Top 10 Digital Twin Software Solutions for 2024

Published on
12/04/2024 09:38 AM
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Digital twin technology is one of the most disruptive new tools in the world of digital transformation. 

Whether it’s powering smart cities or making the development of everything from smartphones to wind turbines more efficient, the technology provides insights that can change how technology – and enterprises  – work for the better. 

According to a recent survey by MarketsandMarkets, the global digital twin market size in terms of revenue was estimated to be worth USD 10.1 billion in 2023 and is poised to reach USD 110.1 billion by 2028, growing at a CAGR of 61.3% from 2023 to 2028.

Powering this digital twin revolution are a number of key digital twin software solutions which provide a platform for enterprises big and small to embrace this powerful technology. 

What is a digital twin


Bentley iTwin

Bentley's iTwin is a powerful digital twin software solution specifically designed for the AEC (architecture, engineering, and construction) industry. It allows you to create, manage, and leverage digital twins of infrastructure projects throughout their entire lifecycle, from design and construction to operation and maintenance. Imagine a virtual replica of a bridge, building, or entire city that constantly updates with real-time data. This is the essence of what Bentley iTwin offers.  It provides a collaborative environment to create and manage these digital twins,  integrating data from design, construction, and operational phases. 

Unlike some general-purpose digital twin platforms, iTwin is specifically designed for the needs of AEC professionals. The platform understands the data formats, workflows, and challenges unique to this industry, and seamlessly integrates with Building Information Modeling (BIM) software, a popular tool in AEC. This allows you to easily import existing 3D models and associated data into the digital twin, creating a rich information foundation. The software also uses an open-source toolkit called iTwin.js, allowing developers to customize and extend the platform's functionality. This flexibility caters to specific project needs and workflows within the AEC industry. By providing a comprehensive digital twin solution specifically tailored to the AEC industry, Bentley iTwin is among the best digital twin software available today, transforming the way infrastructure projects are designed, built, and operated.

IBM Maximo asset monitor

IBM is another digital industry market leader with its finger on the pulse of the digital twin revolution. Its digital twin software, Maximo Asset Monitor, is a digital twin software solution designed to provide real-time visibility, anomaly detection, and AI-driven insights for business assets. The platform integrates with the broader IBM Maximo Application Suite, a powerful suite for enterprise asset management, and pulls in data from sensors and other sources to provide a real-time view of asset health and performance. You can also configure dashboards to display the most critical metrics for their specific assets and operations. This facilitates quick and easy monitoring of key performance indicators (KPIs).

By using machine learning algorithms, Maximo Asset Monitor can automatically detect deviations from normal operating patterns. When an issue is identified, the digital twin software can directly generate a service request within the Maximo system, streamlining the maintenance process and helping to identify potential problems before they escalate into major failures. This helps to optimize asset performance and lifespan while minimising the risk of unexpected equipment failures, meaning less downtime and increased productivity across the board. Maximo Asset Monitor caters to a wide range of industries and asset types – from industrial equipment and manufacturing machinery to transportation fleets and facility infrastructure.

Ansys Twin Builder

Ansys Twin Builder is a leading digital twin software solution designed specifically for engineers. It excels at creating simulation-based digital twins, focusing on modelling the performance of complex physical systems across various engineering disciplines. Unlike some general-purpose digital twin platforms, Twin Builder caters to engineers by providing advanced tools for multi-domain simulation. This allows for the creation of highly accurate digital representations of complex systems involving factors like fluids, structures, and electromagnetics. Twin Builder also comes with multidomain systems modelling, which allows users to build digital twins that encompass various physical domains within a single model. This is crucial for simulating the behaviour of intricate systems with interacting physical phenomena.

Along with its multidomain systems modelling, Ansys’s Twin Builder offers a powerful solver engine capable of handling complex simulations across different engineering disciplines. It also comes with pre-built post-processing tools to enable efficient analysis and visualization of simulation results, as well as reduced order models (ROMs)  for simplified models that capture the essential dynamics of a complex system. This is valuable for real-time applications where computational efficiency is critical. Twin Builder integrates seamlessly with other Ansys engineering simulation software, as well as various third-party CAD and data analytics. By providing a powerful environment for creating and utilizing simulation-based digital twins, Ansys Twin Builder empowers engineers to optimize product design, streamline development processes, and gain valuable insights for improved system performance across various industries.

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