What is a Digital Twin? A Complete Guide
What is a digital twin? If you’ve ever worked around the manufacturing or engineering landscape, you may have heard this term referenced in discussions about AI, XR, and Industry 4.0. Digital twins are rapidly emerging as one of the most valuable tools linked to the Fourth Industrial Revolution.
While these concepts started life as relatively simple virtual replicas of processes, tools, and technologies in the industrial world, they’ve grown increasingly more advanced in recent years. As innovations continue to take place in the Metaverse, XR landscape, and artificial intelligence space, digital twins have become a core part of the manufacturing technology stack.
Currently, the global market for digital twin technology is expected to reach a value of $73.5 billion by 2027, at an incredible CAGR of 60.6%. So, what are digital twins, and why are they gaining so much attention today?