Digital twin

Generative AI and Digital Twins: Impact on the Manufacturing Industry Published by Info-Tech Research Group

Retrieved on: 
Tuesday, April 2, 2024
Automation, Risk management, Synthetic media, ACMS, Organization, Growth, Information technology, Digital, Research, AI, Human, Digital twin, Investment, Fourth Industrial Revolution, OT, Gen, Generative, Tech, Retail

A new industry resource from Info-Tech Research Group on generative AI and digital twins offers a comprehensive analysis for manufacturing leaders considering how best to harness these technologies.

Key Points: 
  • A new industry resource from Info-Tech Research Group on generative AI and digital twins offers a comprehensive analysis for manufacturing leaders considering how best to harness these technologies.
  • To assist organizations with leveraging these technologies, Info-Tech Research Group has unveiled its latest blueprint, Generative AI in Digital Twins .
  • When combined with Gen AI, the possibilities for the manufacturing industry expand exponentially," says Shreyas Shukla , principal research director at Info-Tech Research Group.
  • For exclusive and timely commentary from Shreyas Shukla, an expert in the manufacturing industry, and access to the complete Generative AI in Digital Twins blueprint, please contact [email protected] .

BCC Research Forecasts Global Spatial Computing Market to Surpass $150.5 Billion by 2028

Retrieved on: 
Monday, April 1, 2024
Sony, Apple Inc., Microsoft, Intel, Nvidia, Machine learning, Government, Spatial, Education, Apple, VR, Growth, Virtual reality, Augmented reality, Spatial computing, Internet of things, Internet, Meta Platforms, Meta, Hospitality, Travel, Software, HTC, Computer, Digital twin, Navigation, Investment, Energy, Vuzix, Marketing, Defense, Key market, Artificial intelligence, Entertainment, Online shopping

BOSTON, April 1, 2024 /PRNewswire/ -- Global Spatial Computing Market refers to the worldwide industry that creates and sells technology allowing digital information to interact with the physical world. This includes things like virtual reality, augmented reality, and other tools that merge digital content with our real environment. It's a broad market that involves hardware like headsets and software applications that create immersive experiences for various purposes, like gaming, education, and more.

Key Points: 
  • This report on global spatial computing market provides comprehensive insights and analysis, addressing the following key questions:
    What is the projected market size and growth rate of the global spatial computing market?
  • Global market for Spatial Computing was valued at $57.20 billion in 2022 and is expected to reach $150.46 billion by 2028, growing at a CAGR of 17.5% from 2023 to 2028.
  • By the end of 2028, the Augmented Reality (AR) segment will continue to dominate the global Spatial computing market.
  • Which region has the highest market share in the global spatial computing market?

Openstream.ai Gets Key Patent for Multimodal AI-Driven Digital Twins of Humans to Scale Access to Experts

Retrieved on: 
Tuesday, March 26, 2024
Knowledge, Customer, Chatbot, Multimodal, Information Today, AI, Digital twin, Employment, Conversation, Patent, Language, CMO, Gartner, Magic Quadrant, Stark, Sales

BRIDGEWATER, N.J., March 26, 2024 /PRNewswire/ -- Openstream.ai, the leading provider of neuro-symbolic, plan-based multimodal Conversational AI platform and solutions for visionaries, today announced the expansion of  its multimodality patent portfolio with the issuance of the patent entitled "System and Method for Automated Digital Twin Behavior Modeling for Multimodal Conversations." This patented approach gives the visionary clients of its platform Eva™ (Enterprise Virtual Assistant)  the ability to deploy advanced virtual assistants that are digital twins of human experts with their knowledge and unique personas that can engage in empathetic, hallucination-free natural conversations with end-users.

Key Points: 
  • Digital Twins of Experts can take the form of AI Avatars, AI Virtual, or AI Voice agents on any channel or engage in any language to collaborate with end-users to help them achieve their goals.
  • This allows an enterprise to scale and deploy twins to support customer service, employee help desk, or co-pilot use cases as needed 24/7/365.
  • "The ability to build and deploy Digital Twins of Expert humans in the enterprise has been the holy grail of AI endeavors within the expert community for several decades.
  • The use of digital twins in various business sectors is expected to boom in the next few years.

