How Digital Twins and Digital Threads Work Together
More than 70% of survey respondents rate digital twins as an important strategic initiative. By 2023, 65% of global manufacturers will have realized savings of 10% in operational expenses. This comes from digital twins driven by IoT and machine learning.
via IDC
Digital Twin Apps in Industrial Markets Gain Momentum
IT innovations, such as Big Data analysis, machine learning, artificial intelligence (AI), software analytics and cloud solutions — as well as the growing demand for sensors to capture and process data — have been significant drivers for the adoption of Digital Twin use cases.
Digital Factory Revenue will Surpass $1 Trillion by 2030
Manufacturing is in the midst of a major digital revolution and is investing in Industrial Internet of Things (IIoT) technologies like Artificial Intelligence (AI), Augmented Reality (AR), robotics (AGVS, AMRs) and cloud-based simulation and modeling.
Digital Twin Apps Revenue to Reach $9.4 Billion
Digital twins can simulate the capabilities of complex machines, and identify root causes of problems. The global market revenue for digital twins is forecast to reach $9.4 billion in 2025 — that’s up from $2.4 billion in 2018.
via Tractica
Digital Twin App Revenue will Reach $13B by 2023
Digital business enablers, such as big data, machine learning, artificial intelligence, software analytics and cloud solutions, as well as the growing demand for sensors to capture and process data, have been significant drivers for the adoption of Digital Twin applications.
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Transmedia Newswire 
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