Why Is Digital Twin Technology Important to IoT
IoT is skyrocketing in popularity right now, and with good reason. These networks of connected devices, which include software, objects with sensors, and other technologies, help deliver value for businesses across the world. Companies can avoid costly machine malfunctioning with predictive maintenance sensors. They can leverage IoT for remote asset monitoring, process automation, location tracking, plant performance optimization, creating new product lines, and more. For these reasons, IoT has become a prominent part of most organizations’ digital transformation initiatives. But concerningly, a whopping 97% of organizations say there are challenges to creating value from IoT data. Luckily, digital twin technology offers a better way forward.