The benefits of digital twins in simulation technology include enhanced product design, improved performance monitoring, and predictive maintenance. A digital twin is a virtual replica of physical entities, allowing businesses to analyze and optimize processes in real-time. By simulating various scenarios, companies can forecast outcomes and make data-driven decisions, ultimately leading to reduced costs and improved efficiency. Furthermore, digital twins enable better collaboration among teams by providing a unified view of projects and systems, facilitating innovation and continuous improvement within organizations.