Digital twins and digital threads help companies make better use of their process, equipment and product data. They deliver a veritable step-change in engineering, manufacturing, operations and more, and can boost sustainability. But most companies are struggling to realize a total return on their digital twin and thread investments—missing out on up to 65% of possible value.
Too narrow a view: Digital twin challenges
The problem here is most companies use standalone digital twins for a single function, for example an operations twin, an engineering twin or a management twin. They also tend to focus on the front-end experience when they should pursue a comprehensive strategy for data integration and sharing.
Some of the challenges that come from this narrow view include: Duplicated infrastructure and isolated, untimely data; a lack of enterprise optimization in favor of functional optimization; and missed revenue opportunities from not leveraging data in ways that enable customers.
To overcome these challenges, companies must push for a broader vision with a "thread-first" perspective.
Thinking bigger: Digital thread vs digital twin
A "Digital Thread," is the "stream" of data that flows through the entire product development lifecycle. They help companies look beyond narrow, function-specific definitions and include more data sources. And they power companies to pursue much bigger objectives around company-wide cost and risk reduction, efficiency and flexibility increases and sustainability.
A digital thread strategy:
Weaving your digital thread together
Through our Industry X and Applied Intelligence practices, we developed MyDigitalThread, a powerful solution that accelerates the creation of fully integrated threads. Cloud-enabled and technology-agnostic, MyDigitalThread quickly accelerates value realization for digital twins—from years to weeks in some cases. It connects all types of digital twins with flexible, API-driven interactions across three layers: User Experience Layer; Data Services Layer; and Work Process Layer.
It’s time for thread-first thinking
Too many companies are missing out on the full value potential of their digital twins. To realize the potential 65% value they’re losing, they must avoid single purpose and standalone digital twins and focus instead on a fully functional thread. This thread will be the foundation which will support the company’s digital twin aspirations and growth now and in the future.
Surf the wave to a "thread-first future." Get in touch to learn more.