Realizing the potential for digital twins in rail
An opinion piece on the benefits of digital twins during the planning, build, and operations phase of rail.
No quantified ROI but $222m in predicted savings for Maha Metro (Maharashtra, India) over 10 years driven by condition-based monitoring enabling predictive maintenance.
Why it’s relevant to Nextspace
The relevance of this to Nextspace Partners is to beware of promoting non-quantified benefits to customers.
It's easy to list off improvements, reductions, savings, increases, optimizations—but means little without a specific digital twin strategy for your customer.
Start small with valuable but achievable ROI and layer the twin build. It's a journey that requires iteration, not a one-off implementation, set and forget.
The US$222m benefits promised in this article are due to be realised by 2028, and being maintenance should be weighted towards the end of the decade of a new build.
Meg, if you're reading this, we'd love an update. Otherwise, we've diaried this one to follow up in a few years' time.