Date Published: October 14, 2022
"CEOs are increasingly recognizing the importance and power of digital twins. 70 percent of C-suite technology executives at large enterprises are exploring and investing in digital twins. This interest, combined with rapidly advancing supportive technologies, is driving market estimates for digital-twin investments of more than $48 billion by 2026—a 58 percent compound annual growth rate." -McKinsey & Company October 2022 Digital twins can be leveraged to mitigate business risk by replicating applications of assets or processes. Virtual representations are also the building blocks of the metaverse. Our avatars engage with virtual real estate, comedy clubs, shopping, and more. And these virtual worlds make real money. "Digital-twin investments are estimated to reach more than $48 billion by 2026—a 58 percent compound annual growth rate." -MarketsandMarkets™ . . . #digitaltwin #VR #virtualreality #AR #augmentedreality #metaverse #evolutioncontent #evolveyourstory
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