“Digital twin technology” simulates real-world assets in a virtual environment, allowing manufacturers to monitor, analyze, and optimize performance throughout the asset lifecycle. By creating a digital replica or twin of physical objects, organizations can run simulations, predict issues, and enhance production processes. This technology facilitates predictive maintenance, resource allocation, and operational efficiencies. Digital twins are increasingly used in industries like manufacturing, healthcare, and urban planning, driving innovation and leading to improved decision-making based on real-time data and insights.