This post was written by Dylan Kohlstadt
A report from Accenture expects the world’s digital twin market to grow to $184.5 billion by 2030. There’s a good reason for this.
As the work environment changes and remote working becomes the norm, business leaders, employees, and even human resource (HR) managers recognise the need for faster, automated, and more efficient processes that benefit the entire organisation and workforce. You only need to look at your competitors or google “HR software” to see the demand for digitised solutions. But have you considered digital twins as a solution? You should. Your boss and team will thank you.
Digital twins are virtual counterparts of physical processes, objects, or services. Sensors on the physical item collect data about its performance, which is sent to the digital twin on an ongoing basis. The digital twin uses this data to make intelligent predictions.
There are examples of digital twins across multiple industries. One example comes from the healthcare industry: the Neurotwin project. This ambitious venture aims to utilise digital twins to predict optimal treatments for devastating conditions such as Alzheimer’s.
Another example of a digital twin is a Tesla car; sensors on each car collect data, which is uploaded to the cloud, and consequently helps AI algorithms to predict potential faults, thus reducing the need for customers to take their cars for maintenance.
Have you ever implemented a new process without testing it first and then watched, disheartened, as employees complained, maybe even resigned? Or have you ever created more work for yourself simply because you didn’t identify potential pitfalls first?
Digital twins can help HR by predicting those problems before they happen and before your team experiences them. Here is one example: imagine you’ve built a capable workforce. Unfortunately, there’s always the chance they could leave your company. How likely is that to happen? Digital twins can calculate the probability. You load the information from company-wide surveys, performance appraisals and even employee history into your digital twin; the digital twin can then determine the likelihood of your team jumping ship. Once you know the odds, you can take action to avoid the problem.
The opportunities for HR managers to utilise digital twins are endless. The more you develop this virtual infrastructure, the more prediction capabilities will grow. As your organisation’s HR leader, you’ll be able to embrace new efficient processes and predict (and remediate) problems before they damage the business.
Read Yooma HR’s recent blog for more on the innovative technologies shaping human resources today.