Accelerating the decision-making process for higher asset utilization
The foundational idea of Digital Twin is to reduce the time spent on finding information and to extract insights in an interactive and automated manner. Three main benefits of Digital Twin can be summarized under the headings of time reduction, embedding “expert knowledge” for new workers and digitalizing the users interactions amongst each other and with the physical asset.
As evident from the above definition, connecting different information and corporate silos is one of the biggest value propositions of a Digital Twin. Timely, actionable insights to act upon, ease of collaboration and automation of processes through a Digital Twin platform can radically reduce the time spent by a collaborative worker, which makes up almost 60% of a collaborative worker’s time as stated by a McKinsey report.