We are witnessing a radical change of the way products are created, produced, and utilized. As a consequence of continuing digitalization, leading technology companies are pursuing the idea of a complete, high fidelity “digital twin” that makes the boundaries between the design process of mechanical parts, electronics, embedded software, sensors and specialized IC and sensor technology are disappearing.
This digital twin is becoming a necessity. Autonomous driving, as an example, puts an end to the feasibility of verifying the functionality of today's and tomorrow's vehicles through road testing. A complete virtualization of mechanical properties, physics, electronics, real-time software, down to the sensor data processing at the IC level is the only avenue to verify the safety and functionality of advanced driver assistance systems and autonomous functions. In the same way, technologies like additive manufacturing, advanced materials and exploding variation require an extensive virtualization of the production process to accelerate verification.
IoT technology provides an unprecedented amount of information and feedback for systems in operation. It is already giving a competitive advantage to manufacturers who are going beyond “analytics” and tap into the models created during development and production to utilize the vast amounts of available data in the optimization of the system.