Development of the Bulgarian and European Economies – Challenges and Opportunities
“ST. CYRIL AND ST. METHODIUS” UNIVERSITY OF VELIKO TARNOVO - UNIVERSITY PRESS

Digital Twins in the Context of Industry 4.0: Essence, Characteristics and Prospects


Authors:
Ivaylo Kostov D. A. Tsenov Academy of Economics, Svishtov

Pages: 92-96

Abstract:

In the context of accelerated digitalization and the development of Industry 4.0, digital twins are becoming a crucial tool for transforming industrial enterprises. This study aims to ana lyze the core of digital twins by identifying their main features and exploring their potential appli cations in manufacturing settings. The article reviews existing scientific definitions and traces the evolution of the concept, focusing on the relationship between physical and virtual systems in real time. Key characteristics include integration with the Internet of Things, simulation and forecasting abilities, and support for management decision-making. The primary areas where digital twins are applied in industry are examined, such as optimizing production processes and enabling predictive maintenance. Lastly, the study discusses prospects and challenges for implementing digital twins, considering technological, organizational, and economic factors. The findings contribute to a better understanding of the role of digital twins in modern industrial transformation.

Keywords:

digital twins; Industry 4.0; artificial intelligence; Internet of Things.

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