Digital Twin is a digital image of either material or immaterial objects that can be used for various purposes. In some cases also the indication of a “digital avatar” is common.

It is important for the Industry 4.0 / Smart Factory /Internet of Things (IoT) Enablement.

Why this is interesting for a Chief Digital Officer (CDO)?
The Internet of Things (IoT) is one of the drivers of digitalization. Smart devices can be found everywhere. With the help of these, e.g. productions can be even more efficient and automated. Cyber-physical systems form the basis of industry 4.0. In addition, companies can make their products smart and participate in IoT. New business models can be developed. The Chief Digital Officer (CDO) in particular is being made responsible for this, or at least that is what they are there for.

See also (glossary Internet of Things (IOT)): Why this is interesting for a Chief Digital Officer (CDO)?
The basis of a Chief Digital Officer (CDO) is to develop new business areas and business models. This is summarized under the 4.0 term world or Smart Everything.

See also (glossary 4.0):

External links:

Jan

My name is Jan Puder (LinkedIn profile Jan Puder). I am the founder & CEO of the BusinessTech-Company. Me and the BusinessTech-Company want to push the digital frontier. This is the reason, why I started this website. I want to provide information about digital businesses, especially for Chief Digital Officers.

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