Digital Twin – The Single Source of Truth
Gast article Bosch
A Digital Twin works on the concept of attaining that moment in an enterprise organization when a decision-maker or user is equipped with a single source of truth derived from many data streams. In this digital era, we are exposed to a staggering volume of data generated from multiple sources flowing in continuous streams. Gathering this data, making sense of it and taking actionable decisions is a big challenge.
A Digital Twin creates a digital highway that combines all the lanes of data, collating them into a single point of truth through a dashboard or as an immersive environment or as an AMIC which shows everything that is going on in an organization. It therefore acts as a super integrator, which can contextually ingest information streams from every machine, every process, every user and link it with said business objectives, performance benchmarks and risk scenarios.
A Single Collaboration Platform for Multiple Organizational Processes
This integrated holistic approach to data leverage creates focus and clarity towards achieving this single source of truth and therefore decision making. It has the potential and the objective to manage the entire lifecycle of the asset across multiple organizational stakeholders of R&D, design, production, maintenance and service
The modern Digital Twins are dynamic software models of assets or processes that enable real-time monitoring and improve process efficiencies. 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 onboarding 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.
Actionable Insights in Real-Time
A Digital Twin enables enterprises to see the unseeable, perform experiments to understand the what-if scenarios, simulate, execute, and control their business operations. It facilitates enterprises like yours to evolve rapidly and get much closer to the digital enterprise you envisioned! Forward-thinking organizations who understand digital and have systems that help comprehend patterns or insights originating from data analytics and data science can formulate data-driven strategy to logically control their business operations. This could offer them points of advantage to achieve the desired business growth.
Standardization is key to large scale adoption and interoperability
The industry verdict on the advantages of the Digital Twin is unanimous and definite. The Digital Twin is moving strongly towards standardization, which Bosch is an active proponent and active participant in the framing of the standards. The standard enables interoperability of multiple streams and forms of data by defining a cell-based architecture, which allows creation and usage of the standard to represent product lifecycle activities, manufacturing processes, quality and reliability analyses, product / process simulation and much more. Working within this framework allows high fidelity simulations and experimentation without an actual need for a physical prototype.
The world is moving towards increased leverage of automation and AI with Digital Twin leading the way in optimization of processes to reduce losses associated with manufacturing and logistics, boosting productivity, ramping up efficient processes / methods and ramping down operational costs.
Hemanth Sheelvant is responsible for Corporate Innovation with startups as Director and Innovation Hub Leader for India for the global GROW GmbH venture building platform by funding internal startups and additionally heads the Open Bosch DNA India startup alliance initiative as a Program Director, with responsibility towards driving innovation through engagement with external startups for co-innovation and GTM partnerships.