How Digital Twin Technology is Set to Transform Our Lives by 2035
Based on a new analysis published this week by Tata Consultancy Services (TCS), the broad adoption of digital twin technology will change business and society by 2035, starting with the life sciences and retail sectors before moving on to smart cities and homes.
What is the new report by TCS about?
By the report, which is referred to as the Digital Twindex, one of the most important benefits of digital twins is their ability to use data to anticipate future scenarios.
In fields like manufacturing, where digital twins can foresee equipment faults and optimize maintenance plans, cutting downtime and costs, this skill has proven to be essential. Experts expect that these benefits will become more widely distributed across various industries in the upcoming years.
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Digital twins of the human body, for instance, “can help ensure medical procedures are practiced and run smoothly, and enable highly personalized treatment,” according to the report’s authors. This will be the most challenging task to complete, and according to the experts surveyed, the bulk of us will not have a digital twin of the entire human body for at least 10 years due to its complexity, variances, and possible legal restrictions. However, individual human organs twins, like TCS’ Heart and Skin BioTwins, already hint at the possibility of future therapies.
It is anticipated that, by 2035, virtually every company in every sector will have used digital twin technology for applications ranging from scenario planning to medical testing.
What are the predictions in this report?
In addition to the apparent financial advantages, digital twins in healthcare and life sciences will genuinely save lives – both human and animal: “A society in which testing of new technology, medical procedures, cosmetics, and pharmaceuticals for the human body occurs solely in cyberspace is one we might imagine thanks to the development of digital twins. There would never be a need to use animals in experiments again.
Digital twin technology will serve as a “critical enabler for executives that need to practice the future” in the corporate world. Given the speed and complexity of convergent factors, it is practically impossible to forecast the future with any degree of accuracy. Instead, organizations must see, rehearse, and adapt to anticipated circumstances; digital twin technology will significantly improve their capacity to do so.
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Establishing a digital representation of a person’s health profile can help individualized treatment plans. This would make it possible for clinicians to forecast patient outcomes, keep an eye on persistent illnesses, and improve treatment plans. Digital twins can speed up drug development and clinical trials, which could result in quicker treatments and better medications.
Holistic patient care would be possible with a digital twin that includes the complete healthcare ecosystem. It would make it possible for healthcare professionals to have a complete understanding of a patient’s health history, way of life, and socioeconomic circumstances, resulting in more precise diagnoses and individualized treatments.
Many experts mentioned the necessity for risk management through governance or regulatory authorities when asked to list the major hazards associated with digital twin technology.
Although digital twins have many advantages, because they require gathering and processing a lot of data, privacy and security issues are also raised. The general public must be aware of how data is used, how it is safeguarded, and what safeguards are in place to maintain privacy. Businesses must also make sure that they are using digital twins in a way that conforms with all applicable laws and regulations.
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Conclusion
As per the said report, organizations should start preparing for the impending digital twin revolution by establishing a solid digital core and reviewing their data governance and privacy policies to make sure they are prepared for success. It adds that “those companies who are positioned to rapidly adopt and innovate with digital twins will be better able to adapt to new challenges and opportunities, whether those be disruptions like pandemics or changing consumer preferences.”
