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Addressing 5 common misconceptions about implementing a digital twin

Updated: Feb 28

We believe that digital twins have the power to change the world for the better. At VEERUM, we’re passionate about making industries more efficient, sustainable and safer through digital twin technology. We understand that embracing digital twin software is a journey that requires consideration and strategic planning. Introducing any new technology can raise doubts and critical questions worth exploring. But we're here to set the record straight – implementing a digital twin is more straightforward than you may think. Join us as we debunk five common myths surrounding digital twin adoption and reveal practical solutions for a smoother process. 

“Implementing digital twins involves significant upfront costs for technology, infrastructure, and training. Can we justify the investment?"

At VEERUM, we understand the importance of a cost-effective solution. Our digital twin solution is designed to offer a scalable approach, allowing organizations to start small and expand gradually. With a focus on modular implementations, we help you maximize the value of your investment over time, ensuring that each step contributes to your overall goals. 

"Integrating digital twins into our existing systems and workflows may be complex and disruptive. How seamless is the integration process?"

Seamless integration is key to successful digital twin adoption. VEERUM's platform is built with compatibility in mind, which is why we are data agnostic, allowing for effortless integration with all CAD, geospatial, document management, IoT and operational systems.  

VEERUM provides an end-to-end white glove service throughout the entire journey to ensure your onboarding experience is efficient and focused on ROI. Our team’s deep understanding within the energy industry ensures that our solution addresses the unique pain points of each client.

Our subject matter experts provide valuable guidance throughout this journey. To tackle data fragmentation, asset managers should work with VEERUM to understand their existing data sources and map them back to their digital twin. One key piece of advice is to take a “tag-centric” approach to their own internal data models. Meaning that they should be using unique identifiers such as “tags” to help tie key pieces of data together, for more meaningful data experiences within the application.

"Storing sensitive data in a digital twin raises concerns about security and privacy. How can we ensure the protection of our data?"

Since its inception, VEERUM has focused on best practices and exceeding industry standards for data security, availability, and confidentiality. Our platform adheres to the highest standards of data protection including SOC2 Type 1 and 2 certification, and ISO/IEC 27001 certification. SOC 2 Type II compliance is a reporting framework created by the American Institute of Certified Public Accountants (AICPA) that is the highest industry standard for managing client data based on security, availability, processing integrity, confidentiality, and privacy. SO/IEC 27001 is the international information security standard established by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC). This certification ensures that VEERUM maintains the security of assets, including financial information, intellectual property, employee details, and information entrusted by third parties.

Through robust encryption, access controls, and compliance with industry regulations, we ensure the utmost security and privacy for your sensitive data. You can trust VEERUM to safeguard your information throughout its lifecycle.

It will take a long time to see return on investment (ROI): "It's unclear how quickly we'll see a return on our investment. What is the guaranteed ROI, and how can we measure it?"

VEERUM is committed to delivering tangible ROI for our clients. We work collaboratively to set clear objectives and metrics for success from the outset. Through analytics and reporting features, VEERUM DigitalTWIN provides transparent insights into the impact of digital twins on your operations, helping you measure and demonstrate the achieved ROI. 

Some of the ROI our clients have achieved include substantial returns in both cost savings, efficiency, and safety. For instance, safety improvements alone, such as reducing rework instances, have resulted in client savings of up to $500,000. Enhancing field productivity has translated to an annual saving of $960,000, while a 5% improvement has contributed an additional $250,000. Cost and schedule optimizations have further bolstered these numbers, with reductions in contractor hours leading to $150,000 in annual savings and improved design productivity contributing an additional $150,000 per year. VEERUM's digital twin solutions are not just transformative – they deliver measurable and impactful results for your organization.

"Employees may resist adopting new technologies. How can we overcome resistance to change and ensure smooth adoption?"

VEERUM recognizes that successful adoption extends beyond technology—it involves people. Our approach includes comprehensive training and change management strategies to ease the transition. By involving key stakeholders early and fostering a culture of innovation, we ensure that your team embraces the benefits of digital twins with enthusiasm.

At VEERUM, we work as your partner in overcoming objections and achieving the full potential of digital twins for your organization. Let's navigate the digital transformation together, ensuring a value-driven experience. Ready to work visually? Explore the possibilities with VEERUM today.


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