VEERUM | Top 10 Digital Twin Solutions Company - 2023
VEERUM: Powerful Data Visualization for Operational Productivity
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CIOREVIEW >> Digital Twin >> VEERUM

VEERUM has been recognized by CIOReview Magazine as the recipient of “Top 10 Digital Twin Solutions Companies - 2023,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the CIOReview research and editorial team based on insights from an interview with David Lod, CEO.

VEERUM
Powerful Data Visualization for Operational Productivity

VEERUM

David Lod, CEO
Oil and gas, mining, utilities, manufacturing, and other asset-intensive sectors are bidding adieu to traditional processes and embracing new digital tools to remotely monitor and analyze their remote facilities. At the heart of this digitalization is the digital twin, a visual tool enabling businesses to manage assets, environmental concerns, and stringent regulations from anywhere in the world. Since these requirements seldom leave any wiggle room for error and guesswork, leaders are leveraging digital twins to gain real-time visibility into their assets and associated processes.

A company making significant contributions to this thriving wave of next-generation digital transformation in asset-intensive industries is VEERUM. The firm delivers an innovative digital twin solution that maximizes operational productivity, bolsters business profitability, and improves safety across heavy industries.

“VEERUM is a single pane of glass where clients can see all of their data that has traditionally been in highly siloed and segregated systems and needed subject matter expertise to access,” explains David Lod, CEO of VEERUM. “The cloud-hosted application enables a new visual way of doing work for geographically dispersed teams. Our clients are leveraging the digital twin to make data-informed decisions and drive real productivity gains in industrial maintenance and operations.”

The award-winning platform enables businesses to conduct remote-based maintenance, planning, and project execution. The platform generates tremendous value for businesses with geographically dispersed assets by allowing facility owners to view and validate site conditions without physically traveling to the site.

VEERUM is simple to use and easy to implement as it does not require any hardware or software installation. VEERUM’s team combines the 2D and 3D CAD files of clients and overlays them with geospatial datasets. By superimposing photogrammetry files, laser scans, drone flight captures, and 360-degree panoramic photos, the platform displays real insights into the conditions of each piece of equipment or asset.

If clients do not have CAD models of old legacy brownfield facilities, their users can drag and drop items from tag lists onto the reality scan of their facility to seamlessly build data-enriched digital twins of brownfield assets. VEERUM also integrates and unifies real-time operating and SCADA information, giving supervisors a comprehensive view of the pressure, humidity, flow rate, and other field parameters.

With out-of-the-box API integrations with SAP, IBM Maximo, Opentext, Sharepoint, and many other widely-used tools, VEERUM effectively connects all existing digital investments in an easy-to-use tool for all users in the organization.

Regarding large industrial asset and facility management, legacy planning and maintenance procedures necessitate the use of numerous standalone systems. Considering that facility managers must also travel to validate site conditions, the processes demand a lot of time while putting personnel at risk. Though carrying out these procedures can seem daunting, businesses using VEERUM say otherwise.

“VEERUM has enabled our field and office facilities planning and execution teams to collaborate more effectively by removing countless hours of calls and driving to sites for confirmations,” reports the EVP of a national oil and gas company.

Our clients leverage VEERUM to make data-informed decisions and drive real productivity gains in industrial maintenance and operations

Users can log into VEERUM and gain access to real-time conditions of their sites, substantially improving productivity and reducing field exposure hours. While doing shutdowns and turnarounds, businesses can save millions of dollars on de-risking critical component installations, seamlessly managing their facilities, and communicating with third parties. Visualizing the site in 3D formats enables VEERUM users to understand data 60,000 times faster than text formats, and increases information retention by 400 percent. For businesses that are not sure where to get started, VEERUM can help. By visualizing existing data sets, organizations can effectively identify data gaps and get started with building new use cases with the collaborative tool.

For a client in the oil and gas industry, VEERUM identified over 30,000 incorrectly assigned and missing asset tags, visualized the assets, and helped them organize their data. This resulted in a fifty percent reduction in site visits, and an improvement in workplace safety. For another client, VEERUM deployed an AI generative model to identify objects with laser scans and linked them back to their existing datasets. What historically took a year to manually perform now takes only a few weeks.

What empowers VEERUM to deliver these remarkable results is its ability to layer digital technologies on top of its longstanding industry expertise. Understanding that the advancements in digital twin technologies are directed toward hybrid vendor models, it is open to integrating with existing and new emerging technologies and helping businesses navigate the ever-changing realm of digital transformation.

VEERUM

News

VEERUM announces support for OGC's 3D Tiles standard to modernize asset visualization for industrial assets

Monday, July 17, 2023

VEERUM is pleased to announce support of industry textured mesh standard file formats.

CALGARY, ALBERTA -
VEERUM’s approach to digital asset management has always been reality-first. The digital twin solution offers world class point cloud visuals, and has now added a mesh-based user experience to further improve remote site collaboration and access.

VEERUM is excited to share the news of its support for industry-standard textured mesh file formats, which include Context Capture, Agisoft Metashape, RealityCapture 3D Tiles, and all CAD/BIM formats.

With the ability to view asset visualization files in their original format, users can now experience data exactly as it was captured or created. This enables them to work with the visual representation they are most familiar with, expanding the possibilities for various use cases that were previously limited to specialized software used by subject matter experts. This visualization solution takes photorealism to the next level, enhancing the overall "remote site experience" for users.

“With 3D Tiles, we have achieved remarkable visual fidelity at continental scale, enabling a photorealistic user experience that mirrors site conditions,” says VEERUM CTO Rob Southon. “Our adoption of the OGC open standard for 3D Tiles provides a new visual way of working, empowering teams to make decisions with hyper-realistic models. What is most exciting is that users can take advantage of the entire VEERUM feature set within these photorealistic 3D Tiles, providing a powerful visual solution for digital asset management.”

What are 3D tiles? In recent years, 3D Tiles have become increasingly popular due to their ability to provide a standardized and scalable format for streaming large geospatial and design datasets in three dimensions. VEERUM, by integrating clients' 3D Tiles and meshes into its cloud-based viewing environment, offers users the opportunity to visualize extensive geospatial data sets with remarkable detail, collaborate effectively, and make informed decisions from any location worldwide. The immersive experience provided by navigating and exploring vast open pit mines or complex industrial facilities remotely in a 3D environment surpasses what can be achieved with traditional 2D plans or simple point cloud viewers.

Moreover, VEERUM's digital twin facilitates the overlay of additional data layers, such as satellite imagery, LiDAR scans, and IoT sensor data, onto existing 3D Tile files. This comprehensive approach offers a deep understanding of an asset's current conditions.

Choosing between reality capture 3D Tiles and point cloud data Point cloud visualizations are commonly used in engineering to represent accurate reality scans of equipment, machinery, and structures. On the other hand, reality capture 3D Tiles are typically preferred when more photorealistic data is required, such as for inspection purposes, including the ability to read nameplates. By providing both options to clients, VEERUM bridges the gap between engineering and visualization use cases, allowing stakeholders to visualize and experience the data according to their preferences.

By harnessing the power of these advanced technologies, VEERUM empowers users to explore projects in a highly detailed 3D environment, seamlessly integrating intricate 3D Tile files and overlaying additional data layers. The future of asset visualization holds tremendous promise.

Top 10 Digital Twin Solutions Companies - 2023

Company
VEERUM

Headquarters
Calgary, Canada.

Management
David Lod, CEO and Rob Southon, CTO; Trevor MacMaster, CCO; Chris Bacon, Director of Finance.

Description
Visualize and unify all your engineering, geospatial, ERP, SCADA and IoT data in a single screen with VEERUM. Empower your team to work in a visual way, resulting in improved efficiency, accuracy and safety outcomes from anywhere in the world.

Top 10 Digital Twin Solutions Companies - 2023

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