Digital twins are virtual representations of physical assets or systems, which can be used to simulate and analyze their behavior in real-time. Internet of Things (IoT) refers to the interconnected network of physical devices, vehicles, buildings, and other items embedded with electronics, software, sensors, and connectivity.
Product lifecycle management (PLM) is an approach used to manage the entire lifecycle of a product or a system from ideation to disposal. PLM involves proper documentation, tracking, and optimization of various processes in the product’s lifecycle to improve its quality, reduce costs and bring it to the market faster.
The relation between IoT and digital twins lies in the fact that IoT sensors are used to collect and send data to digital twins, which further helps in analyzing the behavior and performance of the physical asset or system. Digital twins, in turn, offer valuable insights into how the asset or system can be improved or optimized through the PLM approach.
PLM, on the other hand, helps in managing the entire lifecycle of the product or system, including the creation of digital twins. It helps to monitor and track the progress of the product or system throughout its lifecycle, from design to retirement.
Overall, the integration of IoT, digital twins, and PLM can provide a comprehensive approach to manage and optimize the performance of physical assets or systems, leading to improved efficiency, reduced costs, and enhanced customer satisfaction.
