As the manufacturing world confronts deep transformation and the need to capitalize on the Industry 4.0 bonanza, digitization of equipment, processes, and products are gaining more relevance. Although it’s been around for decades, the concept of a digital replica of a physical asset is poised to enter a new era.
The decreasing cost of sensors and the increasing progress of computational capabilities have made the Internet of Things (IoT) ubiquitous, widely accessible, and scalable.
