Digital Twin is an end-to-end virtual model of a physical thing, process, or service to enable data-driven decision-making and to put an end to business-process inefficiencies. Essentially, the digital twin is a technology that creates virtual representations of the physical world and its many relationships. The concept of digital twins represents the fusion of physical and virtual worlds, and every industrial product will get a dynamic digital representation. Digital Twins are a persistent digital model of the structure, behaviour and context of the physical thing, process or a service.
A digital twin platform provides an open API that allows any system to interact with the digital twins.
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We have our own patented Digital Twin and IoT enabled Performance Intelligence & Health Analytics solution for the Renewable Energy Sector. Our patented technology is for a system employing electrical digital twin for solar photovoltaic power plant that helps in optimising solar assets & portfolio to streamline O&M, benchmark asset’s performance, effectively manage SLAs, increase yield & improve your plant’s performance.
Digital Twin of any device has four components – viz., Device data, AI/Data Analytics, Device Knowledge & Data Modelling. Once you have the data from the device, you need AI/Data Analytics to identify relevant signals from the data. Even with AI detecting patterns, intimate knowledge of whether the pattern is meaningful is utmost important. Building Data models based on this knowledge can help organizations to have a complete digital footprint. These ‘connected digital things’ generate data in real time, which can help companies better analyse and predict problems or give warnings in advance, prevent downtime, develop new business models or simulations and even plan better for the future at a lower cost by using simulation product. All of these will have a greater impact on providing a better customer business experience. We have a patented digital twin technology and a team of Subject Matter Experts that specializes in multiple digital twin IoT platforms including but not limited to Microsoft Azure IoT digital twin platform, Amazon Sumerian and AWS IoT Core digital twin platform.
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A custom Digital Twin software that combines Big Data, Artificial Intelligence (AI), Machine Learning (ML) and Internet of Things is the key to Digital Transformation and is mainly used in the Industrial Internet of Things, Engineering and Manufacturing, Healthcare & Energy business verticals. The extensive coverage and use of the Internet of Things has made Digital Twins more cost-effective and accessible in the business environment. Few common applications of Digital Twin are:
Statistical models can help predict failure of the asset & preventive, predictive & prescriptive maintenance can be carried out, thereby saving time, money & productivity.
With Digital Twin, everything can be connected & virtually designed, validated, & tested to aid in reduced development time, improved quality, & quicker response to feedback.
With the help of Digital Twin, an operator can visually experience the operation of a particular asset or a plant & alert/notify or take remedial actions in case of any deviation.
With Digital Twin, one can avoid outage & automatically identify performance issues and give the insights needed to manage problems proactively.
The field agent can be trained using virtual reality & digital twin to fix various issues in a step-by-step manner, dramatically reducing the cost of maintenance.
With digital twin platform we can leverage multi-physics based simulation to experiment with various what-if scenarios before actually manufacturing the product.
At Pratiti, we define a hierarchy of digital twins. The most common being component, asset, system, and process digital twins.
We can even co-create these digital assets before physically building them. To create a virtual replica or a digital twin platform of any tangible asset, our craftsmen collect and synthesize data from a variety of sources, including physical data, manufacturing data, operational data, and analytical software insights. All this information and AI algorithms are integrated into physical-based virtual models, and by applying Analytics to these models, we gain & provide relevant insights for faster decision making. Consistent data flow helps to get the best analysis and insights about your components, assets, systems or processes which helps to optimize business results.
The Digital Twins work with the help of the Internet of Things. The process involves gathering real-time data with the help of smart components which are collected from sensors. This data is connected with a cloud-based system for real-time monitoring and processing of data. After analysing the data, we can perform various operations for performing business decisions.
Pattern Recognition deals with behavioural aspects of the digital asset. The technologies behind predicting the life of an asset and failure systems include Advanced Machine Learning and Transfer Learning Methods.
This process involves building models that can be validated, monitored, and updated continuously. This is how we can help you with digital twin software platforms and solutions that will act as a real-time model of the physical device.
We have proven that leveraging integrated digital twin software platforms and solutions can help firms, enterprises, and industries grow faster and operate smarter. To know more about how our patented digital twin technology can digitize your organization, contact us today.
They offer a representation of occupancy levels of a given plant, and over time, provide valuable insights into the best ways to configure building, supply processes, and workflows.
Assessments of different conditions help provide a risk prognosis in various areas, including product creation, logistics, marketplace reputation, and maintenance of the plant and its assets.
The process of product development and continual improvement is empowered by digital twins. The insights provided help improve product quality and enhance performance of the plants and its assets.
They help find faulty areas, thereby, improving production processes & establishes efficient, effective supply & delivery chains.