CrateDB Partners with HiveMQ to Deliver a Seamless Data Management Architecture for IoT

Retrieved on: 
Monday, March 25, 2024
Cloud, CrateDB, ROI, Database, SQL, Digital, Partnership, Internet of things, Predictive maintenance, AI, Software, Organization, Digital twin, Architecture, Machine learning, Collection, Data management, MQTT

This way, customers can communicate reliably across connected devices, and control their IoT data with confidence to increase the efficiency of business initiatives across multiple locations.

Key Points: 
  • This way, customers can communicate reliably across connected devices, and control their IoT data with confidence to increase the efficiency of business initiatives across multiple locations.
  • Organizations seek improved methods to integrate IoT infrastructure software and data within current enterprise and industrial systems.
  • Enhancing this integration facilitates the deployment of IoT applications and enhances the benefits derived from in-depth, real-time analysis of IoT data.
  • HiveMQ and CrateDB can jointly scale to meet growing business demands, while real-time data processing enables instantaneous insights, crucial for agile decision-making.

Smart Factory Market worth $164.0 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, March 25, 2024
Autonomy, WIKA, General Electric, Schneider Electric, Device, Transport, Metal, Rockwell Automation, Investment, ABB, Omron, Artificial intelligence, PAM, Honeywell, Statistics, Automation, Natural language processing, Natural language, Internet of things, Workflow, Machine vision, Economic development, Mitsubishi Electric, Machine learning, 3D Systems, Communication, Yokogawa Electric, AI, Digital twin, Robotics, Automotive industry, HMI, Equipment, Growth, MES, Hardware, Condition monitoring

Industrial sensors to hold the largest market share in smart factory market in the year 2023.

Key Points: 
  • Industrial sensors to hold the largest market share in smart factory market in the year 2023.
  • Plant asset management (PAM) is experiencing rapid growth in the smart factory market as industries increasingly prioritize efficient operations.
  • Asia Pacific is expected to grow at the highest CAGR in the Smart factory industry from 2024 to 2029.
  • (US), Stratasys (US), 3D Systems Corporation (US) and Others in the Smart factory market.

Smart Factory Market worth $164.0 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, March 25, 2024
Autonomy, WIKA, General Electric, Schneider Electric, Device, Transport, Metal, Rockwell Automation, Investment, ABB, Omron, Artificial intelligence, PAM, Honeywell, Statistics, Automation, Natural language processing, Natural language, Internet of things, Workflow, Machine vision, Economic development, Mitsubishi Electric, Machine learning, 3D Systems, Communication, Yokogawa Electric, AI, Digital twin, Robotics, Automotive industry, HMI, Equipment, Growth, MES, Hardware, Condition monitoring

Industrial sensors to hold the largest market share in smart factory market in the year 2023.

Key Points: 
  • Industrial sensors to hold the largest market share in smart factory market in the year 2023.
  • Plant asset management (PAM) is experiencing rapid growth in the smart factory market as industries increasingly prioritize efficient operations.
  • Asia Pacific is expected to grow at the highest CAGR in the Smart factory industry from 2024 to 2029.
  • (US), Stratasys (US), 3D Systems Corporation (US) and Others in the Smart factory market.

System Integrator Market worth $40.3 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, March 20, 2024
Component, ATS, PLC, AGV, Artificial intelligence, Articulated vehicle, PAM, Statistics, Automation, Medication, SCADA, Integrator, Machine vision, Information technology, AMR, Process control block, DCS, Oil, Process, SCARA, Maverick Technologies, Functional safety, Controller, User interface, Digital twin, Robotics, Programmable logic controller, Machine learning, Automotive industry, HMI, Growth, MES, Instrument, Remote terminal unit, Hardware, Condition monitoring

Continuous advancements in industrial robotics technologies, including collaborative robots (cobots), machine learning, and artificial intelligence, drive increased adoption.

Key Points: 
  • Continuous advancements in industrial robotics technologies, including collaborative robots (cobots), machine learning, and artificial intelligence, drive increased adoption.
  • Moreover, the fourth industrial revolution, Industry 4.0, emphasizes the integration of digital technologies into industrial processes.
  • Industrial robots are a crucial component of Industry 4.0, and system integrators are essential in facilitating the seamless integration of robotic systems with other smart technologies.
  • These factors are contributing to the highest market share in system integrators market.

