McKinsey<\/a> estimates that digital twin technologies can drive a revenue increase of up to 10%, accelerate time to market by as much as 50% and improve product quality by up to 25%.<\/p>\nGulhane further highlighted three prominent sectors where digital twins are already being applied to great effect:<\/p>\n
Manufacturing<\/strong> \u2013 Leveraged by leading manufacturers, digital twins are a core component of Industry 4.0 that help to enable the continuous optimization of manufacturing processes throughout the product lifecycle. In particular, digital twins of factories are utilized to enhance the management of production flows, predictive maintenance, workforce safety and more.<\/p>\nTransportation<\/strong> \u2013 Digital replicas of complex transportation systems can help researchers and developers to better understand, create and manage the infrastructure responsible for moving people and goods from Point A to Point B. For example, major airports around the world have begun applying digital twin technologies to create holistic views of their operations, enabling the optimization of everything from traffic control to baggage handling for improved operational efficiency.<\/p>\nLife Sciences<\/strong> \u2013 As researchers raced to develop safe and effective vaccines to combat COVID, manufacturing planners leveraged digital twins to simulate industrial processes, supply chains and logistics so that production could be scaled up quickly and efficiently.<\/p>\nKeeping the above in mind, a country like India has an enormous scope to utilize this opportunity. Higher-quality, advanced products and processes are delivering greater margins and further driving faster and permanent innovation. The Internet of Things is further revolutionizing many aspects of manufacturing operations, including real-time production monitoring, improving metrics accuracy and production efficiency. These are exactly the investments that India needs to make as it is the need of the hour. India\u2019s service sector, which accounts for 53 .89% of total India\u2019s GVA (Gross Value Added), can leverage the opportunity by adopting the latest offerings of web 3.0 to leverage technologies like Digital Twin.<\/p>\n
The proliferation of digital twin technologies is poised to continue, as there is great value in being able to better understand physical objects and systems without having to run costly analyses.<\/p>\n
What Does the Future Hold for Digital Twins?<\/strong><\/h3>\nIEEE Senior Member Roberto Saracco believes that digital twins will be increasingly leveraged moving forward to help address some of the most pressing challenges facing our world.<\/p>\n
\u201cThe pandemic\u2019s impact on global supply chains have highlighted logistics challenges that must be addressed if we\u2019re to avoid future disruptions,\u201d said Saracco. \u201cIt is reasonable to believe that digital twins, empowered by machine learning, internet of things devices, data lakes, automation, and other disruptive technologies, will play a role in redefining how we move things \u2013 and people \u2013 from one place to another.<\/p>\n
Gulhane believes that digital twins maintain virtually limitless potential.<\/p>\n
\u201cIncreasing amounts of cognitive power are being devoted to digital twins\u2019 use,\u201d said Gulhane. \u201cDigital twin technologies are also going to be optimized in the future through advances in other emerging technologies, which will help to generate the new insights required to make products and processes more efficient.\u201d<\/p>\n
\nThis article was contributed by IEEE<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"The Digital Twin concept has been around since the 1960s. It’s only now that various industries are using it, due to recent advances in innovative technologies.<\/p>\n","protected":false},"author":1,"featured_media":11642,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[2189,109],"tags":[3380,3392,121,2512,449,299,1657,928],"acf":[],"yoast_head":"\n
Everything You Wanted to Know About Digital Twin<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n