Digital twins are helping manufacturers and engineering organizations solve a variety of problems. They are virtual representations of physical products, processes, people, or places that mirror their real counterparts. Digital twin strategies are helping unlock potential in supply chains, speed up time to market, and cut costs. Here are the top 5 benefits of implementing digital twins at your company.
Implementing digital twins in your manufacturing organization can revolutionize product development.
Digital Twin Benefit #1: Increased Productivity
Virtualized digital twins can be used to run real-world simulations. This increases productivity on the development side by supporting product iteration and redesign before prototyping begins. They can also be used to improve production. Off-site experts can observe active equipment and can notify on-site employees if an issue is detected. Take that a step further with AR technology and that same off-site expert can guide the employee through the procedures needed to get that equipment back to 100%.
Digital twins help increase productivity across development and ongoing maintenance.
Digital Twin Benefit #2: Greater Quality
The real-world operational data collected via digital twin technology allows for informed decisions about generational product improvements. This is particularly important in industries where product quality and efficiency are improved upon incrementally such as:
- Medical devices
- Industrial machinery
- Electrical equipment
Digital Twin Benefit #3: Decreased Time to Market
Digital twins give organizations continuous insight into how products are performing in the field. This makes it possible to iterate and innovate to achieve better performance faster. By combining the power of digital twins with simulation tools, engineers can validate products before costly prototyping and get designs nearly perfect before making that investment. For high-cost products, this can translate into tremendous savings in both time and money. Organizations using this technique can significantly reduce late-stage redesign and get products to market significantly faster.
Using digital twins and simulation, advanced organizations can save a significant amount of time and money with ongoing iteration and innovation.
Digital Twin Benefit #4: Improved Supply Chain Resiliency
The pandemic and other global events have recently shed light on how important it is to have supply chain agility and resiliency. Using emerging technologies, advanced companies can create a digital twin of their physical supply chain. This makes it possible to gain nearly real-time visibility into lead times and use that information to make quick adjustments as needed.
Digital Twin Benefit #5: Happier Customers
All of these factors come together to create more happy customers—something of ever-increasing importance in our customer-centric marketplace. This can be a significant competitive advantage, as it’s clear customers are willing to pay a premium to work with teams that can understand their needs and meet them without a hitch.
Ready to Get Started with Digital Twins?
It’s clear that digital twins provide numerous advantages to manufacturing and engineering organizations. Increased access to accurate and real-time data provides a real competitive advantage across the board, which drives insights that can have true impact for customers and employees.
If you’re ready to learn more about how you can reap the benefits of a digital twin within your organization, contact us.