Unlocking new opportunities for strategic advisory and innovation with digital twin technology in corporate finance

Abstract

Digital Twin Technology (DTT) has emerged as a transformative force in various industries, enabling real-time simulation and decision-making. In corporate finance, its potential is largely untapped, yet it holds promise for revolutionizing strategic advisory and innovation. This review paper explores the applications, benefits, challenges, and future directions of DTT in the corporate finance sector. The study aims to establish a comprehensive understanding of how DTT can unlock new opportunities for strategic decision-making, risk management, and financial innovation. The study also highlights the technological synergies and collaborative frameworks that can support the adoption of DTT in diverse financial contexts.