A Powerful Combination: Asset Management and the Digital Twin

A digital twin is a permanent digital replica and record of a physical asset, built on the 3D model and enriched throughout construction with who installed what, when, in what quantity, and with what issues. For asset management, that record is what lets an owner operate, maintain, and extend the life of the asset from day one of operations instead of rebuilding the knowledge after handover.

Why Are Owners Investing in Digital Twins?

As capital projects become more complex, managing these costly assets means bringing crucial data together in new and better ways. One of these is through the creation of digital twins, permanent 3D replicas that serve as virtual snapshots of deliverables.

Investment is growing. In a 2026 Verdantix survey of senior executives at energy, mining, transportation and water organizations, more than 70% said they plan to increase digital twin spending over the next two years. More than two-thirds named fragmented data and siloed digital platforms as their primary technical challenges, the problem a digital twin is built to solve. AI is part of the picture too: half of respondents use AI to support inspections, and more than 40% have implemented AI-based failure prediction, both of which draw on the kind of asset data a digital twin keeps.

Defining and Understanding Digital Twins and Data Visualization

The digital twin is a permanent digital replica and record of the physical asset. It is constantly enriched during the execution of the actual work. This provides more insight into the serviceability of the asset during its operational lifespan and enables a more proactive approach to supporting and extending this lifespan.

Digital twins are achieved by what we call knowledge or project data. To begin, we need a 3D model which depicts the physical dimensions of the asset being built. Imagine adding additional attributes (the project data) to the basic physical attributes in a 3D model. These may include installation activities, who carried out the work, quantities installed, risks identified, issues encountered during installation, and time at which the installation was conducted.

The digital twin captures the information during the project life cycle, thus allowing that information to be analyzed and leveraged. Why is this important to asset management? Because it represents a giant leap forward in the knowledge management process. And the benefit of recording the asset being delivered is rapidly gaining the attention of owner organizations. In fact, some owners are now assigning monetary value to the asset itself when these digital twins are present.

Exploring the Role Digital Twins Play in Enhancing Asset Management

As capital projects become more complex, accuracy and collaboration matter more. By collecting data throughout the construction execution phase for final inclusion within a digital twin, owners can get real-time insight into the status of their projects.

Owners and contractors should be able to collaborate on software for asset management and closeout through a 3D model. Such a solution can help contractors and owners manage this equipment handover and continuous project closeout.

Ideally, you want to center what is referred to as a common data environment (CDE) around your model. Therefore, you’ll need accessible visualization software that enables a CDE to tie together project information from various sources, such as modeling software, handover activities and spreadsheets.

Some features to look for include:

  • Adaptability for use before and during construction
  • Built to meet owner and operations needs after construction
  • Optimal for post construction archiving and creation of a digital twin

It’s also important to provide your team tools with which to coordinate throughout construction and operations from an aggregate view of all 3D models using a high-performance 3D viewer.

This will allow any team member with permissions to access vital project information and navigate to and visualize each revision of your 3D environment. With the right software tools, you should be able to do this by using advanced searching capabilities through tags, areas, handover packages and more to find exactly what you’re looking for.

The best modeling tech also offers spatial coordination and clash detection so project teams can identify, assign, and track coordination issues through resolution in the aggregated 3D environment, and quickly visualize problem areas and issue status within the latest project model.

By tracking quantities and pushing changes to your estimating solution, you can keep quantity information up to date throughout design changes.

If you integrate this data within an advanced work packaging solution, you can also create and manage work packages in your model, visualize planned scope and sync back to your plan solution to manage field execution.

How Data Visualization Is Reshaping Construction Collaboration

The visual nature of a 3D project model can bring clear and precise information to the forefront for all stakeholders, giving new meaning to the old adage that a picture is worth a thousand words.

Not every stakeholder has time to learn another software program, so many still track construction progress manually: highlighting plan drawings, which need to be re-highlighted for every new revision, keeping spreadsheets, or building graphs and pie charts. Today’s 3D modeling technology brings all of these together so you can:

  • Track and communicate generalized construction status
  • Track and communicate subcontractor status, i.e., not started, material on site, drilled pier hole, rebar cage installed, delays or issues, etc.
  • Filter your model down to work areas and visualize trades in the same area to identify any possible congested areas according to space and schedule
  • Use external model information linked to model data to visualize material status (ordered, in fabrication, on site, etc.) to help with planning chunks of work
  • Visualize Work Packaging or Work Face Planning to provide a whole new level of understanding project status, trades in the same area, safety concerns and more

The right 3D model visualization can bring great value and reality to the overall project, but communicating data and information concisely, in a way everyone understands, is crucial.

Capturing construction information within the model or in applications linked to model metadata provides the most efficient method to not duplicate effort and visualize up-to-date project information for asset management.

InEight Model brings these pieces together. It integrates disparate models and project data into one common data environment, lets teams review potential design clashes in 3D and visualize progress and status on the model, and maintains a complete history of project data by creating an enriched digital twin that carries into maintenance and operations.

FOLLOW US:

REQUEST A DEMO:

More From the Blog