|Digital Twin (IAPM)|
Digital Twin (Integrated Asset Performance Management) is a dynamic software model of a physical asset or process that relies on sensor and instrumentation data to understand its state, respond to changes, predict outcomes, improve operations and aid judgements for business decisions. It is a cyber-physical system that involves modeling industrial assets with all their geometrical data, kinematic functionality and logical behavior permitting business operations to be simulated, controlled and improved.
A Digital Twin brings all the experts together on a collaborative platform, enabling helpful analyses, diagnostics and prognostics. This facilitates a seamless interconnect of everything and everyone by on-boarding them on a comprehensive communication network called the Digital Highway. It creates an ecosystem for harvesting actionable information specifically tailored to drive identified competitive, operational or business advantage.
Key traits of Digital Twin: