Digital Twins: What Are They & Why Are They Implemented?

A Digital Twin can be defined as a fully mapped digital version of a real-world system. In terms of business, a Digital Twin is described as a digital entity that simulates the structure of an organization. Digital Twin’s technology has moved beyond its initial phase and is now used to merge worlds of IoT, AI, and data analytics. As the business models are gaining complexity, Digital Twins also assist in advance planning and ROI citations.

Most businesses are implementing Digital Twins because of an array of benefits offered by them:

  • Product Insight: A Digital Twin is a comprehensive collaboration of AI, machine learning, and data analytics. This allows the manufacturers to gain an insight into real-world usage of their products and predict any issues before they actually arise. This gives them an opportunity to take preventive measures to overcome such risks in advance; thus reducing business downtime and overhead expenditures.
  • Supply Chains: Combining product and packaging data with Digital Twins technology can help in improving efficiency by automating packaging selection. It will also help supply chain managers in optimizing packaging strategies for product protection. Further, the supply chain is impacted by micro-variables such as temperature, humidity, etc. The data on micro-variables can be collected from sensors placed across different geographic locations of the supply chain. This data can be fed into the Digital Twin model of the supply chain network to predict and control their impact.
  • Customer Service: A Digital Twin of a business organization can be used to analyze customer behavior based on customer feedbacks. This facilitates the development of new products and improvement of existing products in a customer and data-driven way resulting in improved customer satisfaction.
  • Resource Allocation: Understanding the priorities of parallel business processes and allocating the resources accordingly is necessary for effective management of business operations. Digital Twin models of business networks equip the management with the data required to allocate the resources efficiently. For Example: A Digital Twin model of a healthcare organization (such as a hospital) can be set up completely with all its elements including equipment, doctors, administrators, etc. This model can be used to get real-time updates on patients’ health with the help of sensors for quick analysis and decision making. This reduces the patient wait – time and can prove life-saving in time-sensitive scenarios.<

For more information on Digital Twins and benefits of implementing them in business, contact Centex Technologies at (254) 213 – 4740.

, , ,

Data Encryption Transformations Entrepreneurs Should Know About

PDF Version: Data-Encryption-Transformations-Entrepreneurs-Should-Know-About

, , , , ,

Data Principles For A Successful Digital Business

The outbreak of COVID-19 pandemic has made it important to minimize human interaction in business operations. As most people are staying at home and practicing minimum mobility, it is time to scale up your software-based systems to meet the business needs and consumer demands. However, when businesses consider replacing their operations with digital technologies, they need to ensure thoughtful technology decisions, practices, and investments.

One of the core pillars that guide the decision making for a digital business is data. In order to formulate a successful digital business strategy, it is imperative to layout some data principles. The three basic data principles for a successful digital business are:

  • Data Is An Asset: The first data principle for a successful digital business is to understand how digital business is different from conventional business. Although the underlying concept of a digital business is same as that of a physical business, the difference lies in the role of data as an asset. The success of a digital business is based on collecting data and applying it to accelerate workflows, increase flexibility, target value propositions, and achieve business goals. The data plays the role of most important assets for a digital business as it provides the necessary information required for formulating successful future strategies.
  • Increase The Value Of Data Assets: The main difference between data and other assets is that data can be applied to multiple domains continuously. However, it is important to choose a suitable way to use data in a constructive manner for the effective use of resources. The second data principle for a successful digital business is to take steps to increase the value of data assets. While deciding a suitable way of using data, the main focus should be on increasing business’s efficiency while improving data sharing.
  • Data Security: With an increasing number of data breaches, it is necessary to implement the third data principle of data security. Business data may include personal information of users, business strategies, trade secrets, etc. A data breach can lead to loss of credibility among users. It can also cause financial loss to the organization by damaging the brand image or resulting in loss of business. Thus, in order to ensure the success of a digital business, it is important to keep the business data secure.

For more information on data principles and strategies to implement digitization of businesses, contact Centex Technologies at (254) 213 – 4740.

, , , ,

5 Reasons For Increased Cyber Security Threats During COVID-19

While the world is busy fighting against COVID-19, there is a section of cyber criminals who are exploiting the situation for lucrative benefits. They are taking advantage of the efforts made by organizations to sustain their operations during this pandemic. The cyber security attacks include phishing attacks, data breach, ransom, etc.

In order to defend your organization against cyber security threats during COVID-19, it is first important to understand the reasons that have resulted in an increase in cyber-attacks. Following are the 5 top reasons:

  • The foremost reason is that the employees are working from their home networks and their personal devices. These networks and devices are usually not updated with latest antivirus or operating system versions. The lack of a properly patched and protected system results in vulnerabilities leading to easy access for hackers.
  • The second reason that has led to an increase in the number of the cyber-attacks is the flow of organizational data. When employees work from their homes, sensitive organizational data travels outside the secure network of the organization. Additionally, while working with this data, employees tend to save it on their personal devices. This allows for easy data theft.
  • The third reason is that employees need to access the organization’s network to complete their work. This remote access may be insecure. Some organizations have already established a VPN for remote access. But again all the employees are not trained to install or use a VPN. Such untrained personnel pose a cyber-security threat when they access the organization’s network. On the contrary, there are some organizations that do not have a VPN setup for remote access. This may cause a cyber-threat of greater magnitude.
  • Fourth reason that has caused a rise in the number of cyber-attacks is an organization’s requirement to keep the employees involved and informed. The regular team meetings that were conducted to discuss the team operations have been replaced by online meetings. Organizations are making use of conference video calls or unique apps like ‘Zoom’ to conduct these meetings. The shift has been hasty and not all the involved employees are aware of how to use these apps securely. Insecure logins, poorly managed user credentials and login via an insecure network are some factors that have led to cyber-attacks such as video call hacking.
  • Fifth reason accounts for unauthorized access to an organization’s funds. The underlying reason is the need of the time to do things differently. A simple example of such an attack is that an employee receives an email from a fake account created on behalf of senior personnel in the organization. The email may instruct the employee to transfer funds to an account in lieu of some organizational purchase. Since employees may not be able to validate such emails, they may end up transferring funds to the hacker’s accounts.

In order to prevent such attacks, the organizations need to educate the employees to update their systems, download antivirus updates, secure their login details, use secure VPN to access the organization’s network and be aware of fake emails.

For more information on cyber security threats during COVID-19, contact Centex Technologies at (254) 213 – 4740.

, , , ,

Latest Identity & Access Management Trends

PDF Version: Latest-Identity-and-Access-Management-Trends

, , , ,