The Digital Twin’s Role in the Product Lifecycle

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The Digital Twin’s Role in the Product Lifecycle

A Complimentary CIMdata Educational Webinar with Stan Przybylinski, Vice President, CIMdata

30 November 2023
11:00 EST | 08:00 PST | 17:00 CET

Do any of the following statements sound familiar?

I am being asked to implement a digital twin strategy, which is a new concept. I need to get up to speed.
I have multiple software providers pitching their digital twin solutions. What is important to consider?
I work for a software company that offers one type of digital twin. What else should we consider adding to our offerings?

The digital twin is not a new concept. NASA dabbled with “paring technology” in the early days of space exploration. What is new is the ability to support digital twins from idea through life cost-effectively.

Today, the phrase “digital twin” is ubiquitous in the PLM market, with virtually all of the top 25 global market leaders in our PLM market research offering solutions. But if you dig a bit deeper, you will find that most providers mean something different when they use the same phrase. In 2021, a major global market research firm released a study on the market potential for digital twins: growing to $110 billion in 2028! Their market definition included all the hot buzzwords: AI and machine learning, the Internet of Things (IoT), blockchain, augmented reality, big data analytics, and 5G. Yes, some of these capabilities are extending digital twin possibilities. However, their market definition included nothing that could help define or manage the IP used in digital twins or to simulate them. How should we think about digital twins? What enables them? What use cases are important? What kind of benefits can we expect?

What will I learn?

You will gain a better understanding of the origins of the digital twin concept.
You will learn more about the types of digital twins of interest in industry.
You will find out how you can shape CIMdata's research into this topic.

Who should attend?

Industrial practitioners, PLM team leaders and members, and PLM software and service providers offering digital twin capabilities (or planning to).

During the webinar you’ll also have the opportunity to ask questions about the topics discussed.

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