They help increase the reliability of assets, vehicles, production lines, and other resources. Predicting maintenance issues before breakdowns occur helps to reduce maintenance costs.
They help track where assets are located within a given space in a precise manner.
Digital twins are virtual models of processes, products or services. The pairing of the virtual world and the physical world allows data analysis and system monitoring to solve problems before they occur, prevent downtime, develop new opportunities, and even plan for the future with the help of simulations. Being one of the leading Digital twin technology companies, we have injected our patented digital twin technology into our development processes to ensure predictive maintenance and health monitoring for our clients’ assets.
Digital twins are becoming a business imperative. It covers the entire life cycle of assets or processes and lays the foundation for interconnected products and services. The twins are constructed so that they can receive input from sensors that collect data from their counterparts in the real world. This allows the twins to simulate physical objects in real-time, gaining insights into performance, health and any other potential problems in your assets or processes.
Digital twins can be used in many fields, such as healthcare, smart cities, oil and gas, smart buildings, etc. They provide a lot of insights into product usage, health of assets, process performance, customer behavior and more.
Some of the key benefits of a Digital Twin Solution are:
Digital twin technology can be used by almost all kinds of industries. Digital Twin software companies use Digital Twin technology to develop custom software solutions to help our clients improve their ongoing operations, processes and overall efficiencies, train employees and test new products or programs before they are released to the real world. Some of the prominent use cases of Digital Twin can be found in Manufacturing, Renewable Energy, Healthcare, Utilities, Disaster Management, Insurance, Smart Cities to name a few. Digital Twin is widely applied for Engineering, Design Customization, Operations & Maintenance, Asset Performance Management, Remote Assistance and Monitoring.
Digital Twin software services and solutions provide:
Digital twins can clearly explain the past, present and future performance of the product, and provide suggestions on how to improve overall efficiencies. By integrating data from IT and OT systems, IoT sensors and third-party data, digital twin can analyze the data, workflow and human behavior in the portfolio in real-time, allowing people to take immediate action to optimize performance or conditions and improve the future state of the product.
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Milind has 25 years of experience in building Enterprise Software. He is an Alumni of Indian Institute of Technology, Mumbai.
He is currently the co-founder & CTO of Pratiti Technologies Driving technology implementations in IoT, Digital enterprise and Healthcare domains.
Instrumental in building Business applications and data platform for Industry 4.0 application stack.
He also has experience in building IoT applications for renewable energy asset monitoring, discrete manufacturing, logistics Smart Home platform etc.
He has a vast Exposure to building enterprise solutions for large industrial customers, Enterprise Integrations & Data exchanges.
He also holds expertise in designing and Manufacturing Engineering solutions.
Stefan is Services Innovation Leader for Philips. In this role, he leads a team of over 400 software engineers and product managers to develop and deliver the remote and IoT capability for Philips devices. The team also provides innovative, data and software driven services to enable the digital transformation of Philips customers.
Before joining Philips, Stefan has served in several senior business and technology leadership roles at Siemens. He was head of strategy for the Digital Industries Software business, facilitating the expansion of portfolio and the transition to a SaaS business model, and head of the automotive industry practice, introducing solutions to tackle key challenges of the industry.
Stefan is a dual citizen of the US and Germany with broad international experience, born and raised in Germany and living in the US since 2001. He holds a PhD in Physics.
Rajiv in his current role as VP Global alliances with Siemens digital industry software business unit, Rajiv is involved with driving global strategic partnerships to help customers realize their digital enterprise aspirations. Rajiv comes with over 30 years’ cross Industry and cross-cultural experience that includes global and regional P&L leadership responsibilities across manufacturing, energy & infrastructure sectors and holds an honors degree in electrical & electronics engineering. In his tenure with Siemens, Rajiv has been instrumental in incubating startup business around Industrial IOT & Cyber security, built vertical market practice for data center vertical and developed the ISV ecosystem around the IOT platform MindSphere. Rajiv has also been a founding member & past director of the European association for Data Centers and is the chairman of executive committee for not-for-profit Industrial IoT business community (MindSphere world) in North America which he helped set up. Rajiv is part of the advisory board for the Georgia Institutes of Informatics’, University of Georgia.
Prashant is Co-founder and COO at Pratiti Technologies. Throughout his career, his passion has been to help improve and transform business processes, by delivering NextGen products leveraging latest technologies. In the first 15 years, his focus was on the manufacturing industry and technologies such as 3D CAD/CAM. Since the last 10 years, his focus has been on applying Digital technologies such as cloud, IoT and AI in a wide range of industries such as healthcare, energy and manufacturing.
Prashant is an alumnus of IIT Kharagpur and IIM Calcutta. He will be our moderator for the session today.
