IoT For Business & Creating 'Digital Twins'

If your organisation is planning to leverage the Internet of Things (IoT) to gather data from products and systems, see how goods are performing in the field, enhance factory production, or any other reason, it needs to become familiar with the concept of the “digital twin.”

A digital twin is a digital replica of a physical asset, process, or system that can be used for a variety of purposes. The digital representation of an object provides both the elements and the dynamics of how the object operates throughout its life cycle.

The digital twin is intended to be an up-to-date and accurate replica of all elements of a physical object for which sensor data is available.

Digital twins integrate technologies including artificial intelligence, machine learning, predictive analytics, and sensor telemetry to create digital clones of live and historical performance of physical machines and idealized digital simulation models that evolve based on the data collected from real-world instances.

The more highly instrumented a device is, the more accurately its digital twin will represent its actual historical performance, leading to better analysis and simulation of its future performance.

Huge Impact

How much of an impact will digital twins have? Research firm Gartner Inc. named the digital twin one of its top 10 strategic technology trends for 2017. Within three to five years, billions of things will be represented by digital twins, the firm says.

“Digital twins function as proxies for the combination of skilled individuals [for example, technicians] and traditional monitoring devices and controls” such as pressure gauges, Gartner says.

They add value to traditional analytical approaches by enhancing situational awareness, and enabling better predictive responses to changing conditions.

Digital twins can reduce operating expenses and potentially capital expenses, by extending the life of products or assets they represent and optimising their performance.

The proliferation of digital twins will require a cultural change, Gartner says, as those who understand the maintenance of real-world things collaborate with data scientists and IT professionals. “Digital twins of physical assets combined with digital representations of facilities and environments as well as people, businesses and processes will enable an increasingly detailed digital representation of the real world for simulation, analysis and control,” it says.

Necessary for Innovation

Gartner provides some advice on how to begin using digital twins in an IoT strategy, including holding discussions between IT leaders and business unit executives about the potential business value of digital twins; and how to address the risks such as adding unnecessary complexity, dealing with security and privacy,

Digital twins will not just be a “nice-to-have” technology. They will be necessary for innovation transformation, according to research firm International Data Corp. (IDC). Essentially, digital twins are the extended application of simulation and visualisation throughout a digitally transformed organisation, for better communication and collaboration, the firm notes.

Digital twins are being used today in a variety of industries, including manufacturing, energy, transportation and construction. The types of products and facilities involved in digital-twin applications include aircraft engines, locomotives, offshore platforms, and wind turbines. Companies in these sectors are leveraging digital twins to optimize the operation and maintenance of these products.

That’s just a small sampling. The potential for the use of digital twins is seemingly limitless. Considering that they offer the potential for companies to achieve better insights on product performance, improve customer service and make better operational and strategic decisions, it should not be surprising that executives are keen to understand how best to employ this exciting new technology.

Three Key Areas

Digital twins can provide exceptional value for enterprises in three main areas.

The first is in driving improvements in the manufacturing process.

Companies can use digital twins throughout the manufacturing phases, from initial design to completed product, to make sure the observed performance of the manufactured product conforms to the design goals.

Manufacturing operations can also be optimised by efficiently predicting production line failures and fixing them before they effect target production goals.

Another area is providing efficient predictive maintenance for existing products in the field. Digital twins can provide both historical and real-time data that technicians can leverage. Predictive algorithms can provide insight into potential failures before they occur.

Technicians can use the digital twin to make remote preventative adjustments, without having to go into the field to fix the physical product. When a physical fix is required, technicians can remotely diagnose the root cause of the problem and order the necessary parts before visiting the site to perform the repair.

The third area is developing new products based on real world usage of existing products. Here, digital twins provide insights into how products are being used by customers and what changes could or should be made in new product design and manufacturing to improve market penetration and customer satisfaction.

It’s easy to see how digital twins can have an enormous impact on the way products are designed, manufactured, and maintained. Companies can reap business benefits such as reduced costs, improved customer service and new revenue-generating opportunities.

