I think when we look at a particular asset, the reality is more than 80% of that asset, or the total operating cost of that asset is in the operations and maintenance phase. But it’s also where most of the historical innovation and digitization has happened. We’ve never really closed the loop on optimizing the total operating cost.
At Autodesk, we build technology and platforms that enable our customers to solve some of these problems. We’re seeing different types of data that sit in different environments. And historically, we spent many years trying to migrate data from one environment into another environment. By the time we migrate that data, it’s redundant. The reality is, with the technology and the platforms we now have, we can create these federated data environments that open access.
But to get the benefits of things like AI and machine learning, you need very strong data. You need lots of data, but you also need a data platform, almost like a data river that allows you to go get access to run these different types of algorithms to get insights. I think that’s the tipping point we’re at right now. The cloud and these emerging technologies like AI and machine learning allow us to transform the way we plan, design, build, and ultimately operate these assets.