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.
The success of IoT comprises two major elements: the standardization of communication protocols and the quality of data.
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.
We take a look at the parallels between the history of exploration and production of oil, and of data.
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.
Entire new economies in consumer markets have been built around data-driven modelling, so we expect that these techniques will have a growing impact on industries in the years ahead.
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