System Integrator Market worth $40.3 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, March 20, 2024
Component, ATS, PLC, AGV, Artificial intelligence, Articulated vehicle, PAM, Statistics, Automation, Medication, SCADA, Integrator, Machine vision, Information technology, AMR, Process control block, DCS, Oil, Process, SCARA, Maverick Technologies, Functional safety, Controller, User interface, Digital twin, Robotics, Programmable logic controller, Machine learning, Automotive industry, HMI, Growth, MES, Instrument, Remote terminal unit, Hardware, Condition monitoring

Continuous advancements in industrial robotics technologies, including collaborative robots (cobots), machine learning, and artificial intelligence, drive increased adoption.

Key Points: 
  • Continuous advancements in industrial robotics technologies, including collaborative robots (cobots), machine learning, and artificial intelligence, drive increased adoption.
  • Moreover, the fourth industrial revolution, Industry 4.0, emphasizes the integration of digital technologies into industrial processes.
  • Industrial robots are a crucial component of Industry 4.0, and system integrators are essential in facilitating the seamless integration of robotic systems with other smart technologies.
  • These factors are contributing to the highest market share in system integrators market.

Causaility Launches Causaition™ Biomimetic AI Digital Twin Solution

Retrieved on: 
Wednesday, March 20, 2024
Knowledge, Biomimetics, Organization, RKE, Risk, Causality, Digital twin, Behavior

DENVER, March 20, 2024 /PRNewswire/ -- Causaility, LLC today announces the launch of its Denver-based headquarters and availability of Causaition™, a revolutionary Biomimetic AI Digital Twin Solution that enables healthcare, communications, financial services, and other organizations to explore knowledge hidden within their dark and disparate data.

Key Points: 
  • DENVER, March 20, 2024 /PRNewswire/ -- Causaility, LLC today announces the launch of its Denver-based headquarters and availability of Causaition ™, a revolutionary Biomimetic AI Digital Twin Solution that enables healthcare, communications, financial services, and other organizations to explore knowledge hidden within their dark and disparate data.
  • Causaition solutions are built on biomimetic AI innovator RYLTI's patent-pending RYAILITI Knowledge Engineering (RKE) Biomimetic AI Platform and Digital Twin Ecosystem.
  • Causaition solutions uniquely reveal valuable insights from within dark data by discovering the unrealized nexus of connections, relationships, and interactions across data silos.
  • Causaition's core solutions incorporate our transformative RYAILITI Knowledge Engineering (RKE) Biomimetic AI Platform and Digital Twin Ecosystem, which can dramatically accelerate discovery and uncover dark data discoveries with insights never-before-achievable," said Peter Fiorillo, Co-founder and CEO of RYLTI.

Bridge Data Centres partners with Red Dot Analytics to power sustainability goals with technological innovation

Retrieved on: 
Wednesday, March 20, 2024
Cloud, Carbon, Quality control, Ability, Physics, Greenpeace, Walking, IMDA, Assistant, Red Dot, Partnership, RDA, Artificial intelligence, Research, BDC, AI, Nanyang Technological University, Digital twin, Architecture, Memorandum of understanding, Infocomm Media Development Authority, Enterprise Singapore, UPS, Multimedia, Cyberjaya

Mahadhir Aziz, Chief Executive Officer of Malaysia Digital Economy Corporation (MDEC), said "Today's strategic partnership between Bridge Data Centres International and Red Dot Analytics marks a pivotal moment in shaping Malaysia's digital future towards sustainability and environmental stewardship.

Key Points: 
  • Mahadhir Aziz, Chief Executive Officer of Malaysia Digital Economy Corporation (MDEC), said "Today's strategic partnership between Bridge Data Centres International and Red Dot Analytics marks a pivotal moment in shaping Malaysia's digital future towards sustainability and environmental stewardship.
  • As Malaysia Digital Economy Corporation (MDEC), we applaud BDC's dedication to advancing data centre resilience, energy efficiency, and sustainability through this groundbreaking collaboration.
  • This initiative underscores Malaysia's commitment to environmental responsibility and positions us as a trailblazer in the region's data centre industry.
  • We are encouraged by Bridge DC's commitment to tap on technological innovation to pursue and drive more sustainable goals for the data centre industry.