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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.
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, today, Siemens detailed an extended partnership with Nvidia to enable artificial intelligence (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.
“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.
Hemmelgarn said that bringing Siemens technology together with Nvidia Omniverse will allow industrial organizations to make decisions faster.
One area where Nvidia Omniverse and Siemens will be able to help accelerate the decision-making process of industrial companies is with the elimination of physical prototypes. Hemmelgarn noted that in the past, automotive manufacturers often had to build costly prototypes in order to develop new vehicles.
In recent years, there has been a movement toward virtualization for automotive design, though it has typically involved the use of very specialized technology running in a specific location, often referred to as a ‘cave.’
Hemmelgarn said that with the Nvidia Omniverse, instead of automotive vendors needing a cave, the capability to visualize the new design can be opened up to a much wider audience. Omniverse doesn’t require a cave to run in any number of …