BENTLEY SYSTEMS, INCORPORATED

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Bentley Incorporated : 22 digital twins trends to be developed in 2022 will be influenced by 2022

01/12/2022 | 10:36am EDT

At the Future of Work Summit on January 12, 2022, CIOs, CTOs, and other C-level and senior executives will speak to them on data and AI strategies.

VentureBeat has launched its 2021 digital twins coverage with Accenture claiming that digital twins would be a top trend for the year. Other consultancies and systems integration leaders have expanded their respective digital twins practices to improve product development, manufacturing, and supply chains. Lessons from these early implementations are helping to shape best practices that will allow more businesses to succeed in 2022.

Digital twin capabilities are also integrated into other services for product design, engineering, construction, manufacturing, and supply chain management rather than marketed as individual solutions. Enterprises face numerous challenges about combining data architecture, knowledge graphs, processes, and cultures that require the most of them to achieve the most from digital twin tools. This list of 22 ways that advances in these tools and new uncertainties in the world economy are expected to come out in 2022 encompassing core capabilities, medicine, construction, and sustainability.

Twin Capabilities of Digital Art

1. Cloud providers are growing their digital twin system to include digital twins.

In 2021, all major cloud providers developed significant digital twin capabilities, according to Microsoft, including a for construction and building management. Google launched a digital twin service for. AWS was launched to simplify digital twins of factories, industrial equipment, and vehicle fleets. Nvidia launched a subscription service across Nvidia's partner network to help to improve the products.

2. Digital twin leaders built new onramps.

Leading digital twin leaders are likely to expand support for and integration with these emerging cloud offerings in the PLM space including Siemens, PTC, and Dassault Systemes, and in architecture and construction, Autodesk and Bentley were both built in 2013 and are built in Germany for the Nvidia Omniverse ecosystem. Over the next year, digital twins leaders will shift from running existing technologies on top of IaaS infrastructure to native PaaS offerings that reduce barriers for enterprises. These new cloud-native services will help enterprises

3. Integrated the interface between things

Many digital twin operations have been designed to communicate and control objects made by different manufacturers, including how they are built, and how they will respond to the physical environment. Two commercial services has been created on top of the open-source Brick Schema, which defines physical, logic, and virtual assets. By 2022, developers, startups, and established businesses will find new ways to develop new user experiences, improve efficiency, and generate revenues that will benefit from a better interface of things.

4. Data interop enables the growth of digital twin ecosystems.

The Digital Twins Consortium's will give it easier for larger-scale digital twin assemblies to be assembled from a collection of designs. Engineers and systems designers will spend more time designing applications from pre-tested components and less time studying how to integrate the applications. This will accelerate efforts to reuse digital twins components in various designs in the same way open-source software has accelerated software development in areas such as supply chains, smart cities, manufacturing, construction, power grids, and water infrastructure.

5. Digital twins catalogs simplify the design of

Digital twins could also present digital twins of assemblies that combine raw components, manufacturing work, and engineering intellectual property that further simplifie design choices and compensate all participants. New NFT markets could provide a way to automate compensation for design components assembled by numerous engineering firms.

6. More rapid simulation leads to new use cases.

Altair, Ansys, Akselos, Cadence, Nnaisense, and Synopsis have launched new simulation algorithms that provide at a much faster clip than Moores law. Hardware innovations from Nvidia and Cereberas can supplement these gains to enable a better performance improvement, which will allow engineers to develop more complex models that reflect electrical, quantum, and chemical effects in areas such as battery design and better solar cells. Faster models will also lead to faster and more actionable predictive maintenance models

7. Process intelligence accelerates the digital twins of organizations

Process intelligence further expands this capability with sophisticated analytics and can automatically generate scripts to automate processes over the last year. Gartner believes that combining these capabilities will boost the market for, which it expects to reach $596 billion in 2022.

8. Human digital twins resisted adversity; they were cautious.

Technology will cautiously adopt new methods for collecting data about human processes in manufacturing, logistics, warehouses, and stores. These digital twins can also help identify opportunities to streamline processes, optimize schedules, and increase uptime. They can also help incorporate social-distancing factors into existing and new processes. Companies to watch include Drishti, Hitachi Vantara, and Tulip Interfaces. Attention is needed to safeguard against pushback against algorithmic management techniques that neglect employees needs.

The health care

9. Medical records are cloud-rich.

Efforts to bridge gaps between medical processes, data, and applications will help realize these promises, according to VentureBeat medical digital twins, a prerequisite for better medical digital twins in 2022. Microsoft is focusing on improving the record capture portion of the process with its.

10. Medical digital twins are the driving force behind medical electronic devices.

Meanwhile, the FDA and researchers are working with the United States to develop digital twins of drugs that reflect adverse outcomes with patient medical records to improve, as well as the introduction of improved digital twins of medical organizations, in 2022. These technologies will also help overworked teams respond to COVID outbreaks while also treating other diseases.

