Optimizing Manufacturing Capacity Using Digital Twin Technology Post COVID-19

A recent survey from the National Association of Manufacturing has highlighted the impact of pandemics on manufacturing chain and manufacturing operations across the world. According to the survey, 80% of manufacturers are expecting the ongoing pandemic and the corresponding lockdown to have a financial impact on their businesses. 53% expect COVID-19 to directly impact their …

Predictive Modeling In Healthcare and The Role of Digitization

The digital transformation of the healthcare industry is moving at an accelerated pace as healthcare facilities continue to reap its benefits in operational management, epidemiology, and personal medicine. And one subset of Digitization that is proving to be extremely useful is the integration of predictive modeling and analytics in healthcare. Predictive modeling refers to the …

Best Answers to Commonly Asked Risk Analysis Questions

Many managers don’t understand what exactly risk analysis is.  We put together some of the most common questions with responses for you. What does the risk percentage mean? The risk percentage approximates the on-time probability for an order with appropriate consideration of the number of replications or “experiments.”  It tells the user how confident they …

Integrating Digital Transformation to Enhance Overall Equipment and Facility Efficiency

The digital transformation of traditional business process and the assets that run them have become one of the raves of the moment. A Forbes-backed research highlights just how popular the topic of digital transformation and the tools needed to accomplish it has become. Statistics like the fact that 55% of business intended to adopt digitization …

How Do You Create a Digital Twin – 5 Things to Know

The Digital Twin is reminiscent of the early days of the personal computer in many ways. Initially, creating a digital twin required excessive computing power and multiple engineers working round the clock to develop digital representations of physical models. And just like the personal computer, technological advancement led to the creation of cloud-based digital twin …

Top Trends in Simulation and Digital Twins Technology for 2020

Digital Twins refers to the digital representations of people, processes, and things. It is used to analyze operations and receive insight into complex processes. As 2019 comes to an end, the need to define digital twin technology still exists and hopefully by this time next year, its growth and popularity will make this need obsolete… …

Simio Showcases the Digital Twin at INFORMS Annual Meeting 2019 – A Recap

The INFORMS Annual Meeting for 2019 has come and gone with multiple keynotes shared, workshop activities, and hundreds of excellent companies sharing their experiences and solutions from brightly colored booths. Once again, Simio was at the thick of things evangelizing the benefits of simulation and Digital Twin technology to the world. As with all annual …

Simio Training and Certification – Introducing Simio Fundamentals

Learn from Simulation Experts, Advance Your Skills and Knowledge. Organizations across every industry need individuals with simulation, modelling, and digital transformation skills to help transform their business processes. Simio Fundamentals will help you learn, relearn, and validate your simulation and modelling abilities with this introductory course. Simio Fundamentals is an online course which consists of …

Integrating Simulation and Digital Twin Technology in the Hospitality Industry

The numbers are in and they do look good for the hospitality industry which consists of hotels, restaurants, and other hospitality-related services. According to Forbes, profitability in the hospitality industry is finally on the increase after the slump of previous years. The report further stated that the net profit margins for full-service restaurants grew by …