Aaron Parrott and Dr. Lane Warshaw, Deloitte Consulting LLP explain key principles and areas of application for “Digital twins” technology. The article was published by Deloitte University Press on May 12, 2017.
The digital twin can allow companies to have a complete digital footprint of their products from design and development through the end of the product life cycle.
There can be no turning back. Manufacturing processes are becoming increasingly digital. As this trend unfolds, many companies often struggle to determine what they should be doing to drive and deliver real value both operationally and strategically – said in the report
With the creation of the digital twin, companies may realize significant value in the areas of speed to market with a new product, improved operations, reduced defects, and emerging new business models to drive revenue.
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