A digital twin is a software replica of a living or non-living physical entity, and seems to be growing in importance now that internet of things sensors are able to provide enough data to create real-time virtual duplicates of machines and processes.
Twins can provide a complete digital footprint of products from cradle to grave, allowing companies to detect physical issues sooner, predict outcomes more accurately, and build better products by maintaining a complete feedback loop from design to retirement.
Among the stated benefits are:
- Lower spending on asset repair and maintenance
- Predictive rather than responsive business decisions
- Improved regulatory and industrial standard compliance
- Better tracking of efficiency and productivity
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