We’re in the digital age, and the stage is already set for endless digital possibilities. However, organizations need to harness the digitalized economy to accelerate their activities, or else they are left behind. As the current systems are not designed to compete with new business as it features an increasingly distributed workforce that is exposing gaps in technology infrastructure, the need for innovation to drive all-around operational efficiency becomes expedient. This is the whole essence of digital transformation, and Ad hoc Research Company is proud to lead the way.

The digital transformation that began a few decades ago continues to experience superfluous advancements driven by significant technological innovations. As the emergence of new technologies such as artificial intelligence, IoT, and blockchain captures the corporate and business worlds, improved value delivery has been the result time and again (Erol et al., 2020). In this regard, the fast-emerging concept of digital twins representing a conglomeration of numerous existing and emerging technologies bears intensive digital transformation ideologies and offerings. As of 2020, the global digital twin market size was worth USD 3.1 billion, and by 2026, it is projected to reach USD 48.2 billion with a CAGR growth of 58.0%.

Digital twins thrive on the basic concept of a physical system; better known as a digital equivalent of a physical entity. It is providing the platform for firms to benefit from the integration of the software world onto physical assets (VanDerHorn, & Mahadevan, 2021). The aerospace, manufacturing, health and wellness, automotive and transportation, defense and security, energy and power, among other sectors are the key beneficiaries and users of digital twins for championing their digital transformation causes.

In its real sense, digital transformation has to do with incorporating the newest and emerging technologies into the entire phases of an organization, workflow, or system. Digital transformation can be wrongly viewed as a mere technology project, yet it is bigger than that. Its bigger purpose is about transforming organizations internally and externally from their analogous mode of operations into a unique digital system where their customers and clients get outstanding experiences of their products and services (Haße et al., 2019). Digital twins function maximally in achieving digital transformation by capturing the entire configuration of an organization’s asset and subsequently managing it, thus creating a context needed for accurate predictive analysis, augmented or 3D visualizations, as well as operational simulations. The digital twin makes use of the digital thread for connecting relevant information like simulation models, computer-aided design (CAD), maintenance records, engineering parts, etc. It is now clear that the influence of digital twins in achieving digital transformations cannot be overemphasized considering the following:

Enhance User Experience

Digital twins harness IoT (Internet of things) for gathering real-time data from the physical environment, and then process, and analyze the data gathered for providing meaningful and real-time insights that can successfully drive user-centric programs and initiatives for organizations.

Top Quality Innovative Offers

Regarding physical assets, the demand for innovation gulps high research and development (R&D) budgets. The costliness then warrants experts and professionals to design, test, and operate adaptable knowledge for replacing the stress on physical assets. Digital twins provide the platform for conquering barriers in innovation through a simulated environment adding up real-time information towards enabling organizations to collaborate with the user community for the development of top-quality offers.

Operational Agility

Operational agility is a highly sensitive pursuit for organizations and can be achieved in the digital transformation drive. Black-box algorithms in combination with a massive amount of information collected alongside the pressure for making faster decisions are adversely affecting human operations/manpower. In this regard, digital twins activate a series of diagnostics and prognostics capabilities towards taking human operators back into the loop using strategies to make them competitive and agile.

With diverse organizational performance issues at stake, firms are rigorously examining how they have been operating. Through supporting groundbreaking innovation, upgrading the workforce and operational dimensions away from the analog or semi-digital phases becomes the way up to digital transformation. Without a digitally-infused action, there is no complete success for any organization. It’s about time digital twins become part of the agenda and the DarkStax™ platform is here to help.