Smart Innovators: Digital Twins For Industrial Facilities

In this report we provide an overview of digital twin solutions for industrial facilities and applications. We outline the dynamic operational framework of a digital twin and break down the functionalities underpinning each of the five distinct sophistication levels of digital twins. Speaking with 22 suppliers, we find that the digital twin supplier landscape is convoluted, and only a handful of suppliers are able to offer all the functionality required to create, sustain and operationalize a digital twin. Following a customer-centric approach, we detail the use cases and value propositions digital twins offer across a project’s life cycle. We highlight the functionality – in terms of depth of simulations, analytics and data management – required to embark on a digital twin project, considering business objectives as well as the maturity of the organization in terms of asset management.