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$0.20547 3.71%

Object Management Group Forms Digital Twin Consortium

NEEDHAM, Mass.--(BUSINESS WIRE)--Non-profit trade association Object Management Group® (OMG®) with founders Ansys, Dell Technologies, Lendlease and Microsoft, today announced the formation of Digital Twin Consortium™. Digital twin technology enables companies to head off problems before they occur, prevent downtime, improve the customer experience, develop new opportunities, drive innovation and performance and plan for the future using simulations. Members of Digital Twin Consortium will collaborate across multiple industries to learn from each other and develop and apply best practices. This new open membership organization will drive consistency in vocabulary, architecture, security and interoperability to help advance the use of digital twin technology in many industries from aerospace to natural resources.

Digital twins, virtual models of a process, product or service that allow for data analysis and system monitoring via simulations, can be challenging to implement due to a lack of open-source software, interoperability issues, market confusion and high costs. In order to ensure the success of Digital Twin Consortium, several leading companies involved in digital twin technology have joined the consortium prior to inception. This category of early innovators, called Groundbreakers, includes: Air Force Research Lab (US), Bentley Systems, Executive Development, Gafcon, Geminus.AI, Idun Real Estate Solutions AB, imec, IOTA Foundation, IoTIFY, Luno UAB, New South Wales Government, Ricardo, Willow Technology, and WSC Technology.

Membership is open to any business, organization or entity with an interest in digital twins.

“Most definitions of digital twin are complicated, but it’s not a complicated idea. Digital twins are used for jet engines, a Mars rover, a semiconductor chip, a building and more. What makes a digital twin difficult is a lack of understanding and standardization,” said Dr. Richard Soley, Digital Twin Conso...

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