The digital twin era This year is poised to see the digital twin technology tip into wide adoption across organizations and industries. With utility as a decision-making platform and powering a range of highly customized use cases by industry, digital twins will be a foundational technology of th...
The emergence of Industry 4.0 and IoT has also accelerated the adoption of Digital Twin technology across various applications [92]. Industry 4.0 uses innovative production methodologies and advanced technologies, such as cloud computing, IoT, analytics, Digital Twin, digital scanning, 3D printing, and...
and the virtual model would be updated based on this data flow. The data can be sensed by a different types of IoT (Internet of Things) sensors and refreshed with a defined refresh rate. The public transport operators could use such digital shadows to monitor the status of their operations....
providing scientific expertise, essential data, and robust cyber technology infrastructure. Hence, the high growth of artificial intelligence in the healthcare sector is expected to increase the adoption of digital twin technologies in healthcare, ultimately driving the market studied over the forecast ...
Uneven digital twin adoption The use of digital twins is expanding at different rates in different industrial sectors. One common pattern suggests that sectors where the Internet of Industrial Things (IIoT) took early root are fertile ground for digital twins. The automotive industry, for example,...
The adoption of digital twin technology has accelerated sharply during the pandemic. The ability to enhance virtual models with real-time data enables firms to anticipate issues and fine-tune designs. The digital-twin solution market is on an annual growth trajectory of 42.7%. These five examples...
73%of manufacturers are seeing higher energy efficiency and less wastage from digital twin use. Source: Altair Engineering, MSG Group “Real benefits exist for companies that implement a digital twin … virtual costs diverge with physical costs increasing at the rate of inflation and virtual cost ...
Remanufacturing is widely recognised as a key contributor to the circular economy (CE) as it extends the in-use life of products, but its synergy with Industry 4.0 (I4.0) has received little attention when compared to manufacturing. An agglomeration of I
To identify key enablers and success factors for successful Digital Twin adoption in supply chains. The research questions are as follows: RQ1. What are the current applications of Digital Twins in Supply Chain Management that facilitate the delivery of value-added products to the market? RQ2. ...
3rd Oct 2023, ConocoPhillips, a Houston-based hydrocarbon exploration and production company, is embracing digital twin technology to enhance safety and efficiency in its operations. With its Global Digital Twin Program, ConocoPhillips is working towards portfolio-wide adoption, achieving up to four ti...