Digital Twins Can Aid Manufacturer Sustainability Efforts
Digital twins can enable better monitoring of energy, water consumption, and waste production in manufacturing processes
A new report from Navigant Research examines the concept of digital twins, or digital simulations of physical assets, and how the technology can be used to help manufacturers meet sustainability and efficiency goals.
Pressure from consumers, investors, the nongovernmental organization community, downstream clients, and regulators to adopt sustainable business practices makes it more difficult for manufacturing companies to maintain their bottom line. Digital twin technology, or digital simulations of physical assets, is often marketed as a breakthrough solution for manufacturing, offering to increase efficiencies in operations and facilitate innovative product design. Click to tweet: According to a new report from @NavigantRSRCH, effectively implemented, digital twins can also aid in companies’ sustainability efforts through better monitoring of energy, water consumption, and waste production in their manufacturing processes.
“The digital twin approach presents a multitude of advantages for manufacturing companies,” says Rafael Go, senior research analyst with Navigant Research. “Implementing digital twins does not necessarily require new tools but rather a new approach for managing and using data.”
For market players looking to leverage digital twin technology, Navigant Research recommends standardizing data management processes as a foundation for more straightforward interpretation and setting priorities and parameters to ensure manageable, focused pilot projects. Organizations should also align their approach with their sustainability goals, accounting for targets, risk management factors, and potential obstacles.
The report, Leveraging Digital Twin Approach for Sustainable Manufacturing, discusses the concept of digital twins. The study analyzes definitions of digital twin and how the technology can be used to help meet sustainability and efficiency goals. It delves into the philosophy, basics, and potential development of digital twin technology as demand for operational efficiency grows. The report also includes recommendations for market players that want to optimize digital twin potential. An Executive Summary of the report is available for free download on the Navigant Research website.
*The information contained in this press release concerning the report, Leveraging Digital Twin Approach for Sustainable Manufacturing, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant - a Guidehouse company undertakes any obligation to update any of the information contained in this press release or the report.