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The concept of the digital twin contains a trap. When we think of a twin, we think of a copy of an individual. In the digital world, we often think of a copy of an individual device – a physical replica of conveyor belt or radar. The trap is that we limit the scope of twindom and think too small. 
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Scoop.it!
Cisco predicts the global IoT market will be $14.4T by 2022. IC Insights predicts revenue from Industrial Internet IoT spending will increase from $6.4B in 2012 to $12.4B in 2015. IoT in manufacturing market size is estimated to grow from $4.11B in 2015 to $13.49B by 2020, attaining a CAGR of 26.9%. With the potential …
Farid Mheir's insight:
A review of trends, forecasts, market estimates and other predictions regarding Internet of Things.
WHY THIS IS IMPORTANT IOT has th potential to impact all industries, from consumer products to manufacturing processes to healthcare and treatment. Its technology and platforms should thus be included in all digital transformation plans from this point forward. Moreover, this represents a growing niche for new companies and consulting firms.
Scoop.it!
COPENHAGEN -- The Digital Age has brought with it a new way of thinking about manufacturing and operations, and the Internet of Things, which connects devices to the Web and to each other, will change the way we communicate and do business.
Farid Mheir's insight:
Industrial production has been slower to embrace digital transformation. This appears to be about to change with the arrival of internet connected sensors - the internet of things. Couple that with 3D printers, virtual reality, and robots, it will create new opportunities for cost reductions and operational improvements when the data captured by all these IoT will be analyzed in real-time by intelligent algorithms using Big Data analysis and machine learning tools and solutions. Many expect an industrial revolution to come out of these new technologies.
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Curated by Farid Mheir
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This concept of digital twins in the manufacturing world should not be confused with the concept of human digital twins.
http://fmcs.digital/blog/digital-twin/
Here, GE is mirroring digitally everything that a machine is doing, and Sight Machine is pushing the concept forward by mirroring entire manufacturing floors.