The concept of a
digital twin has been in buzz since 2002, but thanks to the Internet of Things we are now able to
implement it cost-effectively. And today it becomes so imperative to business
and was mentioned in Gartner’s Top 10 Strategic
Technology Trends for 2017.
What Is Digital Twin Technology?
A digital twin is a digital
imitation of a living or non-living physical entity. By combining the physical
and the virtual world, data is transmitted seamlessly allowing the virtual
entity to exist simultaneously with the physical entity.
According to the SAP Senior Vice President of IoT, Thomas Kaiser “Digital twins are becoming a business imperative, covering the entire lifecycle of an asset or process and forming the foundation for connected products and services. Companies that fail to respond will be left behind.”
Importance of Digital Twin Technology
The digital twin is a powerful technology that
evolves to drive innovation and performance in almost every industries. It
offers advanced predictive, monitoring and analytical capabilities at fingertips.
On the basis of IDC prediction “Companies who will invest in digital twin
technology will see a 30% growth in cycle times of critical processes”.
In the upcoming years, there will be billions of things that will fall under digital twins. These replicas of the physical world will bring new collaboration opportunities among physical world product experts and data scientists who predict the future scenario by understanding the data.
Digital twin technology helps Mobile App Development Companies to improve the customer experience by understanding their needs more specifically, develop enhancements to existing products/ IoT Security solutions, operations, and services, and
drive the innovation in new business.
How does a digital twin work?
A digital twin
basically combines the physical and digital world. Smart components with
sensors collect the data about real-time status, working condition or position
are consolidate with a physical item. All the smart components are connected
with a cloud-based system that receives and process all data. These data or
information is then analyzed against the business.
With the help of the analyzed data, data analysts introduced opportunities that are presented within the virtual environment. These opportunities can then be applied to the physical world.
Applications of Digital Twins
Digital Twin is the next big concept introduced
for various business sectors, which helps in precisely foresee the current
state and future of physical assets by analyzing their digital components.
With the help of Digital Twins, AI Solutions providers are improving customer service and making better operational and strategic decisions based on insights.
Following are the sectors that are started using applications of Digital Twins:
Manufacturing Industry
Digital Twin is transforming the current face of
the manufacturing industry, they have a significant impact on the way Mobile App Development Services are designed and
maintained. It makes App
Development Services more efficient and optimized.
Automobile Industry
Digital Twins can be used in the automobile
industry for creating the virtual model of a smart vehicle. It collects the
behavioral and operational data of the vehicle and helps in scrutinizing the
overall vehicle performance.
Retail Industry
In the retail industry, engaging customer
experience is key and Digital twin plays an important role in its enhancement.
By creating virtual twins for customers it helps in better in store planning,
security implementation, and energy management in a systematic manner.
Healthcare Industry:
Digital Twins along with data from IoT Integration Services can play a vital role in the
health care industry from cost savings to patient monitoring, preventative
maintenance and providing personalized health care facilities.
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