Digital Twin Technology and Applications (eBook)

The Fourth Industrial Revolution is being accelerated by the digital twin technological revolution, which converges intelligent technologies and defines the connectivity between physical and digital items. The Internet of Things (IoT) connects the real and digital worlds, allowing connected items to deliver a vast array of services to internet users. IoT devices create large amounts of data that may be fed into AI systems for decision- making. In a decentralized architecture, digital twin technology may be utilized to protect platforms and create smart contracts. Digital twins decentralized ledger, immutability, self- sovereign identification, and consensus procedures hold a lot of promise for improving AI algorithms. Furthermore, leveraging smart contracts in a digital twin system to facilitate user interaction via IoT might have a big influence, and this integrated platform is expected to revolutionize many fields.Digital Twin Technology and Applications examines the problems, issues, and solutions for using big data to enable streaming services using IoT and AI with digital twin technology. The IoT network concept is the key to success, and to establish a solid IoT platform on which large data transmission may take place, it must handle protocol, standards, and architecture. The book provides insight into the principles and techniques of IoT and AI. It explores the idea of using blockchain to provide security in a variety of sectors. The book also covers the application of integrated technologies to strengthen data models, improve insights and discoveries, innovate audit systems, as well as digital twin technology application to intelligent forecasting, smart finance, smart retail, global verification, and transparent governance.