Unlock the
Single Authoritative Source of Truth
About Your Asset

Vista’s truth-based industrial engineering refers to a specialized data-centric execution model that organizes all data – engineering, vendors, fabricators, operations, etc., – in a technical data portal. The secure, cloud-hosted portal creates a single, authoritative source of truth about projects and assets, and is accessible to all current and future stakeholders.

In the field of data architecture, single source of truth (SSOT) describes the structuring of information systems in a way that enables each data element to be stored and accessed in only one instance. SSOT systems eliminate data duplication and lead to data that is more accurate, reliable and certain.

Like SSOT, in the field of data architecture, an authoritative source of truth (ASOT) describes a centralized system – or digital environment – for organizing data that ensures the singularity, validity and credibility of digital entities. ASOT systems ensure the data quality across all stakeholders throughout the life of the asset.

A technical data portal – also known as a digital project hub – is the web interface where stakeholders store, edit, and view data about an asset. Technical data portals aggregate information from multiple software applications, ensuring a seamless integration and data analysis. The technical data portal is powered by a software application that requires user licenses to access.

No, Vista’s truth-based industrial engineering can have many benefits for both brownfield and greenfield projects. A data-centric execution model applies to all types of projects and assets.

However, additional one-time implementation work will likely be required for an existing asset that was developed under a traditional, document-centric execution model. Once the single, authoritative source of truth is established in a technical data portal, it carries forward throughout the asset’s lifecycle.

The cost of implementing a truth-based approach depends on the details of the project and asset. That said, we generally find that there are opportunities to reallocate budget from traditional spending areas in order to cover the costs of a data-centric execution model.

As with any new software application or project execution approach, it can take time for team members to learn the systems and feel comfortable in their daily routines. We recommend going at a pace that works for your organization and implementing a truth-based approach in phases. Contact us today to discuss the various integration opportunities.

Vista’s truth-based industrial engineering is available to a variety of clients and assets across all the industrial markets we serve. We find that the condensed project timelines and automated quality actions are particularly useful for assets with new technology where the ability to perform rapid design iterations is extremely valuable. But really, any infrastructure asset with a life expectancy of more than 5 years can benefit from our data-centric execution model.

The total installed cost (TIC) is the investment required by the asset owner to design and construct a project. TIC is a metric used for both greenfield projects (i.e. building a new facility) and brownfield projects (i.e. upgrading or debottlenecking projects on existing facilities). Costs incurred after the project is completed and in operation are not typically included in the TIC.

The total cost of ownership (TCO) is the total investment required from the owner over the entire life of the asset, for however long the asset is owned. TCO can be thought of as the sum of all project TIC over the span of the asset’s life, which can be upwards of 25 years. Owners can realize significant cost savings by considering TCO implications from the onset of an asset.