Boost Your Business With Digital Twin Technology

Topic: Boost Your Business With Digital Twin Technology

It’s a simple concept with powerful potential. A digital twin is a digital representation of a physical object, process, or even person presented in a digital version. Digital twins can help an organization simulate real situations and outcomes, enabling better decision making.

Digital twins let adopters create a complete digital footprint of their subjects, from design and development through the end of their lifecycles. The technology helps organizations understand not only the subject as designed, but also the system that built it and how the product will used in the field, says Tim Gaus, smart manufacturing leader and principal at Deloitte Consulting in an email interview. “With the creation of a digital twin, companies may realize significant value in the areas of speed to market with a new product, improved operations, reduced defects, and emerging new business models to drive revenue.”

A digital twin allows adopters to experiment and find new approaches that can improve production quality, reduce emissions, enhance worker safety, improve maintenance, mitigate flooding, and more, explains Jason Mann, vice president of Internet of Things at AI and analytics provider SAS, via email. “Organizations can then use the knowledge gained from the digital twin to make better, faster decisions, improve citizen and customer experiences, and optimize operations.”

Digital twins can help adopters solve physical issues faster by detecting them sooner, predict outcomes with a high degree of accuracy, design and build better products, and, ultimately, help better serve customers, Gaus says. “With this type of smart architecture design, companies may realize value and benefits iteratively and faster than ever before.”

Digital twins allow businesses to answer questions that can directly impact strategic and operational decisions. “Organizations can move from answering simple questions about asset performance to understanding how these assets — machines, assembly lines, supply chains — will operate in the future, and what actions the business can take to meet performance and uptime goals,” Mann explains.

Manufacturers are the businesses most likely to gain value from digital twin technology. “Manufacturers look to understand the causes of downtime, model scenarios to improve efficiency, and reduce waste,” says Devin Yaung, senior vice president, group enterprise, IoT products and services, at technology and business solutions provider NTT, in an email interview.

Topic Boost Your Business With Digital Twin Technology

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