Recently, market leaders NVIDIA and Siemens announced a partnership expansion to include digital twin technology. This twin technology will take advantage of both Siemens Xcelerator, an open online business platform, and the NVIDIA Omniverse, a 3D-design and teamwork platform. This expansion not only has big implications for the futures of both corporations but also hints at changes in the digital twin industry.
What is a Digital Twin?
Digital twin technology has only become popular in the last few years thanks to technological updates in developing virtual environments. A digital twin is the virtual representation of a location or particular subject. For many businesses, a digital twin may be created to mimic a supply line or factory floor. Once this virtual model is created, it can run through several simulations, testing different conditions. For companies looking to optimize the supply chain, or cut manufacturing costs, digital twin technology is an easy and cost-effective way to find these solutions.
Digital twins are more than mere simulation. They are hand-crafted virtual environments, replicating a real object down to the tiniest detail. This technology also studies multiple factors, while a simulation focuses on one process. Digital twin technology also creates a conversation with the physical object and its digital twin, using various inputs to calculate real-time changes. For these reasons, many companies are working to leverage this technology to help grow their own successes.
What Will This Look Like for NVIDIA and Siemens?
To use the AI-based digital twin project, the companies will connect their two digital platforms, the Siemens Xcelerator and NVIDIA Omniverse. With this new connection, the companies can create an industrial-size virtual environment with digital models from Siemens and AI provided by NVIDIA to produce real-time data. The two companies hope to offer this new virtual platform to other businesses to leverage the benefits of this new technology. Having a digital twin platform with built-in AI can be a game-changer for many big companies, especially those in automobile manufacturing or robotics. These industries specifically rely heavily on supply chains and manufacturing lines. Using a digital twin to understand where processes can be optimized can save these sorts of companies a significant amount of overhead costs while using an all-inclusive platform.
Both the Siemens CEO Roland Busch and NVIDIA CEO Jensen Huang expressed positive sentiments about the possibilities brought on by the collaboration. As both Siemens and NVIDIA are big names in digital technology and work platforms, it will be no surprise to see this partnership ripple through the rest of the industry. This partnership is one of many, as other companies are pairing up to enter the metaverse industry. From Nike to Chipotle, companies are looking to take advantage of this technology and the untapped market. For both Siemens and NVIDIA, the opportunities presented by virtual environments help their companies to stand out and provide a next-level advantage that is difficult to beat.
See also: 15 Best Digital Twin Companies To Look For In 2023
Where is the Digital Twin Technology Industry Headed?
Thanks to the partnership between NVIDIA and Siemens, there is more awareness being given to the digital twin industry, and the benefits it can provide. This partnership may pave the way for other companies to jump into using digital twin technology and allow more capital to flow into the industry. It will be no surprise for many manufacturing companies to look into this technology. For NVIDIA and Siemens, their work has only just begun, and they are excited to continue offering new platforms.
For more market insights, check out our latest Digital Twin news here.
