Learning Concepts hands-on
Digital Twins
A digital twin is a virtual copy of a real-world object, location or system that mimics its behaviour and performance.
Digital twins are created using real-time data from sensors and CAD data to simulate the physical counterpart and monitor its operations. They can be used for a variety of purposes, including simulation, monitoring, maintenance and enabling better and faster decision-making.
Why Deploy a Digtial Twin Solution?
Digital twins enable faster, data-driven decisions by leveraging both real-time and historical data, along with better predictive and forecasting capabilities.
Digital twins of entire organisations (DTOs) allow for real-time analysis and rapid strategy adjustments in response to changing market conditions.
Engineers can monitor any part of a system at any time, tracing complex interactions between product elements.
Digital twins allow for better testing and validation of products in a wide range of scenarios, leading to fewer quality issues. It also provides a risk-free environment for exploring design options without physical consequences.
Key Business Outcomes from Successful Deployment
Cost savings: Businesses can achieve up to 52% cost savings over a two-year period by implementing digital twin-based training compared to traditional methods.
New revenue streams: Digital twins enable value-added aftermarket services, potentially increasing revenues by 5-10% in some product categories.
Reduced physical prototyping & development time: Companies have reduced the number of expensive pre-production prototypes from two or three to just one, with some users reporting a cut in total product development time by 20-50% percent when using digital twins.
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