Do you want to take your digital transformation initiatives to the next level? Then it might be a good idea to check out the digital twin concept. It is a key concept in digital transformation that will help you create new business models, speed-up innovation, and reduce costs and lead times. But what is a digital twin?
A digital twin is a digital representation of a physical product or process. The idea behind the term is to let a real object exchange data with a virtual counterpart. By doing so, analysis can be made on the virtual entity, enabling predictivity and proactive decisions.
The technology used to achieve this isn’t necessarily new. Simulation and other computer-aided methods have been around since the 1960s. What is new is the way we use these technologies. Advances in cloud computing, data analytics, and artificial intelligence have made it possible to use them in new and innovative ways to gain insights that were unimaginable just a few years ago.
The digital twin is versatile. It is a useful concept in most industries and applies to a wide range of applications. For example, in a typical manufacturing company, products are developed, manufactured, and later distributed to and operated by customers. Digital twins are useful throughout this entire product lifecycle. From the conceptual development phase, all the way to the product disposal.
- Product development - Product twins enable virtual prototyping in the development phase
- Manufacturing - Process twins enable virtual production planning in the manufacturing phase
- Logistics - Digital supply chain twins improve logistics planning and demand forecasting
- Utilization - Customer-facing twins enable analytics and autonomy when the product is in use
The digital twin will add benefits both internally and for your customers, regardless of what industry you are working in. What you need to do is to figure out what it means for your business and how it can help you create a unique value. Eradity can help you in the process. There is no reason to wait. If you want to take your digital transformation initiatives to the next level - get to know the Digital Twin! It will be worth it.