Merits of Digital Twin among emerging technologies

Digital twin has immense significance in business arena as it is cost-effective solution to implement. From historical angle, NASA pioneered the idea of digital twin and revolutionize technical world.

A digital twin is a virtual model of a process, product or service. The coupling of the virtual and physical worlds enables the scrutiny of data and monitoring of systems to avert problems before they even occur, prevent interruption, develop new prospects and plan for the future by using simulations. Basically, digital twin work as a bridge between the physical and digital world. In digital twin technology, smart components that use sensors to collect data in real-time s, working condition, or position are combined with a physical item. The components are linked to a cloud-based system that receives and processes all the data the sensors monitor. This input is scrutinized against business and other related facts.

Key objectives of digital twin technology is to  close the gap between physical and  digital world,  build a refine repository that link two product together, build a closed  loop feedback between simulated model  and physical  product. Digital twins are potent brains to propel innovation and performance. In business realm, digital twin technology helps to improve the customer experience through comprehending changing requirements of customers, develop improvements to existing products, operations, and services, and assist in driving the innovation of new business.

It can be said that with the explosion of IOT devices, the ability to gather and manage big data, and the advent of sophisticated analysis and prediction technologies, companies are enforced to embrace Digital Twins technology to enhance the status of their brands. Digital Twin technology assures augment business performance. It increases creativity of engineers, innovative power and efficiency as a team as well as impact on business operations such as marketing, sales and manage customer base. Companies adopt digital twin to improve ongoing operations.  Train their workforce and to test new products before launching them in real market.

The digital twin is embryonic technology due to rapid propagation of computing power and copiousness of sensor data generated from an snowballing number of IoT-devices. These trends assist digital models and simulations to become more precise every year. Digital twin technology can support employees to be comfortable with internet of things implementation and automation because they have the opportunity to simulate the application before going to live in market. This is also helpful in manufacturing to lessen the maintenance issues and ensure optimal production output. Digital twin has amazing advantages in healthcare arena as it revolutionize healthcare procedures as well as patient care. A wonderful part of this technology is that it allows surgeon to practice procedures in a simulated environment instead on real patients. Other eye-catching examples of digital twin is seen in deploying to refine formula 1 racing cars.

At bottom line:

Digital twin is one of the gifted technology of future IT arena. The concept of the Digital Twin concept is associated with replication of physical assets of a product, production process or performance of a production system into the digital domain. Operators can make use of design, simulation, manufacturing and analytics software to generate and authenticate these digital twins. When gauge merits of digital twin in business, it is well observed that a digital twin is fundamentally, a virtual demonstration of a physical asset that supports an asset operator to derive actionable insights on both the performance and strength of the asset. These acumens can have positive outcomes such as reduced costs, new income opportunities, and enhanced business operations.