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September 18, 2020

Akselos and COSMI Group sign MoU on Digital Twin technology

Swiss company Akselos and engineering Services provider COSMI Group have signed a three-year memorandum of understanding (MoU).

By Himaja Ganta

Swiss company Akselos and engineering Services provider Cosmi Group have signed a three-year memorandum of understanding (MOU ).

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The latest MOU aims to bring Akselos ’ breakthrough ‘Digital Twin’ technology to the Italian market.

Akselos ’ Digital Twin technology is being used in offshore industries to enhance safety, reduce maintenance and operating costs. It also supports asset life extension.

Recently, Akselos deployed a structural digital twin for Shell Nigeria Exploration and Production’s (SNEPCo’s) Bonga Main floating production storage and offloading (FPSO).

Cosmi CEO Giorgio Zuffa said: “The energy transition is driving a digital world where operators will use innovative tools to monitor the structural performance of assets in real time, providing information that will allow maintenance teams to optimize processes and resources.

“The synergy with Akselos will allow us to strengthen our offering across all our operational management and engineering services.

“The repurposing of existing infrastructure into less polluting or better performing plants, will require a deep evaluation of structural integrity to extend life safely and efficiently.”

Akselos ’ Digital Twins will be combined with Cosmi ’s engineering and asset management capabilities to create a ‘unique’ offering to customers of all Cosmi ’s core industries.

Akselos senior vice-president John Bell said: “Cosmi is a highly-regarded technical player in Italy and this MOU is testament to their forward-thinking approach to digitalisation.

“We intentionally seek out partners whose approach to breakthrough technology is aligned with our own, and we look forward to learning from Cosmi as we work together to transform energy, carbon capture and heavy industries in Italy.”

In February, Lamprell and Akselos signed an MoU for digital projects.

In February 2019, the Oil and Gas Technology Centre (OGTC) awarded funding to Askelos to advance research and development (R&D) into digital twin technology for the oil and gas industry.

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Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
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Enter your details here to receive your free Whitepaper.

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