digital-twins

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Optimize supply chains with digital twins

Deloitte Tech Trends 2020

Digital twins can optimize supply chains, transform predictive field maintenance, increase efficiency in manufacturing, aid in traffic congestion remediation, and much more.

Today, companies are using digital twin capabilities in a variety of ways. In the energy sector, oil field service operators are capturing and analyzing massive amounts of in-hole data that they use to build digital models that guide drilling efforts in real time.

The idea of using virtual models to optimize processes, products, or services is not new. But organizations are finding that increasingly sophisticated simulation and modeling capabilities, power visualization, better interoperability and IoT sensors, and more widely available platforms and tools is making it possible to create simulations that are more detailed and dynamic than ever. Digital twins can increase efficiency in manufacturing, optimize supply chains, transform predictive field maintenance, aid in traffic congestion remediation, and much more.

Organizations making the transition from selling products to selling bundled products and services, or selling as-a-service, are increasing use of digital twins. As capabilities and sophistication grow, expect to see more organizations use digital twins to optimize processes, make data-driven decisions in real time, and design new products, services, and business models. In the long term, realizing digital twins’ full promise may require integrating systems and data across entire ecosystems.

Modeling the digital future

As the digital twins trend accelerates in the coming years, more organizations may explore opportunities to use digital twins to optimize processes, make data-driven decision in real time, and design new products, services, and business models. Sectors that have capital-intensive assets and processes like manufacturing, utilities, and energy are pioneering digital twin use cases already. Others will follow as early adopters demonstrate first-mover advantage in their respective sectors. 

Macro technology forces summarized

Last year’s Tech Trends report explored nine macro technology forces that form the backbone of business innovation and transformation. For a decade, we’ve been tracking the emergence and eventual ascent of digital experience, analytics, cloud, digital reality, cognitive, blockchain, the business of IT, risk, and core modernization. This year’s update takes a fresh look at enterprise adoption of these macro forces and explores how they’re shaping the tech trends we predict will disrupt businesses over the next 18 to 24 months. To realize the full promise of these forces, organizations are exploring how they intersect to create more value as well as new ways to manage technology and the technology function. This necessary step is becoming increasingly important as businesses prepare to tackle emerging forces that appear farther out on the horizon: ambient experience, exponential intelligence, and quantum. 

Today, business and technology are inextricably linked. And keeping pace with the emerging technology landscape can be difficult for even the most tech savvy leaders. Deloitte can help. Our technology professionals have deep experience applying technologies to help you achieve your business goals

 

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Tech Trends 2020

This report explores five key trends, shares examples from organizations on the front lines, and takes a look at what may come, beyond the next horizon.

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