The Four Types of Digital Twins
Subscribe To Read This InsightBy Ryan Martin | 2Q 2021 | IN-6163
Up the Adoption Curve |
NEWS |
Digital twins are no longer a niche concept but rather becoming mainstream with the help of Industrial Internet of Things dashboards and near real-time reporting. Driving factors include the pandemic response alongside new requirements like increased factory and shop floor automation, greater data transparency, and better worker augmentation. By 2026, more than US$17.8 billion (38% compound annual growth rate) will be spent on digital twins, supporting more than 10 million frontline workers, up from 1.3 million today.
The Four Classes of Digital Twins |
IMPACT |
There are multiple types of digital twins, ranging from those that encompass basic metadata about a respective entity/asset with a means to monitor it in real-time, to advanced high fidelity analytic models that enable prediction...
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