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Dogecoin Dogecoin (DOGE) $0.24 ↑ 1.01%
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Sui Sui (SUI) $4.21 ↑ 5.73%
Hyperliquid Hyperliquid (HYPE) $43.47 ↓ -1.87%
Stellar Stellar (XLM) $0.44 ↑ 0.81%
Chainlink Chainlink (LINK) $18.70 ↑ 1.72%
Hedera Hedera (HBAR) $0.29 ↑ 8.94%
Bitcoin Cash Bitcoin Cash (BCH) $567.02 ↑ 2.16%
Avalanche Avalanche (AVAX) $24.95 ↑ 3.62%
Litecoin Litecoin (LTC) $114.61 ↑ 1.17%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.19%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.03%
Toncoin Toncoin (TON) $3.33 ↓ -0.82%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.03%
Polkadot Polkadot (DOT) $4.17 ↑ 0.95%
Uniswap Uniswap (UNI) $10.58 ↑ 0.32%
Monero Monero (XMR) $324.34 ↓ -0.03%
Bitget Token Bitget Token (BGB) $4.59 ↑ 0.12%
Dai Dai (DAI) $1.00 ↓ 0.00%
Pepe Pepe (PEPE) $0.00 ↑ 0.12%
Cronos Cronos (CRO) $0.15 ↑ 9.54%
Aave Aave (AAVE) $296.23 ↓ -0.69%
Bittensor Bittensor (TAO) $430.66 ↑ 1.41%
Ethena Ethena (ENA) $0.61 ↑ 4.81%
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Ethereum Classic Ethereum Classic (ETC) $23.12 ↓ -0.27%
Pi Pi (PI) $0.44 ↓ -0.43%
Ondo Ondo (ONDO) $1.05 ↑ 0.87%
Aptos Aptos (APT) $4.84 ↑ 1.15%
Internet Computer Internet Computer (ICP) $5.68 ↑ 0.79%
OKB OKB (OKB) $48.22 ↑ 0.17%
Bonk Bonk (BONK) $0.00 ↓ -1.44%
Mantle Mantle (MNT) $0.80 ↑ 4.93%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -0.50%
Kaspa Kaspa (KAS) $0.10 ↓ -0.41%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 0.96%
Algorand Algorand (ALGO) $0.28 ↑ 3.06%
Arbitrum Arbitrum (ARB) $0.45 ↑ 0.35%
VeChain VeChain (VET) $0.03 ↑ 0.39%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.01%
Render Render (RENDER) $4.25 ↑ 1.18%
GateToken GateToken (GT) $17.83 ↑ 1.37%
Worldcoin Worldcoin (WLD) $1.17 ↑ 0.13%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.24 ↑ 1.40%
Sky Sky (SKY) $0.09 ↑ 1.54%
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Cosmos Cosmos (ATOM) $4.78 ↑ 1.76%
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Filecoin Filecoin (FIL) $2.69 ↑ 1.33%
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Story Story (IP) $5.48 ↑ 0.66%
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Tezos Tezos (XTZ) $0.90 ↑ 0.54%
Conflux Conflux (CFX) $0.18 ↑ 0.51%
Vaulta Vaulta (A) $0.57 ↓ -0.24%
Theta Network Theta Network (THETA) $0.89 ↑ 1.29%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.02%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 1.26%
Nexo Nexo (NEXO) $1.31 ↓ -0.39%
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Raydium Raydium (RAY) $3.08 ↑ 1.96%
Gala Gala (GALA) $0.02 ↑ 1.02%
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Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↓ -0.88%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 1.62%
Pendle Pendle (PENDLE) $4.43 ↓ -0.98%
Jito Jito (JTO) $2.02 ↑ 2.44%
Bitcoin Bitcoin (BTC) $118,221.64 ↑ 0.57%
Ethereum Ethereum (ETH) $3,775.20 ↑ 0.88%
XRP XRP (XRP) $3.20 ↑ 1.70%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.02%
BNB BNB (BNB) $794.55 ↑ 1.37%
Solana Solana (SOL) $187.28 ↑ 0.58%
USDC USDC (USDC) $1.00 ↑ 0.00%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 1.01%
TRON TRON (TRX) $0.32 ↑ 1.22%
Cardano Cardano (ADA) $0.83 ↑ 0.50%
Sui Sui (SUI) $4.21 ↑ 5.73%
Hyperliquid Hyperliquid (HYPE) $43.47 ↓ -1.87%
Stellar Stellar (XLM) $0.44 ↑ 0.81%
Chainlink Chainlink (LINK) $18.70 ↑ 1.72%
Hedera Hedera (HBAR) $0.29 ↑ 8.94%
Bitcoin Cash Bitcoin Cash (BCH) $567.02 ↑ 2.16%
