Strategic Focus: The Evolving Landscape Of Digital Twin Implementation Partners

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Executive Summary

This report provides managers interested in exploiting the potential of digital twins for industrial facilities with a guide to which tech vendors currently provide market offerings. Three categories of digital twin implementers offer five categories of services to overcome a host of technical challenges faced by their customers. Digital twin projects that customers look to implement require varying specialists and services depending on the project’s complexity and level of sophistication. Customers need to assess their initiative and determine which service providers to partner with. This report offers an assessment of the five capabilities offered for digital twin implementation, along with an analysis of the types of partnerships that firms will need to consider to make their initiatives a success.

Table of contents

Digital Twin Vendors Innovate Their Offerings In The Rapidly Evolving Implementation Market
A Host Of Technical Challenges Surround Digital Twin Implementation
Three Categories Of Implementation Partners Emerge For Industrial Facility Digital Twins
Five Service Offerings For Digital Twin Implementation

Buyers Of Digital Twins For Industrial Facilities Need To Focus On Implementation Partnerships
Sophistication Of Digital Twins Will Determine The Level Of Partnerships Required
Digital Twin Providers Evolve Their Offerings To Match Customer Needs

Table of figures

Figure 1. Digital Twins For Industrial Facilities—Levels Of Sophistication
Figure 2. Five Services For Digital Twin Implementation
Figure 3. Digital Twin Implementation Providers

About the authors

Sebastian Winter

Industry Analyst

Sebastian is a Technology Analyst in the Verdantix Operational Excellence practice. His research agenda focuses on covering industrial risk technologies, best practices and growth strategies. Prior to joining Verdantix, Sebastian worked for Trucost, a division of S&P Dow Jones Indices, and held positions in China, Brunei and Kenya. Sebastian holds an MSc in Environmental Technology from Imperial College London.

Malavika Tohani

Research Director

Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on the digitization of Operational Excellence and covers operational risk technologies, best practices and growth strategies. Her recent research focussed on benchmarking the capabilities of the prominent operational risk software vendors. She has over 10 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

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