11. Proteomics axes precision medicine.

The FDA stated that a cure was ineffective for 38-75% of patients with common diseases in 2013, allowing Google AlphaFold to automatically mimic the physical structure of proteins from their raw amino acid sequence. This could turbocharge efforts to create personalized digital twins reflecting the effects of drugs and other strategies at the level of proteins and genes. However, this could also accelerate drug development and environmental research.

12. Twins who act as a security guard gain traction

Researchers will begin constructing such standardized software that can be adopted to treat rare diseases in 2022 and will also enable researchers to expand the data from training these models for rare diseases.

13. Lab digital twins utilize experiment-as-code to create experiments.

Nevertheless, when researchers believe they have comprehensively detailed an experiment they can repeat in their own lab, some details are missed in other labs. A new breed of robotic laboratories allows researchers to utilize digital twins to manage experiments as code to allow precise replication in the next lab over or around the world. This kind of repeatability could allow medical research to see the same gains in automation, efficiency, and repeatability as IT saw with infrastructure as code. Strateos claims this approach can reduce manual labor by 90% and increase productivity by 300%.

Construction

14. Digital twins help build back a better and faster life.

The US Build Back Better initiative promises billions in direct construction investments; new reality capture services for surveying existing and potential infrastructure may help cities prioritize opportunities to qualify for more of this money. Examples include automatically producing digital twins of roads and bridges from companies like, Where Technologies,, EyeVI Technologies, and RoadBotics. will help track progress on new construction to optimize scheduling, catch missing information, and ensure safe construction practices. Companies to watch include, Matterport, and.

15. Construction portfolio scale construction

According to the massive investment, cities, states, and government agencies will increasingly adopt tools for eradicating progress, and identifying gaps across hundreds or thousands of individual projects. Cloud-based capital planning tools management tools from companies like Aurigo Software and Oracle will facilitate these large-scale processes.

16. More construction professionals work from home

The combination of pandemic-related concerns and improved construction digital twins could accelerate the adoption of remote construction work, which are gaining popularity from some firms. Building inspectors could automate inspections and reviews using a combination of AI and certified capture methods.

17. Building efficiency is improved by improvements in energy and structural modelling.

Digital twins will accelerate the adoption of more energy-efficient construction designs in many ways. First, better energy performance models will assist architects assess energy implications and estimated operating costs of diverse tradeoffs earlier in the design process. Second, better structural performance simulations may permit progressive building departments to investigate the safety of new construction techniques like that building codes arent yet supporting.

18. Bring home to life earlier

More business companies will want manufacturing closer to the largest markets due to trade tensions with China and global supply chain issues, as well as leading suppliers of manufacturing execution systems, PLM, and new services to bring back better. These will combine digital twins of products and firms to manage factory configurations and product designs as code to offer further flexibility and quality control. Factory employees will be upskilled to higher-paying IT-related jobs to maintain this equipment.

Sustainability

Green taxonomies guide sustainable investment.

According to Bloomberg, environmental and financial data centers, economists, and researchers have developed a range of methods to measure and incentivize sustainability, as well as paradoxical moves like cutting down and burning forests as part of the . Several attempts to develop taxonomies and reporting standards could bring more common sense and collective wisdom to sustainability investing. The US SEC is planning to develop an of sustainability activities, and the International Financial Reporting Standards Foundation is working on a plan to launch more substantive ESG investment services that use digital twins

Circulytics supports sustainable design by 20.

Using a product design digital twins that simulate various repair and reuse scenarios to reduce the impact on landfills and those gigantic plastic patches growing in the ocean, the circular economy is a new strategy that considers how products are sourced, repaired, reused and recycled at the end of life. Major supply chain software and PLM vendors are likely to discover ways to enhance the digital twins in existing tools, including buying best-of-breed sustainability analytics tools vendors.

21. Earth(s) 2.0's ability to crawl is now on Earth(s)

In 1992, I worked on a 2.5 acre analog model of the Earth complete with ocean, desert, rainforest, marsh, and farm, which secured eight people into the closed system for two years. It didnt work well, which then stopped running manned crews after three years. New digital models released last year could scale significantly better, according to Nvidia's plans for (E2).

32. Multi-media and twin games are a common feature of the game.

The proliferation of digital earths will bring in a new wave of more realistic and flexible city developers that allow gamers to play the news. Games such as SimCity, Tropico, Transport Tycoon, and have demonstrated the playability and profitability of the genre. Other versions will allow players to work around supply chain bottlenecks and mitigate the economic and health consequences of pandemics. The next generation of these games will allow players to use semantic layers and built into the digital twin platforms that make it easy to describe the behavior and relationship of things

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Disclaimer

Bentley Systems Inc. published this content on 12 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2022 15:35:04 UTC.


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Sales 2022 1 126 M - -
Net income 2022 177 M - -
Net Debt 2022 1 543 M - -
P/E ratio 2022 58,9x
Yield 2022 0,34%
Capitalization 10 287 M 10 287 M -
EV / Sales 2022 10,5x
EV / Sales 2023 9,21x
Nbr of Employees 4 626
Free-Float 75,5%
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