Creation of 'Digital Twin'

First a model ('Digital Twin') has to be created. In this model are all significant variables included. These variables explain as much of the variation in the targeted value as possible. This will be the reference model. The targeted value can be anything with enough data available: electricity, water, gas, use of other resources,...

Application of the model

After creating the 'Digital Twin', it can be used to forecast the targeted value. If we expect an increase of activity, we can include this in the forecast. This makes it possible to use a distribution for each variable as an input. This leads to a minimum, average and maximum value at each time step, which can be used for risk assessments. The closer we make a forecast, the more accurate we can predict the targeted value.