In one of its latest insights, Vendigital explains why the need for manufacturers to find ways to decrease energy consumption and decarbonise processes is a boardroom priority. Digital twins are data-driven virtual replicas of a physical asset, such as a product or factory, and are widely used to simulate scenarios to inform decision-making.
With calls for decarbonisation growing across industries and 46 per cent of manufacturing companies already implementing decarbonisation plans, this technology is a major lever that boards can use to gain greater insight into their business.
Scenario modelling can rapidly find efficient solutions with a higher chance of success compared to traditional real-world trial and error, whilst enabling the ability to de risk operations. This escape from trial and error is what makes digital twin technology stand out as a decarbonising superpower, with the ability to simplify processes in a cost-effective and high impact way, saving cost and time. According to Vendigital, however, while some industries have taken to digital twinning quickly, others have been slow to adopt this ground-breaking technology.
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