Digital Twin
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Siemens and Nvidia Partner to Enable Digital Twin for the Industrial Metaverse

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VentureBeat
July 15, 2022
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Summary

Industrial technology giant, Siemens, has long been modeling different elements of the real world in software, and it is now looking to advance its approach to enabling an industrial metaverse. To support its efforts, the company is partnering with Nvidia to enable AI digital twin capabilities. The partnership will see Siemens industrial design and development technology integrated with the Nvidia Omniverse platform, which enables users to create photorealistic virtual simulations. Read more about the partnership and what it means for advanced manufacturing in VentureBeat.

The basic idea behind the concept of digital twins, is to help model aspects of the physical world in software.

According to a forecast from Fortune Business Insights, the market for digital twin technology and services will generate an estimated $8.9 billion in revenue in 2022, growing to $96 billion by 2029.

“The digital twin is the virtual representation of the real product and the value of that digital twin is how closely we can bring the virtual world and the real world together,” Tony Hemmelgarn, president and CEO of Siemens explained in a press briefing.

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