Discrete Event Simulation: 5 Reasons Why Engineering and Business Students Should Know It.

The pursuit of a smart interconnected world is being made possible by the integration of simulation and Digital Twin concepts in traditional business processes. Discrete Event Simulation (DES) is one such concept that falls into this bracket as it can be used to model complex business systems and operations. With DES, developing digital simulations of …

Industry 4.0 Revolution: Understanding the Digital Twin and Its Benefits

The world is moving toward an era of more efficient business operations driving by automation. This was one of the key messages of Mitsubishi Hitachi Power Systems CEO, Paul Browning, at the just concluded 2019 CERAWeek held in Houston. Paul Browning, who was the keynote speaker on the ‘digital transformation agenda’, spoke about Mitsubishi’s use …

Digital Twin Technology: 5 Challenges Businesses Face By Overlooking It

A Disruptive technology is a product, concept or service that has the ability to redefine the traditional way of doing things.  Today, the digital twin concept is being hailed as a disruptive technology with the capacity to change how we design, solve complex problems and collaborate. In fact, a Gartner Report predicted that by 2021 …