Apps: BusinessApps: LifestyleApps: Utilities

Digital Twin

Digital Twins
Digital Twin

Digital Twin

Digital twins are a very new enterprise concept which consists of software-based replicas of business assets, processes, and systems which are based on the Internet of Things. A digital twin can be used as a key for successful business transformations. As a digital representation, a digital twin provides both the elements and the dynamics of how an Industrial Internet of Things device operates throughout its life cycle. Using this technology, an organization can increase predictability and lower risks. The Digital Twin is an up-to-date and accurate copy of the physical object’s properties and states, including their position, shape, status and motion.

Today enterprises can monitor and control systems digitally. This happens by connecting to digital twins. Organizations are able to accumulate information about the operation of the physical system it is connected to. Thus Digital Twins are a formative technology, where physical objects live and interact with other machines and people virtually.

A digital twin learns and updates itself from multiple sources. This system uses sensor data that conveys various aspects of its operating condition ; from human experts, from other machines ; from the surrounding environment; from the historical data from past machine usage, and so on.

An example of digital twins is the use of 3D modeling to create digital companions for the physical objects in order to view the status of the actual object. For example, when sensors collect data from a connected device, the sensor data can be used to update a twin copy or a “device shadow” of the device’s state in real time.

As a new concept, digital twins are still not widely used, but a number of companies have introduced them in order to find the root cause of issues and improve productivity by better understanding and predicting the performance of their machines.

These digital replicas help to find new revenue streams, and change the way businesses operate, as this technology provides unprecedented knowledge and deeper insights.

The concept of a digital twin has been developed since the dawn of the 21st century, when Dr. Michael Grieves, from the University of Michigan, presented the concept and defined some of the future digital twin terminology. It has become cost-effective to implement around 2016, when this concept was included in Gartner’s Top 10 Strategic Technology Trends of 2017. This concept is rapidly becoming a business imperative, covering the entire lifecycle of an asset or process and forming the foundation for connected products and services.

Companies that fail to respond will be left behind. Machine intelligence and connectivity to the cloud allows us an unprecedented potential for large-scale implementation of digital twin technology for companies in a variety of industries. Experts say that by 2018, companies who invest in digital twin technology will see a 30 percent improvement in cycle times. Furthermore, billions of things represented by digital twins are expected to appear within the next five years. Eventually, for every physical asset in the world, we will have a virtual copy running in the cloud that will get richer with every second of operational data

So indications seem to predict mankind is on the cusp of a digital twin technology explosion. The new era is coming.
Digital Twin

Digital twins are a very new enterprise concept which consists of software-based replicas of business assets, processes, and systems which are based on the Internet of Things. A digital twin can be used as a key for successful business transformations. As a digital representation, a digital twin provides both the elements and the dynamics of how an Industrial Internet of Things device operates throughout its life cycle. Using this technology, an organization can increase predictability and lower risks. The Digital Twin is an up-to-date and accurate copy of the physical object’s properties and states, including their position, shape, status and motion.

Today enterprises can monitor and control systems digitally. This happens by connecting to digital twins. Organizations are able to accumulate information about the operation of the physical system it is connected to. Thus Digital Twins are a formative technology, where physical objects live and interact with other machines and people virtually.

A digital twin learns and updates itself from multiple sources. This system uses sensor data that conveys various aspects of its operating condition ; from human experts, from other machines ; from the surrounding environment; from the historical data from past machine usage, and so on.

An example of digital twins is the use of 3D modeling to create digital companions for the physical objects in order to view the status of the actual object. For example, when sensors collect data from a connected device, the sensor data can be used to update a twin copy or a “device shadow” of the device’s state in real time.

As a new concept, digital twins are still not widely used, but a number of companies have introduced them in order to find the root cause of issues and improve productivity by better understanding and predicting the performance of their machines.

These digital replicas help to find new revenue streams, and change the way businesses operate, as this technology provides unprecedented knowledge and deeper insights.

The concept of a digital twin has been developed since the dawn of the 21st century, when Dr. Michael Grieves, from the University of Michigan, presented the concept and defined some of the future digital twin terminology. It has become cost-effective to implement around 2016, when this concept was included in Gartner’s Top 10 Strategic Technology Trends of 2017. This concept is rapidly becoming a business imperative, covering the entire lifecycle of an asset or process and forming the foundation for connected products and services.

Companies that fail to respond will be left behind. Machine intelligence and connectivity to the cloud allows us an unprecedented potential for large-scale implementation of digital twin technology for companies in a variety of industries. Experts say that by 2018, companies who invest in digital twin technology will see a 30 percent improvement in cycle times. Furthermore, billions of things represented by digital twins are expected to appear within the next five years. Eventually, for every physical asset in the world, we will have a virtual copy running in the cloud that will get richer with every second of operational data

So indications seem to predict mankind is on the cusp of a digital twin technology explosion. The new era is coming.

Digital Twins

Source of the image: https://ciowatercooler.co.uk/what-are-digital-twins/

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Apps: BusinessApps: LifestyleApps: Utilities

More in Apps: Business

  • Mobile Payment Technologies

    Mobile Payment Technologies (MPT) Smart devices are rapidly becoming the wallet of the future, and mobile payments...

  • FireFox 57

    FireFox 57 Strikes Back with VR and AI Mozilla Firefox is hyping about the triumphant comeback that...

  • Blockchain

    Blockchain What is Blockchain and could it really reverse the course of civilization, according to zdnet.com Website...

  • Programs That Do Everything, Except Making Money

    Programs That Do Everything, Except Making Money History of Internet: Software dedicated to money, banking, record keeping,...

  • Good Stuff About Investing

    Good Stuff About Investing Where to find the good stuff about investing (For those who’d like to...

  • All-In-One Software

    Did you know that there was a time when you would have to buy all programs separately?...

  • The Bottom Line on Spreadsheets

    The Bottom Line on Spreadsheets The following short article highlights the different components to look at when...

  • Write Stuff Online: Forward to the Past

    Write Stuff Online: Forward to the Past Today, many word processing software is available, ranging from free...

  • What Is Microsoft Office Delve App?

    What Is Microsoft Office Delve App? Office Delve app is an app that is part of Microsoft’s...

©2017 iGotOffer.com. All Rights Reserved. iGotOffer.com is not affiliated with the manufacturers of the items available for trade-in. iGotOffer.com is trademarks of Best Video Studio LLC, registered in the U.S. All other trademarks, logos and brands are the property of their respective owners.