How Digital Twin Technology is Transforming Industry and Business

Digital Twin or AI Modelling Technology is one of the most influencing technologies of the future. This concept depicts merging of the virtual world with physical so that industry products are integrated with better digital illustration. During the development lifecycle of a product, companies can have a complete track of record from it's designing to deployment using Digital Twin. This technology consists of AI, IoT, Machine learning and Big Data, the key players for industry 4.0. The broader extent and usage of IoT have turned digital twin technology into a strongly productive and economical mechanism for the business world.

We can call Digital twins as the digital counterpart of the physical resources. They are designed as the digital replicas of the devices or real sites using sensors. They are created before building a real asset. By this, companies have a complete overview and experience of the product they are going to invest on. For building a digital twin of a physical device, engineers collect and analyze data from a variety of sources comprising of manufacturing data, operational data, analytics and so forth. This technology is getting used in the sectors mentioned below.

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Applications based on Digital Twin

Retail

In the Retail sector, customer experience is the prime factor which makes a customer come to your place again and again. Now the question arises, how digital twin can help. By implementing digital twin, we can enhance the customer experience by making virtual twins for every customer. This can make a customer experience the product virtually. They also assist in precise store planning, security and so forth.

Automobile

Digital Twins can be beneficial by taking its help in the automobile sector by building digital prototypes of any associated vehicle. It also helps the companies in fetching a vehicle’s operational and behavioral data by examining the complete performance of a vehicle and the parts associated with it. It will become helpful for companies as it will give personalized service to the customers.

Medical 

By using Digital Twin technology in the medical sector, we can get an immense amount of data from IoT enabled devices which can play an important role. By this, we can save money as it helps hospitals and patients in monitoring their health records. Personalized care can play a vital role in a customer or patient’s life because he gets accurate details about his shopping or health or in whatever sector he is associated with.

In short, digital twins help the companies in forecasting the current and future situation of a physical asset by investigating their digital counterpart. By taking services of digital twins, companies can get better understandings about product performance, it enhances customer service and also helps in making strategic decisions.