As better sensors, networks, and analytics platforms are introduced with the ongoing growth of IoT, digital twins will become more and more of a reality for companies. By gathering and analysing the data that is generated by twins, enterprises can truly reap the benefits of IoT.

Network World: 

You Might Also Read: 

IoT Is Becoming A Nightmare For IT:

Guide To The Internet of Things:

You Might Need To Hire AI Expertise Sooner Than You Think:

Key Concepts For Understanding Artificial Intelligence:

 


 

« Crime Has Become Cybercrime
A New Form Of Ransomware Attacks UK Hospital »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

FT Cyber Resilience Summit: Europe

FT Cyber Resilience Summit: Europe

27 November 2024 | In-Person & Digital | 22 Bishopsgate, London. Business leaders, Innovators & Experts address evolving cybersecurity risks.

LockLizard

LockLizard

Locklizard provides PDF DRM software that protects PDF documents from unauthorized access and misuse. Share and sell documents securely - prevent document leakage, sharing and piracy.

Perimeter 81 / How to Select the Right ZTNA Solution

Perimeter 81 / How to Select the Right ZTNA Solution

Gartner insights into How to Select the Right ZTNA offering. Download this FREE report for a limited time only.

ManageEngine

ManageEngine

As the IT management division of Zoho Corporation, ManageEngine prioritizes flexible solutions that work for all businesses, regardless of size or budget.

XYPRO Technology

XYPRO Technology

XYPRO is the market leader in HPE Non-Stop Security, Risk Management and Compliance.

Wizard Computing

Wizard Computing

Wizard Computer Services is a full service IT solutions provider that offers managed services, consultation, installation, and support to small and large businesses in New England.

LEXFO

LEXFO

LEXFO specializes in the security of information systems, assisting clients in protecting information assets using an offensive and innovative approach.

Centre for Development of Advanced Computing (C-DAC)

Centre for Development of Advanced Computing (C-DAC)

C-DAC is the premier R&D organization of the indian Ministry of Electronics & Information Technology. Areas of research include cyber security.

Falanx Cyber

Falanx Cyber

Falanx Cyber provides enterprise-class cyber security services and solutions. We deliver end-to-end cyber capabilities, either as specific engagements or as fully-managed services.

TrustArc

TrustArc

TrustArc provide privacy compliance and risk management with integrated technology, consulting and TRUSTe certification solutions – addressing all phases of privacy program management.

The ai Corporation

The ai Corporation

The ai Enterprise Fraud Solution is an on-prem or cloud-based self-service, machine learning fraud detection and prevention tool set.

Accredia

Accredia

Accredia is the national accreditation body for Italy. The directory of members provides details of organisations offering certification services for ISO 27001.

Envelop Risk

Envelop Risk

Envelop Risk is a global specialty cyber insurance firm, combining decades of insurance industry expertise with sophisticated cyber and artificial intelligence-based analytics.

iSecurity Consulting

iSecurity Consulting

iSecurity delivers a complete lifecycle of digital protection services across the globe for public and private sector clients.

Security Weaver

Security Weaver

Security Weaver is a leading provider of governance, risk and compliance management (GRCM) software.

StackHawk

StackHawk

StackHawk is built to help dev teams ship secure code. Find and fix bugs early before they become vulnerabilities in production.

Protected Media

Protected Media

Protected Media’s advanced cybersecurity ad fraud solution guards you against current and emerging threats across Connected TV, Display and Video advertising.

CyberUSA

CyberUSA

CyberUSA is a collaboration of leaders and states focused on a common mission purpose of enabling innovation, education, workforce development, enhanced cyber readiness and resilience.

Cyber Unit

Cyber Unit

Cyber Unit offer next level protection from cyber attacks in packages and pricing options that are accessible to smaller organizations.

Multipoint Group

Multipoint Group

Multipoint is an information security and protection solutions company operating in the South EMEA region through value-added distribution channels.

Eficens Systems

Eficens Systems

Eficens Systems is a global IT services and consulting company. We specialize in empowering businesses to harness the potential of Information Technology as a strategic asset.