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IoT technology’s future is limitless as it has the capacity to orchestrate, deploy, secure, and automate diverse use cases. As businesses are already in their recovery stage post-Covid, there is a requirement for such digital twin technologies that can reduce their costs and, at the same time, accelerate their network ability. Take a glance at our ready-made IoT ppt and digital twin template that will explain its use case and process.
What Values Can IoT and Digital Twin Bring to Your Organization?
Digital twin and IoT technology, once successfully implemented, make a lifelong promise with your organization. As they are going to dramatically save costs and efficiently reduce the risks of unplanned downtime, along with accelerating your competitive time in the market.
Furthermore, digital technology is vital for businesses as it has the potential to predict the future by replicating processes to collect data. Moreover, IoT technology is a computer program that will predict how the service and devices will perform, along with harnessing real-world data to create simulations.
IoT and Digital Twin Template: Exactly What to Include
Powerful IoT and digital twin deck enable users to supervise, monitor, and remotely control system performance. Moreover, the competent template will help organizations minimize service calls and increase production line efficiency.
The deck must include slides like the use of IoT and digital twin to reduce costs, current situational analysis, dashboard, metrics, etc.
Here are the Top 14 Slides that an IoT and digital twin technology template must have.
# Cover Slide
Adopting IoT and digital twin technologies reduced overall operational costs, hikes productivity at work, and much more. Furthermore, implementing IoT and digital twin technology is not easy, but when executed can keep your data safe in service providers and improve the results of the services through unique solutions.
Cover slide of this template showcases the template's title and includes an image to make it more presentable. Moreover, one can even mention their company's name on this cover slide for stakeholders.
You can even customize these 100% editable template slides based on your specific needs.
# Current Situation Analysis
Global market share of IoT and digital twins represents the market share of process support and maintenance applications. This section of the deck exhibits details regarding the current situation of the IoT and digital twin technology by illustrating the issues that arise while implementing IoT and global market share statistics of IoT. Consequently, the IoT and digital twin global market is expected to grow with more than 30% CAGR in the years 2020-2026. Total market value of the digital twin market would be more than $39 BN in 2026. Moreover, the market share of product design and development is surging by more than 50%.
Henceforth, new technologies, such as digital twins, AI, deep learning, IoT, blockchain, etc., are becoming more advanced, reducing the time to market for various industries. Also, various issues that arise while implementing the Internet of things are: delivering high value to customers, data connectivity issues, hardware compatibility issues, data security issues, inaccurate data capture difficulties, etc. Additionally, all these issues affect the quality of decisions that need to be corrected and thus test the device's compatibility.
# Why Do We Need IoT and Digital Twin Technology?
IoT technology manages the production and service processes that minimize the rework and lead times. Additionally, a lot of technology research organizations raise the question of the need for digital twin technologies in different industries. Hence, this slide presents reasons for how IoT enhances the digital twin. Some of the key highlights showcased in the slide include IoT offering visibility about the product lifecycle, unlocking operational intelligence, and at the same time, optimizing maintenance.
Furthermore, IoT and digital twin technology inform the establishment of future iterations in the product. Also, it reduces asset downtime by 22%, leading to differentiating offerings. Similarly, digital twin technology enables a real-time 360-degree view to manufacturers by connecting operational intelligence from diverse assets.
# Supply Chain Optimization by Adopting IoT & Digital Technology
Supply chain optimization helps determine the bottlenecks in the key processes that affect the work and eliminate unnecessary procedures. This section of the template showcases details regarding optimization & digitalization of supply chain operations along with digital twin strategies to improve the supply chain performance. Physical supply chain has four components, namely, vendor, factory, wholesales, and retail. Cyber supply chain tracks the system transaction data, uses sensors and robotics for online procurement, and prepares a supply chain risk analytics matrix showcasing facts for modeling, learning, control, and analysis.
Additionally, various digital twin strategies can be used to improve supply chain performance. They are network optimization, inventory optimization, and process optimization. Also, digital twin technology aids in predicting the changes in demand & supply and, at the same time, assists in understanding the impact of changes on the network. Moreover, optimization of the supply chain helps forecast demand, which further leads to analyzing the accurate inventory levels.
