Juniper Research: Digital Twin Revenues to Reach $13 Billion by 2023, Fuelled By AI & Machine Learning Innovation
Summary
BASINGSTOKE, England--( BUSINESS WIRE )--A new study from Juniper Research has found that revenues from Digital Twins ( a virtual representation of a connected physical product, process or service across its whole lifecycle ) will reach $13 billion by 2023. Juniper ranked leading players in the market and identified those companies that have bolstered their Digital Twin offerings by combining in-house Industrial IoT expertise, strong market reach and close collaborations with technology companies. Digital Twins to enable staff to deliver human aspects of operations effectively The new research found that advanced Digital Twin operations will help human workers to focus on maximising productivity in areas that the technology cannot address, such as customer service. Research author, Elson Sutanto explains: “In future, we will see numerous trials combining IoT, Digital Twins and AI to justify time and investment in deploying the technology within and between enterprises.