Perspectives
Having worked with a wide range of clients, and over many years and many indusitries, we have gathered a unique set of perspectives about how advanced softeare can be used to best effect. Here we share a few thoughts, and delve deeper into some of our perspectives.
Risk Management
Risk Management or 'Asset Integrity Management' is a mature concept but it is not necessarily done with modern, automated methods that produce objective and optimised solutions.
Risk Management is becoming a more complex topic as organisations need to consider health & safety, societal & environmental impact, brand & share price impacts along side traditional asset management.
Clients have invested heavily in ERP solutions with bolted on AI/ML features. However the base systems and processes are unable to provide the true Dynamic Digital Twin features, or help explore the uncertainties challenging the organisation.
Our consultancy is able to guide you to solutions that provide cost optimal and optimum operational risk profiles, implementing a modern practice that removes subjectivity and heavy human interaction, achieves corporate risk profiles and exceeds legislative expectations.
Resource Optimisation
Where there is fixed resource and variable demand we run the risk of using the available resources to respond to emergencies of the daily flux and chaos.
Resource optimisation is the set of processes and methods to match the available resources (human, machinery, financial) with the needs of the organization in order to achieve established goals. Most organisations believe they operate with optimised resource yet suffer from poor performance and creeping cost overruns.
The solution to this resource dichotomy needs to consider the business, cultural and behavioral aspects alongside the technical and new technologies. The high level strategic goals need to match the operational incentives of the workforce, and systems need to measure and monitor the correct metrics to ensure deviations are caught early.
Our approach using Dynamic Digital Twins & AI/ML enables the exploration of changes in management policy and process before implementation; provides tools to manages operational resource allocation and facilitates continuous monitoring.
Plausible Outcomes
Organisations employ strong governance when making big decisions to ensure their outcomes meet the objectives. However, no plan survives contact with the enemy! How many organisations understand the impact of a strategy not succeeding? Or what are the other likely or plausible outcomes from the strategy? Are there other adjacent strategies that have similar returns at lesser risk or cost?
AI/ML, Dynamic Digital Twins and Simulation technology enable an organizations to explore the 'what-if' scenarios and understand the sensitivities and uncertainties of their strategy. Better armed with this information boards can make the least worst decisions and be prepared to change direction in-flight to the next best option.
Environmental, Social & Governance
We live in a connected world where choices we make impact others. The Environmental, Social & Governance (ESG) impact of the organisation is now scrutinised by regulators, shareholders and customers. So do you know what your carbon footprint is? Do you understand the impact of actions on your Reputation? Could you make better choices that benefit the company as well as the environment, your neighbours or wider society?
Organizations are using Dynamic Digital Twins & AI/ML to forecast their ESG impact & carbon footprint. Often combined with other forecasts, such as revenue, cost, risk and performance, they provide the full impact on the organisation and environment demonstrating good governance and enabling better decision making.
What are all these acronyms anyway?
Digital Twins, Artificial Intelligence/Machine Learning and Analytics technologies are not off the shelf or pre-packaged solutions. Their very definition is unclear - ranging from 3D building visualisation through to complex simulation and to dashboards. Providing clarity is part of our mission.
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