Digital Twin: What is it and Why is it Important?
The industrialized world is under constant transformations, with various technological developments that have enhanced facilities & features in the supply chain to make the overall production & manufacturing experience better. More & more industries are incorporating advanced technologies in their manufacturing facilities & shop floor activities due to their increasing focus on maintaining the asset health of heavy industrial equipment and reduced operational efficiencies associated with the aging infrastructure. Moreover, there is a significant amount of risk associated with the operational activities in industries, such as oil & gas, aviation, automotive, and healthcare. Consequently, there are monetary & human losses with the failure of that equipment when applied in real-time. Hence, across various industries, there is a surging need for a technology that can virtually analyze the behavior of assets before they get implemented in real-time. ...