TECH SUPPLIER Feb 2021 - Market Presentation - Doc # US47453021

Digital Twins and Digital Thread for Engineering and Operations

By: Jeffrey HojloResearch Vice President, Future of Industry Ecosystems & Product Innovation Strategies, Jonathan LangResearch Manager, Worldwide IT/OT Convergence Strategies

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Abstract

This IDC Market Presentation highlights how digital twins of products and assets are used extensively during the design and engineering phase and during the operations phase of assets in industries such as oil and gas and energy. Essentially, domain-specific data models are in place to support these areas, but the digital thread connecting these models with others across the organization often is not. Unfortunately, organizations without this closed loop digital thread across the organization are not realizing the full potential of digital twins.

Our research shows that two-third of manufacturers see digital twins as an important or very important part of their modern approach to digital engineering and operations. This IDC Market Presentation strives to serve as a guide for this strategy, defining digital twin and digital thread, providing supporting cases studies and best practices, and exploring the benefits of a digital twin strategy, supported by a dynamic digital thread of information and knowledge from across the organization.


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