The digital twin market is one of the fastest growing in tech, and according to marketsandmarkets.com, it’s projected to grow from US$3.8 billion in 2019 to a whopping US$35.9 billion by 2025. With Internet of Things (IoT) technology improving every day and more and more compute power readily available to organizations of all sizes, the possibilities of what you can do with digital twin technology are only as limited as your imagination.
That being said, digital twin implementation requires an extraordinary investment of time, capital, and engineering might, and as with any project of this scale, there are several common pitfalls to implementation success.