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Erschienen in:
2022 | OriginalPaper | Buchkapitel
Digital Twins as a Method of Risk Management Transformation
verfasst von : L. V. Ermolina, A. M. Zinovyev, D. A. Melnikova
Erschienen in: Digital Technologies in the New Socio-Economic Reality
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Abstract
Digital Twins or Digital Doubles are electronic copies of real-life assets of the company. It mirrors the behavior of the object and states over throughout its life cycle in a virtual space. Digital Doubles are being adopted by increasingly more industries, transforming them and bringing new opportunities. This article focuses on their role in risk management programs in the oil and gas sector. There are 10 basic principles of Digital Twin that can efficiently improve the performance of the company. The implementation of this technology can have a huge influence on how oil and gas enterprises use and manage their huge amount of data and information. The required information is shared among interest parties upon request. The advantages and disadvantages of the imminent digitalization of the industry are determined as well. One of the main befits of Digital Doubles is the promise to bring the industry to new levels of productivity and sustainability.