Top 8 digital twin benefits
by
Nancy White
for
PTC
Recommended by
Paul Shale
Chief Commercial Officer
The benefits are very briefly outlined:
- Improved customer satisfaction
- Improved product quality
- Reduced time to market
- Inform and drive sustainability efforts
- Enhance supply chain agility and resilience
- Enable new business models (ie: product as a service)
- Drive operational efficiency
- Improved productivity.
Why it’s relevant to Nextspace
The brief summaries of each benefit may contain entry-level language useful to Nextspace Partners. Or simply the ability to quote the list of benefits, citing the PTC link.
Some interesting stats from the article:
- A PTC survey of 300 executives found 95% had digital twins as part of their digital transformation strategy, with 86% wanting to pursue or invest in digital twins.
- Celli converting beverage dispenser data into a subscription to optimise stock inventory.
- Harpak-ULMA citing up to 60%productivity gains through the use of AR guidance during the execution of critical tasks.
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.
