A digital twin technology is a combination of data, visualization, and connected sensors offering a virtual representation of an object, a process, or a system. It is one of the fastest-growing concepts of Industry 4.0 which enables more effective research and design of products using information from real-time data, simulations, machine learning, and rule-based methods. The outcomes allow to get insights into the product’s lifecycle and performance that help companies make needed product refinements before starting or make important decisions.