Abstract
Nowadays, the Industry 4.0 paradigm creates a very dynamic environment for businesses with its various technological tools such as Digital Twins, Cyber-Physical Systems, Cloud Computing, Internet of Things, Big Data Analytics, etc. The focus in this paper is on the impact of the Digital Twins in businesses considering its definitions and its practical usage from a business perspective. For showing Digital Twins prominence from a practical standpoint, the paper has applied two prominent simulation software such as SAP and Anylogic for real-time data interaction. SAP is utilized real-time data integration issues of digital twin from physical aspect and virtual aspect of digital twin can be accomplished with the aid of AnyLogic through multiple simulation models.
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