TECH BUYER Feb 2020 - IDC Perspective - Doc # US45848420

IDC Perspective: Opportunities for Digital Twins in Manufacturing Business Ecosystems

By: Jan BurianResearch Director, IDC Manufacturing Insights, Jeffrey HojloProgram Director, Product Innovation Strategies

Abstract

This IDC Perspective presents the opportunities digital twins offer manufacturing ecosystem players in the rapid creation and quick launch of new services and products. A digital twin of a process, product, and even whole ecosystem network has much to offer all ecosystem stakeholders through real-time online data for product development and testing and for the improvement of the customer experience. In this document, we focus primarily on the digital twin ecosystem and orchestration maturity level, as these offer the most complex and valuable overviews of the ecosystem and provide transparency and agility to ecosystem stakeholders.

"Manufactures have to change the way they do business, as their end customers are already being spoiled by online technologies that provide information in real time and offer flexible business models and bespoke services. To defend and expand their market positions, manufacturers, service providers, and IT vendors are building business ecosystems. But to succeed in this market, the right technology is a must. And digital twins are exactly the technology to enable the creation, capture, sharing, and visualization of processes and product data in real time to all ecosystem stakeholders, thus accelerating the product development process, reducing time to market, and improving the customer experience." — Research Director Jan Burian, IDC Worldwide


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