The classical definition of of digital twin is; ""A digital twin is a virtual model designed to accurately reflect a physical object."" – IBM[KVK4] For a discrete or continuous manufacturing process, a digital twin gathers system and processes state data with help of various IoT sensors (operational technology data (OT)) and enterprise data (informational technology (IT)) to forms a virtual model which is then used to run simulations, study performance issues, and generate possible insights.
The concept of Digital Twins is not new. In fact, it is reported that the first application was over twenty five years ago, during the early phases of foundation and cofferdam construction for the London Heathrow Express facilities, to monitor and predict foundation borehole grouting. In the years since this first application, edge computing, AI, data connectivity, 5G connectivity, and the improvements of the Internet of Things (IoT) have enabled digital twins to become cost-effective and are now an imperative in today's data-driven businesses.
Digital twins are now so ingrained in Manufacturing that the global industry market is forecasted to reach $48Bn dollars in 2026. This figure is up from $3.1 Bn in 2020 at a CAGR of 58%, riding on the wave of Industry 4.0.
Today's manufacturing industries are expected to streamline and optimize all the processes in their value chain from product development and design, through operations and supply chain optimization to obtaining customer feedback to reflect and respond to rapidly growing demands swiftly. The digital twins category is broad and is addressing a multitude of challenges within manufacturing, logistics and transportation.
The most common challenges faced by the manufacturing industry that digital twins are addressing are:
Industry 4.0 and the subsequent Intelligent Supply Chain efforts have made significant strides in improving operations and building agile supply chains - but these efforts would have come at significant costs without digital twin technology. Can you imagine the cost to change an oil refinery's crude distillation unit process conditions to improve the output of diesel one week and gasoline the next to address changes in demand and insure maximum economic value? Can you imagine how to replicate an even simple supply chain to model risk? It is financially and physically impossible to build a physical twin of a supply chain.
Let's look at the benefits that digital twins deliver to the manufacturing sector:
