TECHNOLOGY - DIGITAL TWINS
Supply Chain Digital explores the influence of digital twins and how the technology is leveraged in a supply chain setting
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T he supply chain of today is unrecognisable from a decade ago . As a direct result of the influence of technology , supply chains are complex and dynamic , and it has never been so important to adopt an agile approach .
With the added challenge of COVID-19 , having real-time data available is a critical competitive advantage . Industry 4.0 constitutes a technological framework that focuses on digitalisation and analytical capabilities to identify events on a realtime basis .
This is where digital twins come in . A digital twin is essentially a virtual supply chain replica that consists of hundreds of assets , warehouses , logistics and inventory positions , and it is gaining more attention in the industry due to improvements in technical and computational capabilities with operations technology .
Ravi Gopinath , Chief Cloud Officer and Chief Product Officer at AVEVA , believes the value of digital twin technology is directly proportional to the reliability and depth of the data powering the underlying model ; such as operating data ,
OCTOBER 2020