2023 | OriginalPaper | Chapter
The Business of Digital Twins
Authors : Larry Schmitt, David Copps
Published in: The Digital Twin
Publisher: Springer International Publishing
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Abstract
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The Digital Twin supply chain is rapidly expanding and evolving. Digital Twins are becoming much easier to create, use and integrate with startups playing a major role.
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The combination of digital twins and artificial intelligence is creating complex and dynamic twins that ‘understand’ the world in ways that humans alone cannot comprehend.
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Intelligent digital twins will self-modify and evolve independent of human intervention. The outcomes will be unexpected and significant.
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These intelligent Digital Twins will disrupt and transform every existing business model and make new ones possible that create new types of value.
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A digital first future could eventually emerge in which virtual Digital Twin and Metaverse assets are the primary source of value, and the physical/real world is secondary.