Five Digital Twin Strategies For Industrial Facilities

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Executive Summary

A Verdantix survey of 284 managers responsible for operational excellence found that digital twin solutions are viewed as the most significant innovation for the next two years. Thirty-five per cent of the respondents ‘strongly agree’ that digital twins will transform operational excellence over the next five years. To turn these aspirations into reality, firms need to follow one of five digital twin strategies. Descriptive and informative digital twin strategies are a good fit for operations leaders seeking to leverage existing IT systems without incurring significant additional costs or project risk. The predictive digital twin strategy is suitable for  organizations with a robust asset management strategy and investments in APM software. Comprehensive and transformative digital twin strategies are most appropriate for new-build facilities where IoT technologies can be embedded into assets and processes assume digital twin capabilities. No matter which of the digital twin strategies a firm pursues, the project team needs to focus on ROI not just the exciting new technology. 

Verdantix HSE & OPEX EMEA 2020
Verdantix EHS & OPEX Americas 2020
Customers Envision A Bright Future For Digital Twins
Asset Management Realities Determine Which Of Five Digital Twin Strategies Will Work
Customers Should Focus On ROI To Make Savvy Investments In Digital Twin Projects
Figure 1. Digital Twins Top The Priority List Of Innovations For 2020 And 2021
Figure 2. Digital Twins Have Transformative Potential Over The Next Five Years

About the Authors

Malavika Tohani

Malavika Tohani

Research Director

Malavika is a Research Director at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more ef...

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David Metcalfe

David Metcalfe

CEO and Co-Founder

David is the CEO and co-founder of Verdantix, where he leads the firm’s strategic direction and client engagement. Since co-founding the firm in 2008, David has built a ...

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