Digital Twins and Industrial Metaverse

Production companies are increasingly confronted with rising demands in terms of efficiency, quality and flexibility.

There is often already an awareness of the relevance of digital technologies, but there is a lack of ability to utilise their full potential. Studies show that more than half of companies consider their digital maturity in the area of automation and digitalisation to be insufficient.

High production costs, long development cycles and unpredictable maintenance requirements have a particularly negative impact. At the same time, trends such as the Internet of Things (IoT) and data-driven decision-making processes are leading to increasing pressure to continuously improve existing processes and integrate new technologies.

An innovative approach to overcoming these challenges is based on the use of digital twins in combination with the Industrial Metaverse. Digital twins are virtual replicas of physical systems or assets that enable more efficient monitoring, reduced maintenance, optimised planning and seamless integration.

By combining IoT, cloud edge computing and simulated data, digital twins of physical assets and processes can be created and - what sets our solution apart from others - seamlessly integrated into the Industrial Metaverse. This immersive platform combines digital twins, simulations and real-time data, allowing companies to virtually test, simulate and optimise processes before they are implemented in the real world. This minimises risks, shortens development cycles and raises quality assurance to a new level.

The following aspects of our solution are particularly relevant and convincing for our customers:

• Predictive maintenance: By monitoring and predicting the performance of physical assets, maintenance requirements can be accurately predicted and unplanned downtime reduced.
• Product design and development: Digital twins enable the simulation and testing of product designs, resulting in faster time-to-market and improved products.
• Quality assurance: Models can be seamlessly transferred to real production, which significantly improves quality assurance.
• Smart Cities: Modelling and simulation of urban environments enable more efficient planning and management of urban resources.
• Energy and utilities: The monitoring and optimisation of energy and supply systems lead to greater efficiency and lower costs.

Our solution opens up numerous opportunities. Companies can increase their productivity, tap into new potential and secure their market position in global competition in the long term. Early and comprehensive use of digital ecosystems and platforms offers enormous opportunities, particularly through the use of AI and automation to increase efficiency.

KPMG supports you in identifying, implementing and mastering relevant technologies. Companies should make new knowledge available in their organisation at an early stage in order to increase productivity and tap into new potential. The use of Digital Twins and the Industrial Metaverse makes it possible to test, simulate and optimise processes virtually before they are implemented in the real world.

KPMG Lighthouse not only offers innovative solutions, but also extensive expertise and experience in the implementation and use of Digital Twins and the Industrial Metaverse. Our customised solutions are designed to meet the specific needs of our clients and provide them with a sustainable competitive advantage.