Physical Meets Digital - How Digital Twins Help Future-proof Sectors

Physical Meets Digital - How Digital Twins Help Future-proof Sectors Summary Digital twins are increasingly gaining traction across a broad spectrum of business applications given they can seamlessly connect data across physical and digital realms. They are virtual representations intended to accurately represent physical items such as assets, systems, and processes. They employ technologies such as artificial intelligence (AI), real-time analytics, visualization, and simulation tools to identify, prevent, forecast, and optimize the physical environment. The report examines how various companies are developing and adopting digital twins across major sectors to increase efficiency, mitigate risk, and enhance customer experience, among others. Innovations: presents real-world innovation use cases and examples related to the implementation of digital twins by companies as well as startups across multiple sectors. It casts light on how tech-enabled innovations are transforming every segment of cross sector use case applications. Scope - Innovation Insights: innovation examples by each use cases segment of various sectors to present key trends. - Vendor Map: represents a sample list of vendors in each use case highlighted in the report. Reasons to Buy - No surprise that technology has been a driving force in business transformation for years, but the term ‘emerging technologies’ has all of the sudden become the key catalyst to drive the next wave of innovation across sectors. - The sense of urgency weighs different across different sectors, where the direct customer-facing sectors are at the forefront compared to other capital-intensive sectors. Companies in one sector can take cues from successful innovations in other sectors to either draw analogies with existing products, services, and processes or transfer strategic approaches for a revolutionary transformation. - Against this backdrop, enterprises need to understand which emerging technologies are impacting their sector and how various companies are implementing them to meet various challenges. - The innovation landscape report on digital twins published by GlobalData covers some of the key trends, use cases, and real-world examples related to the implementation of emerging technologies across several cross-sector applications.