Get insights into what it takes to trust data-driven and digitalized operations in high-risk industries, and where digital technologies, such as blockchain, can introduce new ways of building trust between stakeholders.
Open Simulation Platform is an ecosystem for collaborative digital twin simulations that will enable virtual exploration of solutions for designing, commissioning, operating and assuring complex, integrated systems.
But processes are nothing if people don’t follow them correctly.
In an increasingly automated world where decisions are based on results from models and algorithms, focus on the data fed into these is of paramount importance.
In October 2017, DNV GL acquired the small Norwegian company ComputIT and with it the well-established computational fluid dynamics (CFD) code, KFX Exsim. The KFX CFD tool strengthened our market position within the risk and consequence segment. DNV GL now offers a full range of tools for risk assessment and consequence analysis of accidental releases of hydrocarbon or toxic materials, as well as fires. Our risk and reliability and quantitative risk analysis (QRA) software portfolio now ranges from Phast and Safeti, efficient and well-established integral model tools, to the 3D KFX simulator for gas dispersion, fires and explosions.
Every company with a network connection has a strategy around leveraging digital technology. The goals are many: to evolve and remain relevant in a changing business environment, to create better customer offerings and experiences, and to forge ahead into emerging markets, to name just a few.
While many countries are already taking decisive steps to try and reduce their carbon footprint, the global cost of inaction on climate change is estimated to reach US $23 trillion a year by 2020. But what more can the energy industry be doing to help bring about change?
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