If you build products, you should be using digital twins
by
Yana Arnautova
for
Global Logic
Recommended by
Paul Shale
Chief Commercial Officer
This article outlines some generic benefits of digital twins, a few thoughts on things to consider before developing a digital twin, and a fairly unique real-world example of a digital twin applied to a developer of warehouse automation software.
Why it’s relevant to Nextspace
Several aspects of this article will be of relevance to Nextspace Partners.
First, the highlighting of generic non-quantified benefits:
- Accelerated risk assessment and production time
- Predictive maintenance
- Real-time remote monitoring
- Better team collaboration
- Better financial decision-making
Things to consider before developing a digital twin:
- Data security
- Data quality
- Data maturity
Case study highlights:
- 20% faster time-to-market due to the simplified and automated warehouse design tool (creating a warehouse structure decreased from 12 weeks to 2 hours)
- 85% reduction in the labor force required for structure design processes
- 10x increase in testing intensity due to digital twins
More recommended reads
By
XMPro
for
YouTube
A quick recap of the stages of Industrial Revolution - from 1760
By
Mike Elgan
for
Computerworld
An article that seeks to distance metaverse hype from the value of industrial digital twins
By
Dr Michael Grieves
for
IOT Solutions World Congress 2023
The value of Digital Twins can only be realized if Digital Twins and their virtual environment contain the same data and resulting information as their corresponding Physical Twins and real-world environment. This means that the need for more extensive, faster, and richer sensing of the physical world will dramatically increase as valuable use cases proliferate. In addition, we will evolve from working in physical or virtual environments to integrating and working simultaneously in both environments. Dr. Grieves discusses his views on the opportunities and issues of this evolution.
