Industrial Digital Twin Growth
Digital twins are taking a leading position in the technologies being adopted by industrial companies. Afterall, having a virtual representation of an expensive, complex physical asset can have so many benefits:
Use data to optimize predictive maintenance schedules
Recognize anomalies before they become problems
See “inside” equipment and systems while they’re running
Optimize performance with data and AI
Build cost-effective digital prototypes
And so much more
Digital twins are a technology that can have tangible benefits right away. That’s probably why the digital twin market is anticipated to cross $50 billion by 2027 and will likely be a major driver for the digital revolution worldwide.
A digital twin can be created for everything from a single component all the way up to a machine, system, building, or even an entire city.
The applications for digital twins are just starting to be unearthed—sometimes within machines doing actual digging. But it’s already obvious that digital twins are helping forward-thinking companies with tactical digital transformation.
TBD whether the real-life asset or the digital one will be the evil twin.