TH LEV
________________________________________________________________________________________________________________________
NE
Four best practices to go beyond digital twins .
By Kyle Pearce
In recent years , digital twins have risen to the status of core technology for industrial companies . McKinsey has predicted that investments in digital twins will exceed $ 48 billion by 2026 .
Organizations can leverage digital twins of products , processes , or facilities as the gateway to a smart digital reality . Journeying to a smart digital reality has many steps and so it ’ s crucial to understand the role that digital twins play in that process .
Smart digital reality
Well implemented , a digital twin can help deliver value across the complete lifecycle of a facility and its assets and increase efficiency , productivity , and safety , among others . Across companies , the definition and scope of a digital twin can vary significantly .
For some people and organizations , that ’ s just a 3D model . For others , it can include laser scans or some fancy electronic document management system . Reducing digital twins to a single tool or data source greatly limits the benefits .
That is why smart digital reality aims to take the representation far beyond a static , single source of truth . It focuses on creating a unified , real-time view of the physical and digital realities and infusing it with intelligence to automate processes and analytics . It leverages data collected from sources across
22