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:

From Yokogawa

  • 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.