1min Explainer: “What is a digital twin?”
Read time: ~1mins
Digital twins enable miners to create virtual representations of their physical assets and processes.
A digital twin comprises a virtual representation of a selected portion of the physical world, with two way interconnections, synchronized at specified frequencies and fidelities, and designed to create change in the physical that can be measured and improved in the virtual.
These digital representations can then be manipulated quickly and at low cost to extract information, examine alternatives, trade off constraints and optimise processes. Miners can then take action in the physical world to improve outcomes, which flow back into the digital twin, where the cycle repeats. Digital twins codify continuous improvement of assets, systems and processes.
“A digital twin comprises a virtual representation of a selected portion of the physical world, with two way interconnections, synchronized at specified frequencies and fidelities”
The competitive advantage of digital twins is that they are purpose built to operate across assets, systems and organisational silos, with historic, near real time and predictive data. By enabling low cost experimentation and change, digital twins enable rapid learning, decision making and measurement. Digital twins are the antidote to the explosion of apps, systems and ideas the tech boom has bought us, and they are the bridge between rules based (e.g. control systems) and predictive (e.g. predictive maintenance) systems. In other words, digital twins improve decision making by providing people with the right data to make the right decision at the right time, and speeding up how quickly we learn from those decisions.
Click below to speak to our team if you like to discuss how you could use Digital Twins in your operations: