The thoughts introduced in the legendary science fiction movies such as Matrix and Avatar, where people live in a digital simulation world and have their virtual models, are likely to become reality. The idea shown in the movie is only possible because of technology named digital twin. It creates a virtual replica of the product or process in the physical world. While the concept of a digital twin has been around us since 2002, it has made its way into human lives and businesses in the last 3 years.
What is Digital Twin Technology
The digital twin is not all about creating the digital copy of a human. Indeed, it refers to a virtual model of a real product, process, people or service that can monitor, analyze and improve its performance. This newly emerging, fastest-growing technology can bridge the gap between virtual and physical world. Isn’t it great that we can build what-if scenarios of any product or process and test the impact of any modification virtually before the real-world implementation? This is the promise of digital twin and, many businesses are taking advantage of this promise.
Powered by a combination of computer-aided engineering, Internet of Things, machine learning and Big Data analytics, digital twins can mirror the physical twin and reveal issues before they occur. To do so, they rely on sensors which collect data from the physical world and send it back to the digital twin. Thus, the consistent flow of data between these two entities allows the virtual prototype to exist simultaneously with the physical entity.
Benefits of Digital Twin Technology in Businesses
Cost Cutting - Before launching a working prototype model, the product goes through multiple iterations. This significant contribution of time and labor is very expensive. But, the digital twin has made it easier for all test engineers. They can now reduce defects, carry out the required tests and simulation in a virtual environment before implementing it in real-world. Hence, it helps in the reduction of costs in production and maintenance.
Reduced Time-to-market - As all the tests are performed on the virtual environment, the overall improvements take very less time and also it is much easier to do. Thus, optimizing the effectiveness of the product, you can make it live in the market as soon as the production begins.
Predictive Maintenance – The predictive maintenance solution powered by digital twin precisely helps to solve the problem in advance. It can forecast the downtimes and automate the operations accordingly.
With the evolution of digital twin technology, more companies will learn the new opportunities provided by the digital world to gain a competitive advantage. It enables individuals to monitor, analyze, and optimize the performance of various systems and helps to make better decisions.