SAP Digital Twin
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What is SAP Digital Twin?
A digital twin is a virtual model of a physical product, process, or service whereby sensors utilizing Industry 4.0 technologies (artificial intelligence, Internet of Things, and big data) provide real-time conditions, diagnostics, and predictions through data analysis. As many put it, it’s the linkage between the physical and digital worlds.
According to Richard Howells, SAP Supply Chain, Digital Economy, and IoT Thought Leader, “the common theme is that the virtual representation combines three types of information: business data, contextual data, and sensor data.”
Key capabilities of a digital twin include:
- Cost reduction
- Predictive maintenance
- Improved efficiencies
- Faster innovation
Key Considerations for SAPinsiders
What is SAP Digital Twin?
A digital twin is a virtual model of a physical product, process, or service whereby sensors utilizing Industry 4.0 technologies (artificial intelligence, Internet of Things, and big data) provide real-time conditions, diagnostics, and predictions through data analysis. As many put it, it’s the linkage between the physical and digital worlds.
According to Richard Howells, SAP Supply Chain, Digital Economy, and IoT Thought Leader, “the common theme is that the virtual representation combines three types of information: business data, contextual data, and sensor data.”
Key capabilities of a digital twin include:
- Cost reduction
- Predictive maintenance
- Improved efficiencies
- Faster innovation
Key Considerations for SAPinsiders
- Establish a digital twin as the next evolution of a manufacturing execution system. A manufacturing execution system (MES) is an ideal foundational starting point for a manufacturer to develop a digital twin, according to Kumar Singh, Research Director for SAPinsider. A digital twin can be considered the next step or evolution of an MES in order for a manufacturer to adapt to the changing technological capabilities of the world around them. “You can envision an MES as being an orchestrator in the digital twin architecture, enabling the ‘create’ and ‘communicate’ aspects. … It is just one of the components but is a critical component in the overall digital twin architecture,” Singh writes. Read the full article to learn more about MES and digital twin technologies.
- Achieve visibility and improvement in logistical networks.Today’s supply chains are already utilizing a vast network of sensors to provide transparency across various segments. Within logistics, there are myriad areas where a digital twin can optimize products and processes. According to Howells, by tracking fleets of connected vehicles, public transportation, and private vehicles, you can gain visibility over all vehiclesin use. “Add to this a spatial dimension by leveraging geo-fencing, track and trace, and other unstructured data, such as weather and road conditions, and you have a 360-degree view of traffic patterns, flow, and disruptions to improve route planning, shipments, and deliveries,” he says.
980 results
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Published: 30/April/2020
Reading time: 5 mins
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Published: 18/August/2020
Reading time: 3 mins
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Published: 07/July/2021
Reading time: 5 mins
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Published: 20/December/2021
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Trintech Acquires Fiserv’s Reconciliation Solutions and 400 Blue-Chip Clients
Published: 04/August/2023
Reading time: 3 mins
Trintech recently acquired Frontier Reconciliation and Accurate Reconciliation from Fiserv, a prominent fintech and payments solutions provider. Trintech’s current clientele spans multiple verticals, including financial services, telecommunications, retail, insurance, and utilities, making this strategic move even more impactful for the office of the CFO. This strategic move aligns perfectly with the current trend among SAPinsiders…
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Accelerating the Financial Close Process: BlackLine Launches 5-Day Fast Track for Mid-Size Organizations
Published: 15/August/2023
Reading time: 2 mins
Finance leaders at mid-sized organizations are under increasing pressure. They face requests to enhance the efficiency of the financial close process, yet many have budget constraints that make it more difficult to leverage emerging technologies that can help in this area. BlackLine's recent announcement of their 5-Day Fast Track program seems to be in direct…
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