What is a Digital twin?
The concept of the digital twin was originally proposed in 2002 by Michael Grieves for use in the field of product life cycle management (PLM) and gaining momentum with advancement in IIoT ecosystem. The phrase “Digital Twin” refers to digital replica of any physical object, entity, process, person, or a system contextualized in a digital version of its environment. It is a virtual model designed to reflect the properties and behaviors of the physical object and its environment. Digital twins enable organizations to model real-world scenarios and their outcomes, enhancing decision-making and increasing confidence in achieving desired business results.
In a bright sunny day, imagine yourself as a COO overseeing your company’s production facility. Suddenly thrust into a high-stakes decision-making scenario demanding extensive research by evening. The time pressure is intense, increasing the risk of errors and uncertainty. Now, envision your organization possessing a Digital Twin of the entire Supply Chain. It autonomously simulates multiple solutions, presenting them on one screen with probability scores based on robust data. All that’s left is for you to select the optimal course of action.
In the business world, certainty is invaluable, and emerging digital twins can provide it. Essentially, a digital twin is a virtual counterpart of a physical entity or process, allowing realistic simulations for a better understanding of real-world behavior. These twins are continuously updated with data from their real counterparts and include behavioral insights and visualizations. When integrated into a single system, digital twins create an Industrial metaverse—an immersive digital environment that replicates and connects all aspects of an organization, optimizing simulations, scenario planning, and decision-making.
These are the four core technologies upon which the foundation of Digital Twin has been built:
Types of Digital Twins
There can be multiple types of digital twins. For discussion purposes, let us categorize them. Digital twins can be classified either based on the level of abstraction or according to their intended purpose.
Types of Digital Twins classified based on various levels of abstraction:
Types of Digital Twins categorized based on their intended purpose:
Benefits & Advantages
Challenges And Key Considerations While Adopting Digital Twins
While the benefits of digital twin technology are clear, implementing a digital twin strategy requires careful planning and execution. Here are some key considerations:
Data gathering & communication is rapidly expanding with new developments happening every moment. Moreover, the steady rollout of 5g systems is improving connectivity, and in a short time, the accessibility of data would dramatically increase. Industrial manufacturers are using these opportunities to digitally transform their operations, quality inspections, process and product management systems. This has led to large scale adoption of digital twin technologies in the past year. More and more organizations are now exploring how they can utilize digital twins for better efficiency and productivity.
The operation monitoring and performance management for these industries are being disrupted by new processes that are influenced by digital twins and simulations. The ability to gather data in real time is evolving and technology is becoming more and more cost effective. It would create more openness for the digital twin technology in the industry. Currently, a lot of companies that are implementing IoT are already using digital twins in their operations. Evidently having a profound impact on manufacturing and business, we can expect this trend to continue well into another decade.
Though the current trend clearly indicates adoption is favored by larger firms, the smaller firms would also start utilizing the technology in future for gaining efficiencies and improving their productivity. This would be led by partnerships, subscription models and easy IT hardware rental-services. Since a lot of the firms won’t have access to skilled engineers, there would be a new demand for third-party businesses that would create and manage the digital-twins technology for these firms. Subscription services and new kinds of sales which rely on rentals and long-term financing plans are expected to rise. The Industrial manufacturing industry is expected to see multiple partnerships with technology savvy firms in the next 5-6 years.
The technology of digital twins would be impacted by generative AI and machine learning. Both these technologies would help the engineers and operators to analyze the data swiftly and come up with new process management plans. The existing tasks of identifying the bottlenecks, maintaining records and predicting future performance would be taken up by the AI systems and that would help the skilled workers to quickly identify the most suited operational models. The edge computation, cloud computing and data availability from various locations would further boost the accuracy of the digital twin simulations. However, the large amount of data would also create a need for high quality hardware and more processing power. Thus, the digital twin supplier companies would opt for collaboration with IT asset intensive firms who are leading with development of IT hardware.
The hardware for Virtual reality and Augmented reality systems are also expected to be cost-effective in coming times. It would revolutionize the technology adoption for training and education purposes and boost the digital twin adoption in newer applications. The existing applications where the usage is still focused on production, quality assessment and monitoring. We expect the future applications would shift to include the entire value chain of the product/process development on digital twins.
Digital twin technology has been slowly evolving over the years and the recent advancements in the communications systems, sensing hardware, capabilities of large-scale data processing, and low-cost availability of various hardware needed for digital twins would increase the adoption of digital twin technologies in various Industrial automation practices.
Due to the large number of benefits offered by the digital twin technologies, more and more businesses would adopt digital twins and it would generate demand for the players who develop, enable, and consult the right use cases of digital twin technologies.
The rise in adoption of digital twins would also force firms to select, rank, and prioritize certain processes/ applications over others for adopting digitization for a smooth transition. Only the organizations with a well-crafted digitization strategy would benefit financially. Other organizations without a well-crafted strategy of digitization would suffer in adoption and could see short term resistance with various stakeholders.
The success of digital twins’ strategy for organizations would also depend on selecting suppliers who have demonstrated success with similar use cases, are financially reasonable, have access to the futuristic technologies, can provide multiple cost-effective subscription models.
Have queries, contact here for help:
Share your focus area or question to engage with our Analysts through the Business Objectives service.
Submit My Business ObjectiveOur long-standing clients include some of the worlds leading brands and forward-thinking corporations.