Digital Twin Adoption Set To Take Off Across Multiple Industries
Dennis Callaghan
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Executive Summary
This report provides an industry-level breakdown of the significance of digital twin simulations of plants and facilities for 284 managers responsible for operational excellence. Digital twins ranked as the most significant of nine digital innovations for operational excellence initiatives in 2020 and 2021, with 94% of survey respondents listing the technology as “very significant” or “significant.” Mining and infrastructure firms are most enthusiastic about digital twin adoption for the next two years, though oil and gas, transport, maritime and power utilities will also embrace the technology. To capitalize on this opportunity, digital twin software vendors will need to educate the market on the power and capabilities of digital twins for asset monitoring while partnering with service providers and network infrastructure providers to make digital twins a reality for customers.Opportunities And Pitfalls Await Digital Twin Software Vendors
About the Authors
Dennis Callaghan
Principal Analyst
Dennis is a Principal Analyst at Verdantix, contributing to both the Operational Excellence and Smart Buildings practices. His current research agenda focuses on covering...
David Metcalfe
CEO and Co-Founder
David is the CEO and co-founder of Verdantix, where he leads the firm’s strategic direction and client engagement. Since co-founding the firm in 2008, David has built a ...
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