LETTER FROM THE THOUGHT LEADERSHIP CO-CHAIRS
Dear Reader :
Digital twin technology enables you to see what happens as a result of your decisions before you invest in them - without the risk .
Digital twin spans hundreds of potentially blockbuster applications that bridge the gap between the physical world and the virtual world in industries such as aerospace , manufacturing , and energy . It is already fulfilling its potential to improve process efficiency and optimize operational sustainability while ensuring a better digital experience for customers .
Given these remarkable outcomes , it ’ s no wonder that the digital twin market is expected to climb at a 38 % CAGR to reach $ 26B by 2025 1 .
A digital twin is defined 2 as a virtual representation of real-world entities and processes , synchronized at a specified frequency and fidelity :
• Digital twin systems transform business by accelerating holistic understanding , optimal decision-making , and effective action .
• Digital twins use real-time and historical data to represent the past and present and simulate predicted futures .
• Digital twins are motivated by outcomes , tailored to use cases , powered by integration , built on data , guided by domain knowledge , and implemented in IT / OT systems .
The
Industrial Internet Consortium ( IIC ) has taken a market leadership position by identifying the defining characteristics of a digital twin , relations among digital twins to form composite systems , and the role of digital twin in the lifecycle of entities .
3 Additionally , the IIC has set the pace in enabling the cross-industry collaboration necessary to drive the success of digital twins .
Toward that end , we have compiled the following informative , enlightening , and thoughtprovoking articles that look at digital twin from a variety of technical perspectives . We hope you will find this compendium beneficial to your own digital twin initiatives :
• Web-Based Digital Twin , by several authors from the Technical University of Darmstadt , presents current solutions for implementing digital twins over web technologies , which many see as a prerequisite for establishing digital twins on a broad scale .
1 https :// www . grandviewresearch . com / press-release / global-digital-twin-market
2 https :// www . digitaltwinconsortium . org / hot-topics / the-definition-of-a-digital-twin . htm
3 https :// www . iiconsortium . org / stay-informed / digital-twins-for-industrial-applications . htm
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