First, the process begins with digitization - converting information (i.e., objects, images, sounds, documents, data, etc.) into an electronically stored digital format accessible through technology.
Next, digitized information is used to build digital twins, which are virtual representations of physical products, production processes, and operation performance.
The data relationships between digital twins and they inform and influence each other are known as the "digital thread." Digitalization in practice is analyzing the digital thread and using the resulting insights to improve products and processes across an enterprise.
Digitalization is being rapidly adopted by multiple disciplines in the public and private sectors. It is ongoing in mature disciplines such as education, healthcare, energy, manufacturing, utilities management, transportation, and infrastructure development.
Related products: Digital Transformation Strategy
