digital twin Archives - Internet of Things News

Digital twins on the manufacturing menu – with help from the hyperscalers

Only one in 10 global manufacturing organisations are not considering the implementation of digital twins, according to new data from IoT Analytics – down from a third in 2020.

The Germany-based analyst, in its Digital Twin Market Report 2023-2027, has forecast that the global digital twin market could grow at a CAGR (compound annual growth rate) of approximately 30% in the next four years.

While the company stresses that these figures are not absolute – the use of...

16 November 2023 | Digital Twin

NVIDIA unveils Omniverse innovations to accelerate OpenUSD adoption

NVIDIA has unveiled a suite of innovations to accelerate the widespread adoption of OpenUSD through its Omniverse industrial metaverse platform.

OpenUSD, created by Pixar Animation Studios, is a cutting-edge 3D scene description technology designed to facilitate interoperability across various tools, data, and workflows.

Earlier this month, NVIDIA joined industry titans in creating the Alliance for OpenUSD (AOUSD) to standardise OpenUSD specifications and create a solid...

9 August 2023 | Digital Twin

UKAEA will develop a fusion energy plant in the metaverse

The industrial metaverse is set to revolutionise the development of the UK Atomic Energy Authority’s prototype fusion energy plant, STEP, located in Nottinghamshire.

The immersive and connected virtual environment will serve as the digital realm where engineers and scientists will collaborate to design and refine the plant's engineering blueprint.

In partnership with Dell Technologies, Intel, and the University of Cambridge, UKAEA aims to leverage the power of...

28 June 2023 | AI

Quest Global and Nvidia partner for digital twins in manufacturing

Quest Global and Nvidia are teaming up to create digital twin solutions for the manufacturing and automotive industries on the latter’s Omniverse Enterprise platform.

Omniverse Enterprise is a scalable, end-to-end platform which enables enterprise organisations to build and operate metaverse applications. Teams can connect and customise complex 3D pipelines and operate large-scale, physically accurate virtual worlds, including entire premises such as factories.

Regular...

7 February 2023 | Digital Transformation

Gartner: 25% of consumers will spend 1 hour daily in the metaverse by 2026

According to Gartner, a quarter of consumers will spend one hour per day in the metaverse by 2026.

The metaverse is a virtual world in which people can play, socialise, and work. Some of these virtual worlds can be adaptations of real-world places – including landmarks or workplaces – while others are dreamt up by creative individuals.

Marty Resnick, Research Vice President at Gartner, said:

“Vendors are already building ways for users to replicate their...

8 February 2022 | Metaverse

Taking Microsoft’s Azure Digital Twins to the next level in IoT

As countless IoT applications track live systems, real-time analytics plays an essential role in identifying problems or finding opportunities and then responding fast enough to make a difference. How can digital twins create leverage for implementing real-time analytics in IoT?

Consider a software telematics application that tracks a nationwide fleet of trucks to ensure timely deliveries. Dispatchers receive telemetry from IoT connected trucks every few seconds...

30 November 2021 | Digital Twin

Matterport democratises access to digital twins with major UK and US expansion

Spatial data firm Matterport is democratising access to digital twins by expanding its UK and US coverage by 55 percent.

Digital twins are supporting the digital transformation of the built world by enabling businesses to manage their assets using real-time virtual counterparts.

Research has found that digital twins have led to real estate listings closing 31 percent faster, increased vacation rental conversions by up to 12 percent, and reduced the time to design,...

24 November 2021 | Digital Twin

ScaleOut Software gives real-time analytics to Azure Digital Twins

ScaleOut Software is extending its Digital Twin Streaming Service to help customers get powerful real-time analytics from Azure Digital Twins.

Digital twins can be deployed using the solution on a highly scalable, in-memory computing platform in the cloud.

“We are excited to combine our in-memory computing technology with the popular Azure Digital Twins platform to deliver fast, scalable insights that help address real-time challenges across industries,” said Dr...

16 November 2021 | Digital Twin

Haier gets a hand from Huawei and China Mobile to build smart factories

China’s largest consumer electronics producer, Haier, is getting a helping hand from Huawei and China Mobile to build smart factories.

The trio of industry titans announced the successful combination of 5G and mobile edge computing (MEC) to deliver innovative manufacturing solutions.

5G offers bandwidth of up to 20Gbps while lowering latency to as little as one millisecond. MEC further lowers latency, improves security, and enables new applications by supporting...

15 November 2021 | 5G

GTC 2021: Nvidia gets serious about the metaverse with Omniverse updates

Nvidia has announced several updates to its Omniverse simulation platform that brings the metaverse closer to reality.

The metaverse can be seen as the next step of the web, providing a virtual, persistent world where users can socialise, work, and play with actions that could have real-world effects.

Facebook recently changed its company name to Meta to reflect its new focus on building a metaverse. During Meta’s recent Connect conference, CEO Mark Zuckerberg was...