Digital Twin is an investment of any modern company.
Digital twin technology is the ultimate way to monitor, analyze, and optimize any asset or process with maximum efficiency for lower operation and maintenance costs. The possibility of simulation of various scenarios without investment in physical production is what attracts businesses. Forbes and Gartner agree that the majority of big companies have already implemented digital twins in their operations and observe significant costs reduction connected to that. Smaller companies should understand that digital twin technology is the most reasonable investment in the post-COVID world as it speeds up logistics, prototyping, management, sales & marketing, production processes.
Digital twins gained deserved popularity over the last couple of years simply because remote operations, consulting, and work have become habitual. Moreover, digital twins provide businesses with an advanced level of control and transparency over multiple processes.
Digital twin use cases are all-encompassing and incredible. In reality, any object, system or process, can be visualized with the help of digital twins. For example, today it is possible to build a digital twin of a power plant! to track numerous security parameters in real-time and react accordingly.
Digital twins are built with the help of XR ( extended reality) technologies but can also be empowered with the Internet of Things as well. Imagine a digital copy of the turbine which streamlines data received from sensors to anyone on the web or mobile application.
Digital twin examples and use cases are numerous: Singapore is building a digital twin of the city. Airports and power plants choose to have IoT-powered digital twins to control all the processes and avoid possible accidents. There are also digital twins of places that help to make life more comfortable for multiple employees or tenants.