Digital Twins Support Supply Chain Optimization [Forbes]
Aspen Technology, Inc. (AZPN)
Last aspen technology, inc. earnings: 1/29 04:05 pm
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Source: Forbes
An Optimized Production Schedule Based on Maintenance Intelligence AspenTech Digital twin is the phrase used to describe a computerized (or digital) version of a physical asset or process. The digital twin contains a sensor or sensors that collects data to feed the asset or process model. In short, the digital twin concept combines the ideas of modeling and the Internet of Things (IoT). The digital twin concept has most often been applied to assets. A piece of machinery generates data on vibrations, heat, pressure, and other things as well. That data is used to predict a machines failure and to apply preventative maintenance to make sure that an unplanned failure does not occur. In terms of supply chain planning, factory machinery is the key area where an asset's failure leads to increased manufacturing costs and service failures for customers. The supply chain model does not look to predict asset failures, but it does seek to use the digital twin mainten
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AZPN
Earnings
- 2/6/24 - Beat
AZPN
Sec Filings
- 5/1/24 - Form 3
- 4/29/24 - Form 8-K
- 4/2/24 - Form 4
- AZPN's page on the SEC website