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Digital Twin: A value creator

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The digital twin is the key to effective decision-making in this new world. Making better decisions, faster, that can be executed perfectly, every time, is vital for delivering superior results. However it is easier said than done.

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Digital Twin: A value creator

  1. 1. Proprietary Information The Digital Twin: A Value Creator Future Downstream Automation Summit
  2. 2. 2Proprietary Information Why bother with a Digital Twin? The digital twin is the key to effective decision-making in this new world. Proprietary Information
  3. 3. 3Proprietary InformationProprietary Information Easier said than done A constant discrepancy between strategic planning / ambition and results realizationMaking better decisions, faster,that can be executed perfectly,every time, is vital for delivering superior results.
  4. 4. 4Proprietary Information Thedesiredoutcomeshouldinfluencethetypeof analytics
  5. 5. 5Proprietary InformationProprietary Information Instrument / device Control system 3D design and engineering Worker Process / optimization Energy / utilities Supply chain Someexamplesof existingdigital twins
  6. 6. 6Proprietary Information Individualpointsolutiondigitaltwinsexisttoday,a future digitalnirvanahasonemulti-purposedigitaltwin
  7. 7. THE MANTRA HAS TO BE: Proprietary Information 7 Think Big Start Small Scale Fast Drive Adoption
  8. 8. 8Proprietary Information YokogawaandKBChaveachieveddevelopmentof an integratedproductionmanagementsystemdigitaltwin
  9. 9. 9Proprietary Information Froma businessvalueperspective,digitaltwintechnology canbenefitmultiplelevelsof theorganization: Enterprise Insight Advanced Production Value Chain Optimization Automation and Control Instrumentation and Equipment Advanced Chemistry Plant Processes Capability Assurance
  10. 10. Proprietary Information The digital twin promises to be a fantastic tool for strategy execution: Proprietary Information Minimizing second-guessing of decisions. Facilitating information flows across organizational boundaries. Ensuring field and line employees have the information they need to understand the bottom-line impact of their day-to-day choices. August 2018 10
  11. 11. Proprietary Information August 2018 The key challenge of the digital twin is that it needs to exist within a strong governance framework. This includes well defined business processes along with clarity around the decision rights and actions for which people are responsible.
  12. 12. Thecloudis a key enablerfor the digital enterprise of thefuture 12Proprietary Information
  13. 13. 13Proprietary Information 13 Conclusions Digitalization is accelerating and disrupting the decision cycle. A digital nirvana can be within reach A digital twin initiative can rally your operations around this vision and create lasting, sustainable business value.
  14. 14. 14Proprietary InformationProprietary Information www.kbc.global Excellence is never an accident. It is always the result of high intention, sincere effort, and intelligent execution; it represents the wise choice of many alternatives - choice, not chance, determines your destiny. Now is the Time
  • dudaidai

    Apr. 13, 2020

The digital twin is the key to effective decision-making in this new world. Making better decisions, faster, that can be executed perfectly, every time, is vital for delivering superior results. However it is easier said than done.

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