Digital Twins in Asset Intensive Enterprises
/Asset-intensive companies—think oil and gas producers, commercial property owners, heavy equipment operators, manufacturers, utility companies—are doubling down on digital twins.
Rolls Royce uses digital twins to help with predictive maintenance. So does the U.S. Navy.
Digital twins are being used to respond to climate change, monitor and manage oil and gas assets, improve city-wide traffic congestion, and so much more.
As industrial internet of things (IIoT) capabilities continue to increase, so too will digital twins. Up to 93% of all IoT platforms will contain some form of digital twinning capability by 2027.
The digital twin market is expected to cross $50 billion by 2027, which is no surprise with all the benefits enterprises are seeing. Digital twins are about to be everywhere.
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