The energy and utilities (E&U) industry is becoming more complex as businesses navigate new regulations and price volatility while satisfying customer demands.
To increase profits in today’s uncertainty, E&U companies must reinvent their business models to create new revenue streams and reduce risk. Download our e-book to learn how adopting a model-based systems engineering approach connects operational requirements from various disciplines to improve internal processes and communication. With integrated engineering management in place, silos are eliminated, resulting in greater communication and collaboration along with lower project costs.
Deliver projects on time and within budget
Inside E&U businesses, heavy investments in discipline-specific software tools have resulted in misaligned project objectives, poor communication and limited data-sharing. In addition to creating information silos, the software limits collaboration, leading to frequent error corrections that increase project costs and delay completions. By incorporating a systems engineering approach, isolated digital tools and information systems are connected into a central digital backbone, creating a unified digital twin of your entire enterprise. Important data becomes easy to find while data changes for a specific area are immediately known to stakeholders. As a result, collaboration and productivity increase, making it easier to deliver projects on time and within budget.
Compliance management software
With a model-based systems architecture in place, project requirements can be structured across key disciplines using integrated compliance management software. System processes are now supported by tools and methods promoting multi-domain and multi-level interactions across teams using simple, graphical-form interactive models. As a result, engineering teams can streamline information and communication in compliance with regulations to fulfill project requirements.
Why engineering collaboration is important
Using a systems engineering approach, everyone connected to a project stays informed, regardless of their team. Changes are now tracked, and optimized systems support project teams across the company. Cross-domain engineering collaboration and improved communication enable E&U businesses to solve engineering challenges faster while creating improved configurations. Knowledge workers maintaining complex assets or executing capital projects can quickly respond to challenging situations with data-driven decisions.