Digital twins use sensors attached to real-world assets to collect, communicate, analyze and use real-time data that drives intelligent action. This continuous synchronization loop from the physical world to the digital world and back to the physical world is unlocking huge potential for even more precise and accurate modelling. With the rapid rise and accelerated adoption of digital twins, leaders in tech are working to create a more connected future, and innovation in this space is just beginning.
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Why Companies Should Focus on Digitization
Factories are built with highly complex pieces of machinery that constantly interact with one another and company-wide systems. This complexity makes it difficult to understand how to drive improvements at a production site, and the impact changes have up and downstream. Traditionally, making any change at a factory was a cumbersome, time-consuming, and high-cost endeavor. It requires physically moving equipment, people, and lines to test and see if tweaks create meaningful increases in throughput and improvement in operations.
With the use of digital twins, companies can test out updated equipment or product configurations in a virtual environment that allows for change and optimization without the need for any physical factory involvement. This, in turn, can make potential problems much more visible before having to go through a lengthy trial-and-error process and, therefore, lowering the risk of costly miscalculations and lost time.
Without simulation, this testing process can take several months to complete. Medical device manufacturing, for example, can take years, given the high stakes of a patient’s well-being and the need for precise planning and forecasting. In one instance, manufacturing technology company Flex was able to create a digital twin of the factory floor and successfully accelerate and optimize the development of a Class II diabetes product in only three weeks' time.