A digital twin is a virtual model of a process, product or service. It allows analysis of data and monitoring of systems. It can be used to identify problems before they even occur or prevent downtime in any process industry.
In other cases, object or system behavior can be simulated, to test "what if" scenarios. Some with long memories will remember how the spreadsheet allowed financial analysts to make "what if" changes to parts of business models, to see the impact of such changes.
In the early days of personal computing, the spreadsheet is what created the value for businesses to buy PCs. Digital twins should be the same sort of process.
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