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IIoT AND DIGITAL SOLUTIONS FOR OIL & GAS

June 2019  |  TBC

DELOITTE UNIVERSITY PRESS: INDUSTRY 4.0 AND THE DIGITAL TWIN

Posted on 12-02-2018 by GBC
Photo courtesy by Deloitte University Press
There can be no turning back. Manufacturing processes are becoming increasingly digital. As this trend unfolds, many companies often struggle to determine what they should be doing to drive and deliver real value both operationally and strategically.
Deloitte University Press “Industry 4.0 and the digital twin”
Aaron Parrott and Dr. Lane Warshaw, Deloitte Consulting LLP explain key principles and areas of application for “Digital twins” technology. The article was published by Deloitte University Press on May 12, 2017.
Answering to the question – why is the digital twin so important, and why should organizations consider it? The article is telling:
The digital twin can allow companies to have a complete digital footprint of their products from design and development through the end of the product life cycle. This, in turn, may enable them to understand not only the product as designed but also the system that built the product and how the product is used in the field. With the creation of the digital twin, companies may realize significant value in the areas of speed to market with a new product, improved operations, reduced defects, and emerging new business models to drive revenue.
The full article is available on Deloitte Insights website

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