Spend on digital twins to reach $12.7bn by 2021, as solutions offer IoT investment RoI

A new study from Juniper Research has found that total global spend on Digital Twins will reach $12.7 billion (€11.3 billion) by 2021; an increase of 17% from $10.8 billion (€9.6 billion) in 2019. Digital Twins are a digital representation of physical assets that utilise IoT data; enabling use cases such as predictive maintenance when

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Digital Twins: why virtual replicas of assets create real business value

The idea is not new. The concept behind Digital Twins goes back to computer-aided design representations of things, and models to evaluate “what if” scenarios. But Artificial Intelligence, advanced data analytics and IoT add a new dimension to these models.

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Digital twins can be the intelligent edge for IoT in the manufacturing sector – part 1

If your work relates to the Internet of Things (IoT), you are likely to have witnessed a surge of activity around the idea of ‘digital twins’ recently, says Sukamal Banerjee of HCL Technologies.

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Digital twins present the fast track to increased productivity

Digital twins are not a new thing. Companies have been using a virtual representation of a physical asset for years, but it’s only with the Internet of Things (IoT) that they’ve become truly accessible and cost-effective, writes Maurizio Canton

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IIoT has promise but it’s not a slam dunk

Much has been written about Industrial IoT and its tremendous potential to help businesses improve operational efficiencies, drive down costs and enable new revenue streams. However, while opportunities to apply IoT within industrial settings abound,

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Digital twins: The fast track to increased productivity

Digital twins are not a new thing. Companies have been using a virtual representation of a physical asset for years, but it’s only with the Internet of Things that they’ve become truly accessible and cost-effective.

Read more