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What does digital twin mean anyway?

Is digital twin the buzzword that will bring down asset management? Learn about the ambiguity of digital twin technology and how Precision Reality Twins can take its place in our free discussion paper.

Simply add your details below to download our free paper. You’ll also receive a copy in your inbox.

Digital twins have become increasingly popular in asset management. However, there is ambiguity in the definition of digital twin technology, and the variations can vary greatly. Do they all do the same thing? For the same industry? To produce the same result? At the same quality?

The much more complicated answer is digital twins have evolved, but our language to define them hasn’t evolved at the same pace – and what they once were has diversified into different products with huge variations in quality and detail.

As asset management becomes more ESG-focused, selecting technology platforms built-for-purpose – underpinned by safety, security and accuracy – becomes more crucial.

But, when the digital twin space now includes hundreds of distinct output types and thousands of suppliers, how can we be expected to choose the software that will drive the industry forward, rather than undermining it?

Precision Reality Twins (PRTs) are a potential solution to the ambiguity of digital twin technology. They offer benefits such as 80% more coverage, 95% time saving, 50% cost saving, and reduced safety risk compared to traditional inspection methods.

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“When a search for ‘digital twin’ on Google reveals more than 528 million results – how do asset managers who are looking for an accurate, quality, purpose-built and reliable solution, ever find the products that will truly propel the industry (and their company) forward, rather than undermining it?”

– Digital Twin: the buzzword that will bring down asset management

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