The IoT and wireless sensors make it possible to read data from selected pieces of industrial equipment. This equips the manufacturers to collect and integrate real-time operational data from the equipment and integrate this with the enterprise data. This has paved way for the digital twin architecture in organizations.
A digital twin is a virtual representation of a physical asset of any or all selected equipment on the shop floor. At a conceptual level, all the equipment within a factory floor can be aggregated into a digital twin or a digital factory. When combined with analytics, the concept of the digital twin delivers insights that can provide engineers with information on potential operational failures of IoT-connected products, for instance, and thus help prevent unplanned downtime, improve product performance, etc.