How is Digital Twins concept disturbing the manufacturing industry

How Is “Digital Twin” Concept Disrupting The Manufacturing Industry?

Previous waves of digital disruption have been characterized by replacing an existing product with a digital version that can be produced and distributed at a lower cost. For an example that shattered a long-established industry, look no further than the digitization of print media.

As digital disruption continues to transform more and more industries, one of the hot trends for 2018 is ‘digital twins’, with digital enhancing physical products and processes instead of completely replacing them.

The term ‘digital twin’ is widely credited to Dr. Michael Grieves, who used it in the 1980s while researching product lifecycle management at the University of Michigan. However, its true origins trace back to NASA’s work in pairing digital objects with physical ones in the early days of space exploration. At the time, this was achieved solely through simulation and modeling and did not benefit from communication between pairs of physical and digital objects.

Today, a digital twin is a near-real-time digital representation of a physical product, process or system. Internet of Things (IoT) sensors ensures changes in the physical system are immediately reflected in the digital twin, which is carefully analyzed to improve the performance of the actual product.
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What is digital twin?
• 
This term was first introduced and clearly defined by Dr. Michael Grieves in 2003 at the University of Michigan.
• In digital twin, twin refers to the virtual representation/image (generally 3-D model) of a product, process or service. It’s a very important concept in the Internet of things (IoT).

How it works?
• Before the introduction of this concept, manufacturing companies used to create a virtual model of a new product (e.g. Car, bike, etc) first using computer-aided design (CAD) tools followed by converting this virtual model into an actual physical object. Then, they just discard or archive the virtual object as it was no longer in active use.

• With the digital twin concept, this virtual model is no longer discarded, rather, it is connected to the physical object through a cloud-based system. Also, a physical object does not use the same components as before in its development, rather, it contains smart components equipped with sensors.

• These sensors connected to the physical object collect real-time data about status, working condition, or position being integrated with a physical item, etc and send it back to the digital twin. Their interaction can help optimize the product’s performance.

For example, sensors might detect when a car’s engine oil needs changing, and the car’s digital twin will have an overlay image indicating the new information, which can appear on the owner’s smartphone or the manufacturer’s PLM system.

Need and Applications of Digital twin concept:

• This digital twin system can be leveraged to apply analytics for detecting anomalies, early warnings of glitches, predictions such as when to change engine filter, etc and optimization.
• For example, GE company has created Digital twin anomaly detection models to identify the anomalies in the bearings of rotating machines up to 60 days in advance, as opposed to usual 20–30 days.

Source: Ankit Sharma


Magneto 1.9 Supports End In 2020. Are You Ready For It?

Magneto 1.9 Supports End In 2020. Are You Ready For It?

Time is running out for the thousands of merchants still using Magento 1.9 or older. Support for Magento 1.9 is due to expire by June 2020 at the latest. But more importantly, support for PHP 5.6 has already expired. PHP is the scripting software that Magento runs on. Most hosting companies will be demanding that you stop using PHP 5.6. If they have not already, the hosting companies will soon turn it off.

Using a patch, Magento 1.9 can run with the newer versions of PHP, such as 7.3. But it is not at all certain that Magento extensions would also work. Thus, many merchants have correctly decided to migrate the entire Magento platform and not tinker with patching the PHP.

Many will migrate to Magento 2.0. It is better than Magento 1.9. Pages load faster and the checkout is faster, among other technical benefits. But why restrict yourself to Magento 2.0? Out of the box, it will be expensive to install, expensive to run, and expensive to maintain. Does your eCommerce site need all the functionality that this sledgehammer provides?

Magento is not inexpensive to run. If you have just a few orders per day, you should likely be on a cheaper and smaller system. If you process a significant number of daily orders or sell on multiple channels, you likely require an order management system. Most decent order management systems will interface with more than just Magento version 2.0.

Likewise, modern e-commerce platforms all provide the core functionality of most retailers. If you list all the features that you need — not the “nice to have” — you are likely to find that many platforms have them natively, without an extension.

How much does it cost to run Magento 1.9? Magento 2.0 will likely cost about the same. The main expenditures are:
• Hosting
• Maintenance of the software (including keeping it up to date)
• Man hours in keeping the content up to date
• License fees for all the needed extensions

Before switching off the live 1.9 system, most developers recommend
• Creating a new 2.0 installation
• Importing all of the data
• Getting it running fully

Migrating to a different platform will be no different. The same technical challenges exist. You would still need to create 301 redirects. You would need to integrate with all third-party software. You’ll need to test. Whether it’s Magento 2.0 or another option, the migration is similar.

Source: Practicalecommerce.com

What Is Good For Your Website? Higher Or Lower Bounce Rate

What Is Good For Your Website? Higher Or Lower Bounce Rate

In this #TechKnow Session Parveen explains, What-is-Higher-or-Lower-Bounce-Rate?
Which-is-Better for your Website?

Bounce Rate is a highly misunderstood and misperceived metric.
The general belief is that lower the bounce rate, better the quality score of the page, website. Logically that’s correct – because it means – the user has continued to browse to another page of the site i.e. continuation of his session on the particular website.
When I started working on SEO way back in 2004, there was no concept of bounce rate at all. Getting users on our website was a big success and increased traffic meant Google gave your site a push in their rankings.

Things have dramatically changed after that. Until a few years ago, a 40% or lower bounce rate was considered great for any website.
ECommerce and Mobile changed that perception forever.
e.g.You have a one-page website where the visitor can review products and buy on the fly from your store. All the action including making the purchase happens on one page or at most another one which says “Thank You for Buying From Us” or “Thanks for Subscribing”.

What would be the bounce of the website now? 50% because everything happens on the one/two pages of the website. Are you complaining though?
No, as long as the user completes the desired action and closes the website. Right?

Summary:
Bounce Rate is a good metric to measure user experience/flow on a website but “how much is too much” will depend on the intuitive nature of website you have developed, your website’s intended flow for the user and goals hit on the website page.

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