Demystifying the digital twin. Time to re-think the definition?
Georg Baecker, Gabe Prado
Utility Analytics Institute
The article proposes that we need to think of a digital twin as the complete underlying canon of data and information that can be accessed and understood by any data or engineering user, in order to take advantage of the 90% of data that still goes unused by power and utility organizations and increasingly valuable layers of granularity delivered by new technologies.
Why it’s relevant to Nextspace
This case study is relevant to Nextspace Partners is that the authors lay a clear case for the genuine future value of digital twins but are realistic about the challenges that lie in the way of making that work.
These challenges include:
- Digital twin projects lacking clear business cases and metrics. We see this time after time where articles advocate digital twins without any concrete ROI data. Not a good look from an industry obsessed with data.
- Organizations are never digitally mature enough to implement digital twins without manual assistance from subject matter experts
- Cost to scale may be perceived as prohibitive
The article suggests four ways to drive good outcomes:
- Start with real business problems where the solution has clear commercial value
- Start simple, with good data, and quick wins. Realize that your digital twin journey will be about augmentation and continuous improvement
- Engage the wider enterprise and seek to democratize your digital twin to gain trust
- Understand how your digital twin will have a positive wider impact
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An article that seeks to distance metaverse hype from the value of industrial digital twins
Dr Michael Grieves
IOT Solutions World Congress 2023
The value of Digital Twins can only be realized if Digital Twins and their virtual environment contain the same data and resulting information as their corresponding Physical Twins and real-world environment. This means that the need for more extensive, faster, and richer sensing of the physical world will dramatically increase as valuable use cases proliferate. In addition, we will evolve from working in physical or virtual environments to integrating and working simultaneously in both environments. Dr. Grieves discusses his views on the opportunities and issues of this evolution.