The Digital Twin Opportunity

Developments in enabling technology are expanding the potential applications of digital twins (DTs), which are virtual models of real-world objects. DTs have traditionally been used in specialized areas for data visualization and product life cycle management. However, due to advancements in technology, DTs are now transitioning into strategic tools with diverse applications. Leaders have the opportunity to utilize DTs for cross-disciplinary opportunities, drive digital transformation, achieve sustainability goals, and enhance employee and community health and safety. A DT is dynamic and must accurately reflect the state of the physical system it represents, requiring a model and real-time sensor data. DTs can be applied to various physical systems, including buildings and biological systems.