FEATURE
BRIDGING THE GAP BETWEEN PHYSICAL AND DIGITAL HOW TO UNLOCK THE PROMISE OF DIGITAL TWINS
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digital twin is a virtual replica of a physical system or process. Using sensors, digital twins gather realtime data from physical assets that can be used to run simulations, study performance issues, and improve products or processes. The rapid adoption of digital twins technology is reflected in the market numbers. The research firm, MarketsandMarkets, says the global digital twin market was $3.1 billion in 2020 and is expected to reach $63.5 billion by 2027. According to the Global Market Trajectory and Analytics Report 2022 by Business Wire, the global digital twins market will reach 30
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APRIL 2022
$35.5 Billion by 2026 - growing by 36.9% over this period. There are different definitions of digital twins, and the concept is not new. To put it simply, it’s a digital representation of a physical product and all its environment representing the entire life cycle of products, including the bidirectional links between the physical asset and its correspondence digital twin. Furthermore, it allows for simulation with actual real-time data instead of prototype. “Digital twin is not limited to one industry or vertical it spans across all industries; the trend initially is embraced where the value is in assets and more
complex systems. It’s designed to improve speed to market, reduce cost, improve performance, predict problems, and open new design capabilities by leveraging data coming from the field,” says Nidal Azba, Head of Solution for Middle East Africa and Turkey at Kyndryl. The digital twin concept is driving innovation and transforming the industries across verticals in terms of market trends. As a result, we are seeing increasing interest in digital twins solutions and that the market is investing, he adds. Stephen Gill, Academic Head of the School of Mathematical and Computer Sciences, Heriot-Watt University
