Digital twins are virtual replicas of physical assets or processes used in industrial applications for monitoring, analysis, and optimization. By creating a digital twin, companies can simulate real-world conditions to predict performance, identify potential issues, and test changes without affecting actual operations. This technology enables better decision-making by providing insights into the lifecycle of products or processes. Industries such as manufacturing, aerospace, and energy leverage digital twins to enhance efficiency, reduce downtime, and innovate more effectively in their operations.