Unveiling the Power of Digital Twin: Creating value in the digital era
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- IoT
When something breaks down unexpectedly, the service is much more expensive, spare parts can be difficult to get and overtime work is usually needed. In short, unplanned downtime is very expensive. It is one of the main reasons to invest in creating digital twins, but only a part of all the benefits and possibilities.
Would it be convenient to be able to know exactly how your machines work, what conditions they are in or when would they need maintenance? In today’s world this option has been possible for quite some time, the solution is called Digital Twin. The technology is available, the essence is finding the right business case for your company.
In this blog post, we’ll dive into what digital twins are and explore how they can be leveraged to create significant value.
Understanding the Digital Twin
The concept of “Twin” is rather old. Nasa’s Apollo Program first introduced it, when two identical space vehicles were built, one in space and the other one here on earth.
The Digital Twin is the mind of the machine in other words, intelligent enough to communicate with humans. It offers various of opportunities for businesses to optimize operations, enhance productivity, and drive innovation. Digital twins are part of industry 4.0. The purpose of digital twin is to create a virtual model of a physical object in a digital way to simulate their behavior. The virtual models could understand, predict, estimate, and analyze the dynamic changes in the state of physical entities with the help of sensing data…
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