Defining the digital twin for business model transformation | HCLTech
Digital Twin

Overview

Digital twins are developed in those areas where decision-making is an important part. When a dynamic model is needed, it needs to be kept up to date with data from the real-world counterpart. In both cases, the purpose of the digital twin is to inform decision-making by promoting simulation and advanced analytics.

The thought leadership whitepaper showcases perspectives from HCLTech’s Industry of Things (IoT) and CSA leaders on:

  • The evolution of Industry NeXT in accelerating digital transformation: The role of the digital twin and digital thread
  • Managing the digital twins’ lifecycle: ‘How’ and ‘where’ to begin the digital transformation journey for operations, engineering and business management
  • The digital thread and digital twin journey: Applications in supply chain, manufacturing and business
  • Deep dive into digital twins – functional architecture, timelines and business impacts
  • Bootstrapping the digital twin journey: Enhancing business impact by leveraging the HCLTech ecosystem.

Download Whitepaper

The role of the digital twin and digital thread

Can digital twins provide deep insight into the past, the present and the future state of operations? Can they facilitate behavior learning, understanding and reasoning? View the recording of this interesting panel discussion and get answers to these and other compelling questions as leaders from HCLTech and University of Cambridge come together to discuss and define the digital twin for business model transformation.

View Recording

Speaker

Panel discussion to launch the whitepaper

The three speakers share there take on the following questions in this panel discussion to help us define the digital twin and understand how the technology will shape the future of industry and drive business model transformation.

  • What is a digital twin and How will digital twins define the future of industry?
  • What business impact can digital twins instigate?
  • How are they disrupting business model innovation?
  • How can you create and realistically deploy digital twins in a non-complex way into a value-based system?
  • How can digital twins interact with other technologies – such as AI – in an Industry 4.0 connected and contextualized ecosystem
  • How can companies effectively implement a digital twin and go-to-market strategy?
  • What are the hurdles to digital twin implementation?
  • Looking ahead to 2023 and beyond, what key trends and updates do you expect from your digital twin research and in general, market adoption?

Speakers

Sukant Acharya
Sukant Acharya

Executive Vice President, Global head for IoT and Industry NeXT – HCLTech

Sukant Acharya is the Global head for IoT and Industry NeXT at HCLTech. He is a seasoned executive and business leader who has worked in Management Consulting, Outsourcing, and core Industry domain with heavy focus on Digital, Analytics, IoT, IIoT, and Industry 4.0. Sukant brings in expertise of building, nurturing, and leading global businesses. He has sponsored, advised, developed, and delivered on digitally enabled Business Transformation, Innovation, and Operational Improvement programs.

Ralf Schulze
Ralf Schulze

Associate Vice President, Head for Manufacturing IoT, HCLTech

Ralf Schulze is the European Head of the Manufacturing vertical at HCLTech’s dedicated Internet of Things (IoT) business unit, IoT WoRKSTM. Ralf is a business leader who brings valuable insights to multiple industries, most importantly, enabling business model transformation, particularly formanufacturing organizations to leverage digital technologies and strategies and drive sustainable future growth. In addition, Ralf is a part-time lecturer at the Northern Institute of Technology Management (NIT) in Hamburg, Germany on the topic of Digital Transformation.

Erika Pärn
Erika Pärn

Senior Research Associate, University of Cambridge

She is passionate about digitalization, digital twins and its potential for social and business innovation. Her interests in digital twins is from a business model perspective. She was honoured with ‘Construct IT for Business Award for Best Paper on Construction ICT’ issued by University of Salford Manchester in June 2015. She was also featured in Planning, BIM and Construction Today for her research suggesting that combining digital building techniques could have a significant impact on homes, cities and transport networks.