Collaborative platform for standardized digital twin development for asset life cycle management

Abstract

The manufacturing sector has experienced a revolutionary shift in the last few decades, transforming from established, mechanized production systems to highly connected digital networks of advanced technology. The key to this revolution is the digitalization of physical systems, processes, and assets, a paradigm shift that has transformed the way industries design, produce, monitor, and maintain. Industry 4.0 is defined by the shift to the Internet of Things (IoT), artificial intelligence (AI), machine learning, big data analytics, cloud computing, and industrial robotics. Central to this revolution is the Digital Twins concept. Digital Twin technology has been widely applied across many industrial sectors. and that says a lot about how multifaceted and revolutionary it is. In manufacturing, Digital Twins allow for predictive maintenance by continuously monitoring the health of equipment and forecasting potential failures ahead of time, so there is reduced unplanned downtime and maintenance expense.