"One phrase dominated the conversation: digital twins. Executives from Siemens, Agility Robotics, and Automation Anywhere agreed that what once sounded like a distant possibility is now delivering real productivity gains for companies. A digital twin is a digital replica of a physical object, person, or process. They can help organizations simulate real situations and their outcomes, allowing them to make better decisions."
""Digital twins have been around, but the technology has exponentially improved, and the computing power has exponentially improved," said Automation Anywhere CEO Mihir Shukla. He added, "Let's say digital twins tell you that there is going to be a problem in manufacturing. You can proactively act on it. It has implications on your inventory. It has implications on your shipping planning.""
"Siemens' CEO Roland Busch said that the productivity boost is showing up in numbers. He said that the company's output is 20% higher and that energy costs are 20% lower. "You have much, much faster and ramping up, you don't make mistakes," if you use a digital twin, he said."
Digital twins create precise digital replicas of objects, people, and processes to simulate scenarios and optimize manufacturing, inventory, and shipping. Companies report measurable improvements, including 20% higher output and 20% lower energy costs. Advances in computing power and technology enable proactive problem detection and decision-making through simulation. Labor shortages are accelerating demand for humanoid robots to perform manual or undesirable tasks. Successful deployment of physical AI requires tailored research and development and collaboration between automation firms and operators to address practical limitations, workforce integration, and effective real-world application.
Read at Business Insider
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