Digital Twins - Smart Cities DNA
by Dinis Guarda
for openbusinesscouncil.org/summit
citiesabc.com
Digital Twins are one of the most important technologies of our time! They are also the DNA for Smart Cities
The birth of ‘digital twins’ will transform our world
John Thornhill, FT
A digital twin is a method where complex systems and processes are developed or monitored using a digital equivalent of the physical system.
Digital twins are the virtual replicas of physical devices, buildings, structures that data scientists and IT pros can use to run simulations before actual things are built and deployed.
The digital twin concept consists of 3 parts:
the physical product, the digital/virtual product, and connections between the two products.
Digital Twins incorporates Big Data, AI, Machine Learning (ML) & IOTs.
They are key in 4IR and are predominantly used in smart cities, Industrial IoT, engineering, & manufacturing business space.
Digital twins provide detailed information about large collections of key data assets in an industrial city project landscape.
Digital twins expand a culture of data-analytics based decision-making, thus supporting all ways to continuously improve performance
Our planet must accommodate around 10,000 new cities by 2050, to keep pace with the projected population explosion.
Digital twin Tech will allow more informed decisions, increased operational efficiency, and mitigated risks for smart city.
Digital twins tech will play a key role in the creation of smart cities around the world.
Digital Twins will help solve with data major public health, safety, mobility, property & environmental issues.
Digital twins tech will allow cities to react in real time to such freak weather events, but also to test an infinite number of potential future emergencies.
Digital twins are immensely valuable for planners, city authorities, extending access to all smart cities stakeholders that can increase engagement in smart city projects.
The Smart Cities Market will be worth $820.7 billion by 2025
source marketsandmarkets.com/
The global digital twin market size was valued at USD 3.1 billion in 2020 and is projected to reach USD 48.2 billion by 2026
source marketsandmarkets.com/
Digital Twin Market BasisTech:
IoT & IIoT
Blockchain
AI & Machine Learning
AR, VR, & Mixed Reality
Big Data Analytics
5G
Digital Twin Market Based on Type:
Product Digital Twin
Process Digital Twin
System Digital Twin
Digital Twin Industry sectors include:
Aerospace & Defense, Automotive & Transportation, Home & Commercial
Healthcare, Energy & Utilities, Oil & Gas, Agriculture, Telecommunication
Retail, Others
Major companies in the Digital twin market: General Electric (US), IBM (US), PTC (US), Microsoft Corporation (US), Siemens AG (Germany), ANSYS (US), SAP (Germany), Oracle (US), Robert Bosch (Germany), SWIM.AI (US), ZenithCities (US)
Digital Twins Are Reinventing Innovation
From faster & cheaper drug trials to fully “conscious” smart cities, digital replicas are changing the face & pace of innovation for society.
A short educational film written,
produced, directed by
Dinis Guarda
for openbusinesscouncil.org/summit
citiesabc.com
with intelligenthq.com fashionabc.org
hedgethink.com tradersdna.com
part of ztudium.com techabc.org
