Rapid advancements in big data management, digital connectivity, low-cost sensor technologies and high-performance computing, are ushering in the fourth industrial revolution: the Industrial Internet. This paper provides an overview of the Industrial Internet and the infrastructure implementation challenges for the offshore oil and gas industry. The application of the Digital Twin for Asset Performance Management and Real-time Facility Risk Management is described in the paper. The Nauticus Twinity use case for performance management of a supply vessel demonstrates the benefits of a digital twin. Finally, the paper elucidates the challenges of implementing machine learning models in operations to improve asset performance.
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Sharma et al. (2017) studied this question.