The Rise of Digital Twin Technology

The Rise of Digital Twins Technology

With the construction of a growing number of ambitious infrastructure projects, and organizations undertaking increasingly complex operations, Digital Twin technology has seen an explosive increase in adoption across the globe. Whether it’s building large skyscrapers or testing the feasibility of getting employees back to work, Digital Twin technology has simplified planning and helped ensure the successful execution of projects across a variety of industries. 

But how did Digital Twins get so popular? How is it different from CAD or Modelling? Why is everyone adopting the Digital Twin technology? We’ll explore all these questions in this blog. But before we begin, let us briefly understand what Digital Twin Technology is.

What is Digital Twin Technology

As the name suggests, Digital Twin Technology helps create a digital likeness of your project or operation. One of the use cases of this digital version is that it allows organizations to simulate their projects and see how they behave in various scenarios without having to make changes to the real project. But how is this different from CAD or Modelling? 

Digital Twins vs CAD and Modelling

Digital Twin technology has been born from CAD and Modelling technologies. These technologies allow you to create a digital simulation of your operation and see how it performs in different scenarios. Digital Twin Technology takes this one step further, allowing users to not only simulate but also add data from other systems to get a deeper understanding of the current situation and what might happen in the future. But this is not all that differentiates Digital Twin technology!

Benefits of using Digital Twins

Digital Twin Technology opens up completely new opportunities for organizations across the board. 

Drastically reduce the time to market

In getting to market, organizations spend a lot of time when creating and designing their products or services. Digital Twins allow organizations to rapidly prototype their products, reducing the time it takes to get to market.

Help improve product quality

Simulating a product’s manufacturing allows companies to identify potential flaws and errors, helping them improve product quality before it gets to production. 

Allows for making real-time adjustments

Using digital twin technology for projects allows the project managers to get real-time updates on the progress. This also allows them to make changes in real-time to avoid potential problems. 

Increase Environmental Sustainability

Designing and testing a product virtually allows organizations to reduce the excess material in product design, hence improving environmental sustainability. 

Make completely data-driven decisions

Digital Twin technology gives organizations access to real-time data throughout their operations. This allows the management to make informed, data-driven decisions, helping boost productivity. 

Boost Efficiency and Profitability

Virtual simulations of operations allow management to tweak operations and see the impact of their decisions without having to make any real-world changes, helping improve efficiency and long-term productivity.

As per a Gartner projection, the market for digital twins is set to reach $183 billion by 2031, and organizations across industries and the world are benefitting from the opportunities opened up by Digital Twin technology. Let’s explore how this technology is helping industries make a great impact!

Source: Precedenceresearch

How various industries leverage Digital Twin technology

Aviation 

The aviation industry uses Digital Twin technology in various departments. From optimizing engine construction for higher fuel efficiency to simulating operations for improving connectivity, this game-changing technology makes a lot possible for the aviation industry. 

Consulting

Organizations such as TCS utilized this technology to simulate the work environment as more and more employees came back to work from the office and plan accordingly for all possible contingencies. Source: CNBC

Manufacturing 

The process of manufacturing benefits greatly from the use of Digital Twin technology as it allows for the testing of new products before they’re put into production, predictive maintenance, and much more. 

Space

Organizations such as SpaceX have used this technology to maximize reliability and safety by monitoring and adjusting the trajectory, propulsion systems, and many other aspects of the spacecraft. 

Automotive

From streamlining assembly and manufacturing to designing and prototyping new vehicles rapidly, the automotive industry uses digital twin technology to continuously push the boundaries for this industry.

Infrastructure Construction

Both public and private infrastructure benefit immensely from the use of digital twin technology. This allows for real-time tracking, improved internal comms, access to better data, and a lot more, helping get these projects completed on time and within budget. 

Supply Chain

Getting materials from their source to a factory, and the final products from the factory to the consumer involves long, complex supply chains which include many moving parts. Digital Twin technology makes keeping these parts in sync easy and allows one to predict issues in the chain to avoid them from happening in the real world. 

Health Care

Providing the highest quality of healthcare to everyone requires precise management of all the different departments of a hospital. This is made simple and intuitive for health care providers by the use of Digital Twin technology, which also allows for the planning of unforeseen events such as a jump in the number of patients. 

Retail

The retail industry utilizes digital twin technology to simulate changes in consumer demand and make adjustments in their supply in anticipation of potential changes in demand so that they’re never left unprepared. 

Digital Twins in Twinsights

Twinsights is a platform that makes efficient, sustainable growth possible through an intuitive platform designed to help organizations connect, consolidate, manage, and plan their projects and assets.

To help organizations achieve this growth, Twinsights offers a myriad of tools, including Digital Twins! With Twinsights, organizations can utilize this technology to:

  • View a variety of data that comes in from various sources, in a single platform
  • Get access to intelligible data and insights through AI
  • Align and get all stakeholders on the same page
  • Make changes to plans on the go
  • Improve the quality of their projects

and much more!

Explore how Twinsights leverages Digital Twins and many other revolutionary technologies to help organizations deliver on time and achieve exponential growth!

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