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LiveWorx 2019
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IN930B - Monetizing Digital Twin

Session Description

In today's digital age, has become crucial for enterprises to leverage product-level and process-level twins. Bringing digital twins to reality requires integration of multiple data sources, from connectivity enabled devices, to PLM, SLM & ALM systems and MOM. This unlocks opportunities of optimizing performance of assets and systems of assets. Combining the power of Digital twins with AI, ML and AR enables enterprises to move from a proactive to predictive format of maintenance. Leveraging these areas of service is paramount for today's businesses in order to achieve operational efficieny and create new revenue potential . The next logical level of maturity, and hence monetization, is achieved when different system twins are integrated, creating a Twin2Twin™ ecosystem which unlocks newer monetization streams by commoditizing the twins. In the future we can see dynamic digital twins traversing the digital thread from the manufacturers to the end customer.

Session Presenter
Additional Information
Industry 4.0 (Digital Manufacturing)
Industry 4.0/ Smart Manufacturing/ Digital Factory
How can digital twin be leveraged to create new revenue streams and business models?
Digital Thread - A key enabler for data and process integration across multiple disparate data sources and product development functions
Jump Start the process of realizing the value of digital twin to improve product & operations productivity
Breakout Session
45 minutes
Session Schedule
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