Digital twin, the creation of a virtual, but dynamic, representation of your operations is a powerful approach to better understand how it works today or could work in the future. With a digital twin, an organization can monitor performance, predict the impact of changes, identify areas for improved productivity or customer service and evaluate new operating models. The concept has been around for almost 20 years but has gained popularity recently because of the proliferation of IoT- and cloud-based modelling solutions. If you think about it, the possibility to create a digital twin of your fleet exists today. Here are the 5 key components that are needed to create digital twin of your fleet.