Many large corporations have invested in digital twins: photorealistic virtual replicas of products or operations from the physical world. Modern personal computers and a new generation of software simulation tools can now bring these powerful modeling and visualization capabilities to small and mid-size firms as well. While they might not be quite the equivalent of their high-end brethren, they can help accelerate the ramp-up of new product designs into volume manufacturing and can facilitate continuous process improvement.
Computer Simulations Are Better — and More Affordable — than Ever
Firms of all sizes can now take advantage of this digital wizardry.
October 02, 2020
Summary.
The plunging cost of simulation tools known as “digital twins” means that firms of all sizes can afford them. Their applications include operations planning and design, process improvement, closer collaboration between design and manufacturing, training, and communications and marketing.
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New!
HBR Learning
Digital Intelligence Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Digital Intelligence . Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Excel in a world that's being continually transformed by technology.