# Optimizing Costs in Transportation Industry
Transportation industry is also implementing IoT and digital twin technology into their systems that aid them to connect to the commuter, automate the train control systems, roll the predictive stock maintenance, etc. This segment of the template highlights rail logistics cost reduction strategies and the functioning of the rail transport industry after the successful implementation of IoT and Digital twins. Henceforth, the top five rail logistics strategies to reduce costs are strategic alternatives, optimizing rail equipment, controlling inbound, strengthening relationships, and decreasing demurrage. One can even depict the key points for these 5 strategies in the slide.
Moreover, the significant ways in which rail transportation operates after the implementation of IoT and digital twin technology are mobility as a service, digital interlocking, automation of train control systems, etc. Digital interlocking eliminates the individual connections to the individual interlocking elements. Likewise, mobility as a service provides instant internet access that helps provide real-time journey information. Similarly, connected commuters offer real-time data about vehicles in motion & allow ticket purchasing.
# Overview of Digital Twin in Oil & Gas Industry
This section in the template will discuss the benefits IoT and digital twin technology provide to the oil & gas industry. Moreover, it illustrates the transformation by using intelligent automation technology in the industry and digital goal mapping for upstream operations. Thus, the oil & gas industry includes three stages in digital goal mapping: physical to digital, digital, and digital. Similarly, the three phases in the oil & gas industry for upstreaming operations are exploration, development, and manufacturing.
Additionally, for showcasing the transformation in the oil & gas industry, major components added in the slide are client profile, key problem areas, impacted processes, and realized benefits. Process automation reduces costs by 12%, improves customer responses, etc. Also, the key problem area is establishing an intelligent tracking system. It will aid to improve operational efficiency and pressure to reduce costs in the wave of crude price.
# Healthcare Industry Using IoT Technology
The template provides benefits of IoT and digital twin technology in the healthcare industry. Henceforth, this section in the deck presents five ways technology can reduce healthcare expenses and the effect of IoT technology on healthcare costs. The five ways through which the digital twin technology can reduce healthcare expenses are as follows. Like, automating administrative tasks, reaching new patients with targeted digital marketing, optimizing the supply chain for value-based care, using scheduled applications to reduce staffing costs, etc.
Furthermore, the slide shows more about the ways and their benefits to the healthcare industry. Also, the template’s section focuses on the effect of IoT technology on healthcare costs. IoT technology provides various benefits to the healthcare industry, like error reduction, proactive treatment, improved treatment, cost reduction, etc. Similarly, all these benefits of digital twin technology mutually impact healthcare costs. Consequently, there is a 16% reduction in costs by avoiding unnecessary visits & admissions, which reduces 22% of the costs due to saving time, etc.
# Use of IoT & Digital Twin to Reduce Costs Post Covid-19 Lockdown
Using digital twins for operational analysis helps businesses increase the automation of processing functions & minimize downtime. This slide showcases the use case of IoT and digital twins in different sectors. They aim to reduce costs after the Covid-19 lockdown. Henceforth, the table depicts the names of the sector, use case of IoT, description, and cost-benefit.
Consequently, the template exhibits that the use case of IoT and digital twins in the healthcare sector is patient monitoring. Thus, it is used to create analytical reports of patients to monitor potential threats. Moreover, IoT in the healthcare sector helped reduce the occurrence of ed scores by 80%. Likewise, the deck will aid you in presenting the use case of IoT and digital twin in different sectors like oil & gas, supply chain, etc., along with their description & cost benefit to the organization.
# Impact of Implementing IoT & Digital Twin
Implementation of IoT and digital twin benefits the organizations in numerous ways, such as it improves inventory visibility & reliability, increases strategic sales, etc. This slide illustrates virtual replica's effect on industries' revenues. Such as planning efficiency, inventory reduction, increased throughput, reduced expenses, revenue growth, reduced inventory write-off, etc.
Furthermore, the template allows you to highlight components in which certain changes have been seen after implementing the digital twin. These are: reduction of obsolete and excess inventory, reduction in fines from shipment delays, improvement in on-time delivery & working capital, reduction in expedited logistics expenses, decreased duplication of efforts, etc.
Bottom Line
IoT and Digital Twin technologies are changing the processes in which the digital and physical worlds interact. To stay ahead, brands need to keep up with the latest trends as they happen and implement the same on time.
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If you need assistance with anything related to sharing your vision, future perspective, etc., we are happy to help.
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P.S. Read our blog to grasp knowledge on what role business value play in IT success?