Avalanche Avalanche (AVAX) $24.95 ↑ 3.62%
Litecoin Litecoin (LTC) $114.61 ↑ 1.17%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.19%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.03%
Toncoin Toncoin (TON) $3.33 ↓ -0.82%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.03%
Polkadot Polkadot (DOT) $4.17 ↑ 0.95%
Uniswap Uniswap (UNI) $10.58 ↑ 0.32%
Monero Monero (XMR) $324.34 ↓ -0.03%
Bitget Token Bitget Token (BGB) $4.59 ↑ 0.12%
Dai Dai (DAI) $1.00 ↓ 0.00%
Pepe Pepe (PEPE) $0.00 ↑ 0.12%
Cronos Cronos (CRO) $0.15 ↑ 9.54%
Aave Aave (AAVE) $296.23 ↓ -0.69%
Bittensor Bittensor (TAO) $430.66 ↑ 1.41%
Ethena Ethena (ENA) $0.61 ↑ 4.81%
NEAR Protocol NEAR Protocol (NEAR) $2.91 ↑ 1.41%
Ethereum Classic Ethereum Classic (ETC) $23.12 ↓ -0.27%
Pi Pi (PI) $0.44 ↓ -0.43%
Ondo Ondo (ONDO) $1.05 ↑ 0.87%
Aptos Aptos (APT) $4.84 ↑ 1.15%
Internet Computer Internet Computer (ICP) $5.68 ↑ 0.79%
OKB OKB (OKB) $48.22 ↑ 0.17%
Bonk Bonk (BONK) $0.00 ↓ -1.44%
Mantle Mantle (MNT) $0.80 ↑ 4.93%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -0.50%
Kaspa Kaspa (KAS) $0.10 ↓ -0.41%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 0.96%
Algorand Algorand (ALGO) $0.28 ↑ 3.06%
Arbitrum Arbitrum (ARB) $0.45 ↑ 0.35%
VeChain VeChain (VET) $0.03 ↑ 0.39%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.01%
Render Render (RENDER) $4.25 ↑ 1.18%
GateToken GateToken (GT) $17.83 ↑ 1.37%
Worldcoin Worldcoin (WLD) $1.17 ↑ 0.13%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.24 ↑ 1.40%
Sky Sky (SKY) $0.09 ↑ 1.54%
Sei Sei (SEI) $0.34 ↑ 3.27%
Cosmos Cosmos (ATOM) $4.78 ↑ 1.76%
SPX6900 SPX6900 (SPX) $1.98 ↑ 1.09%
Filecoin Filecoin (FIL) $2.69 ↑ 1.33%
Flare Flare (FLR) $0.03 ↑ 9.05%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.74 ↑ 0.13%
Jupiter Jupiter (JUP) $0.56 ↑ 1.35%
Story Story (IP) $5.48 ↑ 0.66%
Curve DAO Token Curve DAO Token (CRV) $1.11 ↑ 8.18%
Injective Injective (INJ) $15.01 ↑ 6.07%
Quant Quant (QNT) $123.92 ↑ 1.81%
KuCoin Token KuCoin Token (KCS) $11.64 ↓ -1.05%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.01%
XDC Network XDC Network (XDC) $0.09 ↑ 2.50%
Celestia Celestia (TIA) $1.95 ↓ -0.28%
Fartcoin Fartcoin (FARTCOIN) $1.35 ↓ -0.88%
Stacks Stacks (STX) $0.82 ↑ 0.96%
Four Four (FORM) $3.38 ↓ -0.49%
Optimism Optimism (OP) $0.73 ↑ 0.54%
FLOKI FLOKI (FLOKI) $0.00 ↓ -2.31%
Ethereum Name Service Ethereum Name Service (ENS) $31.54 ↑ 3.40%
Immutable Immutable (IMX) $0.60 ↑ 5.97%
dogwifhat dogwifhat (WIF) $1.07 ↓ -0.06%
The Graph The Graph (GRT) $0.11 ↑ 1.13%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↑ 0.13%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 8.64%
Kaia Kaia (KAIA) $0.17 ↑ 2.36%
PancakeSwap PancakeSwap (CAKE) $2.85 ↑ 2.76%
Lido DAO Lido DAO (LDO) $1.10 ↑ 0.18%
Sonic Sonic (S) $0.34 ↑ 0.39%
PAX Gold PAX Gold (PAXG) $3,356.05 ↑ 0.00%
Tezos Tezos (XTZ) $0.90 ↑ 0.54%
Conflux Conflux (CFX) $0.18 ↑ 0.51%
Vaulta Vaulta (A) $0.57 ↓ -0.24%
Theta Network Theta Network (THETA) $0.89 ↑ 1.29%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.02%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 1.26%
Nexo Nexo (NEXO) $1.31 ↓ -0.39%
IOTA IOTA (IOTA) $0.21 ↑ 2.86%
Tether Gold Tether Gold (XAUt) $3,347.17 ↑ 0.02%
Raydium Raydium (RAY) $3.08 ↑ 1.96%
Gala Gala (GALA) $0.02 ↑ 1.02%
The Sandbox The Sandbox (SAND) $0.31 ↑ 2.79%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↓ -0.88%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 1.62%
Pendle Pendle (PENDLE) $4.43 ↓ -0.98%
Jito Jito (JTO) $2.02 ↑ 2.44%
Home Business

