarce investor resources. They must do this while enduring record market volatility and selling their  products for commodity prices at the lower end of the normal range. Furthermore, there are demands to transform energy so they can improve their environmental sustainability while decarbonizing operations. The future leaders in the industry will accelerate their ability to optimize and innovate by learning how to apply their physical and digital assets to deliver top performance across all categories. 

Read and discover how: 

  • Integrating physical and digital assets dramatically improves the efficiency of operations, such as power plants while reducing costs
  • Using cutting-edge simulation tools enables faster development of next-generation equipment designs and improves safety testing and performance in existing plants
  • Adopting a digital lifecycle approach enables enterprise-wide data-driven decision-making and helps knowledge workers better respond to challenging situations 

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