Track: Industry 4.0

Abstract

A digital twin or digital replica is a virtual model of a physical asset such as a product, process, system, or facility. It utilizes data from an actual physical asset to understand better and augment its performance, powered by artificial intelligence (A.I.), machine learning, and data analytics. Digital twins can mirror a physical twin and reveal issues before they occur. They rely on sensors embedded in the physical world to transfer real-time data about the operative process and environment. The data collected from the connected sensors is then analyzed on the cloud and is accessible via a dashboard. Digital twins are powerful masterminds to drive innovation and performance. Unsynchronized production can easily cause problems such as the backlog of intermediate warehouses, unsmooth production, and long production cycles. Synchronized production helps to improve overall efficiency and reduce waste. The material handling, production logistics path, movement pattern, suspension, and caching mode of the WIP (Work-In-Process) need to be planned based on the equipment's action and behavior mode. Unloading, distributing, and delivering raw materials to the manufacturing unit and warehouse are all part of material handling. The digital twin technology provides a highly efficient runtime environment for simulating complex systems and searching for robust computational optimization models. Digital twin technology has a wide range of economic value depending on the monetization model. This study explored costly industrial or business equipment, services, or processes that can be optimized by reducing asset downtime and lowering overall maintenance costs. These capabilities are essential, making internal software competencies crucial to driving value.