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Exploring the Business Value of Digital Twins

How digital twins are shaping the future

"Twins" Credit: Aaure

Mikhael Khaimov
Wed, 02/16/2022 - 12:02
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Today thousands of technologies and solutions help businesses improve efficiency, create better products, evolve faster, and so on. A digital twin is a technology that deserves a closer look, especially if your goal is to improve business performance and reduce costs.

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What’s a digital twin, and how does it work?

In the simplest terms, a digital twin (DT) is an exact, detailed, and dynamically updated digital replica of something in the physical world (e.g., objects or processes). A digital twin is run in a simulation environment to:
• Monitor performance and efficacy
• Test different scenarios
• Predict issues
• Find optimization opportunities

Unlike traditional computer-aided design and engineering (CAD/CAE) models, a DT receives live data from its real-world counterpart and changes accordingly through its life cycle.

 …

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