Indeed, organizations around the world are realizing the significant value with IoT. However, when it comes to coordinating several interdependencies within the company, the connected technologies face limitations in a number of IoT use cases. For example, to monitor an oil refinery, one needs to install numerous sensors at every step – from fractional distillation, chemical processing, to storage – they want to manage. But will that help in monitoring an entire refinery efficiently? With digital twin implementation, a plant operator or a process engineer can take measurements from 5,000 to 500,000 sensors, consider contexts, and account its current and future state – to look at what’s operating well and what’s not, and make decisions.
Whether a company belongs to the asset-intensive industries like mining, heavy engineering, aviation, or packaging, food, and textile industry – the convergence of the digital and physical world is the key to complete the digital journey. In all, if you want to improve the profitability and reduce risk, you may strongly consider to establish relationship between the digital twin and assets and processes.