One of the biggest trends to emerge in the industry 4.0 and IoT space is around optimization. So, what exactly is "The Digital Twin", how is it different than forecasts and simulations, and more importantly, what happens to companies that get left behind?
Throughout the pandemic, one thing was clear: to address immediate concerns such as declining revenues and disrupted supply chains, and to build competitiveness and resiliency over the longer term, not only did the company need to invest in technology, but it needed to adopt a digital mindset, or it would not survive.
Digital innovation is associated with the use of advanced technologies such as digital twins, industry 4.0, AI such as machine learning and deep learning (ML/DL), natural language processing (NLP) and many others.
