Challenges & Opportunities of Digital Twins in Asset-Intensive Industries
ABSTRACT
Digital Twins have been proposed to aid the Design, Analysis, Build, Manufacturing and Operations phases of asset-intensive industries such as automotive, aerospace, manufacturing, energy, industrials, high-tech, and healthcare. Digital Twins have a physical asset, a virtual asset (a simulation model of the asset), and a two-way information flow between the physical and virtual worlds using an IOT platform that are connected to sensors on these assets. While most companies use data-based analytics and machine learning to build Digital Twins, they require lots of training data and the accuracy is limited to the observed data. Some industries have started using physics-based simulation to build digital twins and while these approaches are accurate, they require long computation times to deploy. In this talk I will describe how we are using hybrid approaches combining data-based analytics and physics-based approaches to build digital twins that are very accurate and require less training data and drive high operational efficiency of assets in various industries.
BIOGRAPHY
Prith Banerjee is Senior Vice President of Simulation and Analysis Incubation at Synopsys. Prior to that, he was CTO of Ansys, CTO of Schneider Electric, CTO of ABB, Managing Director of R&D at Accenture, and Director of HP Labs. Previously he spent 20 years in academia as Professor, Chairman and Dean at the University of Illinois and Northwestern University. He is the founder of two software startup companies, Accelchip and Binachip. He has served on the Board of Directors of Cray, CUBIC, Turntide, and the Anita Borg Institute, and the Technical Advisory Boards of Ambit, Atrenta , Calypto, Cypress, Ingram Micro, and Virsec. He is a Fellow of the AAAS, ACM, IEEE and National Academy of Inventors. He was listed in the FastCompany list of 100 top business leaders in 2009. He received a B.Tech. in electronics engineering from the Indian Institute of Technology, Kharagpur, and an M.S. and Ph.D. in electrical engineering from the University of Illinois, Urbana.