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Importance Of Digital Twin Technology

Digital twins act as powerful masterminds for driving innovation and performance. We can see it as the most talented product technicians with the most advanced monitoring, analytical, and predictive capabilities at their fingertips. In the future, companies investing in digital twin technology will see a 30 percent improvement in cycle times of critical processes, predicts IDC

Digital twin technology plays a significant role in improving the customer experience by understanding the customer needs clearly, developing enhancements to existing products, operations, and services, and can even help drive the innovation of new business. Applications Of Digital Twins

The various areas where digital twin technology is implemented are:

1. Manufacturing:

Digital Twin is expected to change the current face of the manufacturing sector. Digital Twins impact the way in which products are designed, manufactured and maintained. It results in efficient manufacturing and optimizing while reducing the throughput times.

2. Automobile:

Digital Twins has also its significance in the automobile sector by creating the virtual model of a connected vehicle. This technology captures the behavioral and operational data of the vehicle as well as helps in analyzing the overall vehicle performance along with the connected features.

3. Retail:

Digital twin implementation helps in augmenting the retail customer experience by creating virtual twins for customers and modeling fashions for them on it. Better instore planning, security implementation, and energy management in an optimized manner are also done by this technology.

4. Smart Cities:

The smart city planning and implementation with Digital Twins and IoT data help in the enhancement of economic development, efficient management of resources, reduction of ecological footprint and moreover, it also increases the overall quality of a citizen’s life. The data generated from the digital twins help them in arriving at informed decisions regarding the future as well.

Digital Twin concept is the next big thing in most of the business sectors, whose aim is to accurately predict the current state and future of physical assets by analyzing their digital counterparts. Organizations can gain better insights on product performance, improve customer service and make better operational and strategic decisions based on the insights generated by Digital Twins.

Thesis
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