Prerequisites for the Digital Twin
To justify investment in the Digital Twin, we should frame the business problem in such a way that the applicability of the Digital Twin is clearly understood. Let's take the example of fuel costs in the trucking industry. Now, let's try to figure out the prerequisites in this context:
- Business problem: The high cost of fuel for the trucking fleet
- Business objective: To reduce the cost of fuel without any adverse impact on trucking operations
- Proposed solution: To build a Digital Twin of the truck(s) or trucking operations and optimize the fuel cost
Based on the simplified statement of the business problem and proposed solution involving the Digital Twin, let's take a look at the prerequisites:
- Model: As per Chapter 1, Introduction to Digital Twin, a physics-based or analytics-based model would be needed to create the Digital Twin of the truck. Either such a model should exist or should be easy to create...
