A recent Harvard Business School study documented that “leading digital companies generate better gross margins, better earnings and better net income than organizations that have not adopted a digital-first business growth strategy. Early digital technology adopters delivered a three-year average gross margin 55 percent compared to 37 percent for digital technology laggards.
A digital twin is a digital representation of an intended or actual real-world physical product, system, or process (a physical twin) that serves as the effectively indistinguishable digital counterpart of it for practical purposes, such as simulation, integration, testing, monitoring, and maintenance.
|S.no||Challenges in Infrastructure Project||Solution by Digital Twin|
|1||Delay in handing over Right of Way / Site||Currently Documentation Checklist in future digital records through blockchain will allow project initation.|
|2||Poor Scope and Interface Management by Owner/Engineer||Scope validation during planning, designing and Digital Twin creation stage. Issues raised during planning and design stage.|
|3||Delay in Payments by Owner/Engineer||Smart Contract Integration for Payments stagewise without any human intervention|
|4||Slow Decision Making by Owner/Engineer||Live Dashboard visibility to all Decision Makers and delay responsibility|
|5||Incorrect Contracting Practices by Owner/Engineer||Contract Milestone clear definition in Smart Contracts|
|6||Scope & Specification related Ambiguities in tender documents||Scope validation during planning, designing and Digital Twin creation stage. Issues raised during planning and design stage. Resolved before project execution starts|
|7||Pre-bid design/estimation errors by the contractor||Scope validation during planning, designing and Digital Twin creation stage. Issues raised during planning and design stage. Resolved before project execution starts|
|8||Inadequate Construction Planning & Management Practices by contractor||Scope validation during planning, designing and Digital Twin creation stage. Issues raised during planning and design stage. Resolved before project execution starts|
|9||External factors — Unexpected / Unforeseen Events||Project Impact analysis done through various parameters|
|10||External factors — Force Majeure||Force Majeure Impact Minimised as multiple factors are validated during planning, design and digital twin creation|
An integrated and functional IT network is essential for enterprises to achieve their full potential in today’s technology driven market landscape. As network solution company Almondz offers comprehensive, turnkey solutions in Network Integration and IT enabled services. Our in-house experts are certified to design, build and maintain high-performing networks and structured cabling systems that serve your complex and critical needs. We work as a IT support system for your business, managing technical issues, compliances and documentation as required. In addition to building networks from the ground up, our consultants also help you upgrade existing networks to technologies that ensure increased productivity. With a certified team of security experts who empower us to build safe networks that are insulated from data breaches. We focus on building sustainable networks that are cost-effective and contribute towards achieving strategic goals.
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