Digital twins (DT) are virtual portrayals that act as the real-time digital equivalent of any physical asset or system. Per Emergen Research, the DT market is expected to reach $106 Billion by 2028 with a CAGR of 55%.
Digital twins bring unlimited possibilities through merging the worlds of artificial intelligence, Internet of Things (IoT) and data analytics as part of Industry 4.0. They drive significant business value and are being adopted across the industry spectrum. Top 10 providers include Microsoft, Bosch, GE, IBM. Siemens, Oracle, Cisco, Dassault Systems, Ansys and PTC.
MOSIMTEC’s data scientists/industrial engineers help our clients leverage process digital twins every day. These focus on supporting decision making and planning and scheduling of complex systems. It’s all we do so we know what to do and how to do it. Experience matters.
There’s a lot of change in the world today. From climate change to supply chains; just-in-time to real-time; automation to innovation; workforce to world events…businesses are struggling to quantify the impact of these changes and assess their risk exposure. MOSIMTEC helps companies explore every option by guiding them along the simulation modeling/digital twin continuum so businesses aren’t just ready for change, they embrace it and win with it. MOSIMTEC can help you futureproof your business.
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Read more here: https://www.emergenresearch.com/blog/top-10-digital-twin-companies-impacting-industry-4-0-innovations-in-2021