What is the digital thread? And why does it matter when thinking about the operating life of an asset? PTC, who recently acquired ServiceMax, gives this definition: A digital thread creates a closed loop between digital and physical worlds, transforming how products are engineered, manufactured, and serviced. Digital threads seek to create simple access to data. They follow a single set of related data as it weaves in and out of business processes and functions to enable continuity and accessibility. This digital thread begins even before the asset exists, in the conception, requirements, design, engineering, and plan of manufacture. But that is only the beginning of this vital thread that runs throughout the asset lifecycle. The birth, life, and demise of an asset Assets and equipment begin their existence as an idea, a draft, a set of requirements, or a need. How is that initial requirement captured and saved? How is it recorded, where, and by whom? What is the result? Schematics, CAD drawings, designs, and prototypes. This is the start of the digital thread — the concept, design, requirements, and model of the asset. Following on from the concept, there are iterations of design, model, build, test, modify, […]