The present disclosure is related to a method and a system for preventing failures of a product of real production environment in virtual testing environment. A virtual process corresponding to each physical process related to the product is created and replicated in real-time in the virtual testing environment based on input data related to each physical process. Further one or more errors that occurred during implementation of each virtual process and corresponding error pattern are detected and the error pattern corresponding to each of the one or more errors is analyzed with corresponding historical pattern to predict the failures of the product. Finally a solution for resolving the one or more errors is determined to prevent occurrence of the predicted failures in each physical process. The present disclosure provides accurate failure predictions and accurate remedies for preventing the predicted failures based on real-time data.