In his 25+ years of career, Nitin has played key roles in building software solutions right from ideation to deployment. As a Co-founder and CEO of Pratiti Labs Inc., he is committed to applying his management learning as well as the passion for building new solutions to realize end-client innovation with certainty. He is also the Co-founder and CEO of Helios IoT Systems – an energy analytics solution company that developed a patented digital twin, IoT and advanced analytics based solution – Apollo. He recently drove a strategic technical partnership between AVEVA and Helios IoT Systems and led Apollo solution to the ‘Next Gen Product of the Year’ recognition. Through his unique leadership style and innovation mindset, Nitin has also led Pratiti to several awards and recognitions from the partner ecosystem including ‘Siemens Partner of the Year’ as well as leading analyst organizations like Frost & Sullivan, Zinnov and NASSCOM.
Through his many achievements in product engineering and leading two successful organizations, Nitin has gained impeccable and tangible skills in crafting and leading custom digital solutions to solve business problems across various industries.
Girish is the founder of Shoonya and an expert in delivering Effective Business Solutions using Immersive Technologies. He has a Master’s degree in Computer Games Technology from the University of Abertay, Scotland.
After working in the Video Games industry for 5 years in Scotland, he came back to India in 2009 and founded Shoonya, with the aim of exploring applications of Immersive Technologies beyond Video Games. He has been through the evolution of Immersive Technologies like Augmented Reality & Virtual Reality right since their inception and has a deep understanding of how to effectively deliver AR/VR solutions that provide real business value.
Over the past 13+ years, Girish has worked on several projects in industry sectors including Aviation, Transportation, Real Estate, Automobile, Energy, Telecom and Manufacturing, with clients across India, UK, Europe, Middle East and Singapore.
Ron Fritz is CEO and co-founder of Tech Soft 3D, the company that supplies underlying 3D technology to more than 700 companies developing engineering software, including Autodesk, Siemens, Dassault, PTC, Bentley, Trimble, ANSYS and many others. More recently, Tech Soft 3D has been providing technologies for CAD import to Digital Twin players including Unity, Unreal and nVidia Omniverse. Ron had led the company since it was founded in 1996 with a focus on business strategy and growth initiatives. The company is headquartered in Oregon in the United States with R&D offices in California, France and Norway.
Deepak Konnur has 40+ years of experience in the Energy Utility business. Presently he is engaged with Adani Transmission as Advisor Digitalization helping technology and business teams to increase their productivity, predictability, reliability, efficiency through improved data and analytics backed informed decision making and to achieve enhanced returns on the assets deployed.
He had worked as Chief Digital Officer, Tata power and was responsible for evangelizing and accelerating digitization initiatives & interventions across all entities of Tata Power.
Prior to Joining Tata Power, Deepak was working with IBM as Vice President – Energy & Utilities Industry Solutions
Deepak has long background in OT & IT Management and has developed and deployed OT & IT plans that achieve strategic business goals.
Deepak is an Electrical Engineer and has done post graduation in Business Administration.
Sujit is a digital visionary whose skillsets have stemmed from understanding and solving customer challenges.Being an industry veteran in the engineering and business analysis space, he has tangible knowledge and insights on how a digital product should be crafted for end-users. His technical and business perspectives have enabled various clients to provide value-driven solutions to end users.He is now leading the strategy and innovations at Smit.fit, a user-empathy-driven product that helps end-users take control over their fitness lifestyles. Prior to founding Smit.fit, Sujit was a Partner at McKinsey.
Nitin is a postgraduate from IIT, Mumbai and in his 25 years of career, has played key roles in building software solutions right from idealization to launch which are adopted by many Fortune 500 companies. As a Founder member of Pratiti Technologies, he is committed to applying his management learning as well as the passion for building new solutions to realize customers’ innovation with certainty. Prior to co-founding Pratiti, Nitin was the Global COO for Geometric (now acquired by HCL).
Prashant loves technology. While this passion helped him top his Masters class at IIT, he wanted to ensure his contribution remains ‘applied’ rather than ‘theoretical’. He is very excited by the convergence of technologies such as SMAC & IoT, and the Digital Transformation they are driving. In his current role, Prashant leads & manages key software projects at Pratiti to deliver higher value & strategic advantage to the clients.
Stephen retired from Siemens in April 2020 as the CEO for the Siemens global IIoT business. Over the past 40 years, Stephen has always been grounded in a solid technical framework from hands on software troubleshooting to creating business outcomes from technology selections and business models.In his current role, he provides software advisory consulting through board positions, software projects and strategic software development practices. During his stint at Siemens, Stephen has received many accolades and is highly regarded for his contributions in MindSphere & Teamcenter.