Understanding “Digital Twins”: What Will the Future Bring?

Sean Odhran by Sean Odhran
8 March 2023
in Business
Reading Time: 3 mins read
0
Digital Twin Technology Offers Us Endless Opportunities

In our previous article, we talked about the concept of the “digital twins,” how it was used in the past, and what kind of a concept it is in general. On the other hand, this important technology may be one of the biggest steps to the metaverse of our dreams. In this article, we will provide some insights into understanding the digital twin concept and how it can be used in the future.

Table of Contents

Toggle
  • Let’s Talk A Little More About Digital Twins Technology
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  • So, How Can We Use This Technology in the Future?
  • Digital Twin Technology Offers Us Endless Opportunities
        • It may get your attention:

Let’s Talk A Little More About Digital Twins Technology

A digital twin comprises three distinct pieces: a physical system, its virtual replica, and a communication channel that links the two. This connection between them usually involves transferring data from sensors on the physical system to their simulated counterparts.

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Digital twin technology is made up of three major categories: metaverse, IoT, and AI. If you imagine a Venn diagram with these three technologies in separate circles, the digital twin would be in the overlapping center. Digital twins are different from models or simulations because they are much more complex and detailed, and they change as new data comes in from the physical world.

Although advanced digital twins are still beyond our reach for complicated systems, we anticipate that improved AI capabilities, more accurate sensors, and specialized tools such as those expected to power the “metaverse” will catalyze their development. Taking a few years into account, it is clear that digital twins could soon serve as an essential foundation for enterprise-level digital transformation.

So, How Can We Use This Technology in the Future?

Fast forward to 2027, and a delivery drone company has created an exact digital model of their 15,000 drones in operation worldwide. Altitude, speed, direction, moisture levels—the list goes on—all these aspects are constantly monitored and updated within the digital twin in real-time. However, one day, out of nowhere, one of the drones falls from the sky, causing mass chaos! What could have caused such devastation?

Utilizing virtual reality goggles at home, engineers can view the digital twin of a crashed drone in high-resolution 3D. By traversing within the drone, they can craft an augmented reality experience by observing copies of all parts and analyzing contextual data based on sensors. After examining the crash this way, they quickly realize it was caused by overheating issues from its rudder controller.

Understanding Digital Twins What Will the Future Bring?

In the traditional aviation scenario, switching out all 15,000 controllers would be costly, with no guarantee that it wouldn’t happen again. Fortunately for us, AI technology has provided a much more promising alternative. Through their research and analysis of the issue in Phoenix – where temperatures can reach beyond 115 degrees Fahrenheit – the engineering team identified that a weakened chemical adhesive due to repeated heating and cooling was responsible for this malfunctioning controller.

It gets even more impressive! The company maintains a digital twin of its drone factory, which is continuously updated. This allows them to quickly pinpoint the source of an issue by tracing the past events related to it–like in this instance where they discovered that the likely cause for failure was due to high temperatures during assembly as their AI system identified that this particular sensor had been manufactured over summer and fell within top 5 percentile when it comes temperature reaching peak values. Like a chess computer, the AI methodically considers 57 potential solutions and recommends the safest and most cost-effective options.

Digital Twin Technology Offers Us Endless Opportunities

Thanks to the digital twin system, this example saw an impressive array of positives: reduced expenses, diminished accidents and disasters, and improved environmental sustainability, all while not disrupting manufacturing processes or entailing significant downtime for either factories or drones. This is a prime illustration of how advanced technology can bring about radical transformation with greater agility, cost-efficiency, timeliness, and safety.

ADVERTISEMENT

It’s time to redefine the value of technology that we so often discuss. The Internet of Things (IoT) is now becoming a central part of technological progress, artificial intelligence helps engineers streamline their processes in real-time, and augmented reality and virtual reality bring digital replicas to life with incredible realism.

Rather than using virtual spaces as an escapist fantasy world for entertainment purposes only, they can be used to enhance our actual lives.

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Sean Odhran

Sean Odhran

Financial Writer Hello there, my name is Sean, and I'm a financial reporter with a particular interest in the world of cryptocurrency. I'm passionate about delivering accurate and insightful reporting that helps my readers navigate the complex world of finance and make informed decisions about their investments.

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