As part of its ongoing dialogue regarding digital transformation, the ASME Industry Advisory Board (IAB) meeting featured a presentation by IAB member Curt Lefebvre, the founder and CEO of the artificial intelligence (AI) digital twin company, nDimensional.
During his talk, titled “Artificial Intelligence in the Real World: Scaling the Digital Twin for Industry,” Dr. Lefebvre referenced a 2019 Gartner survey that found that 85 percent of companies with Internet of Things (IoT) projects have already implemented digital twins or will within a year.
Lefebvre noted that “digital twins can bridge the gap between the potential of AI and its ability to deliver business value at scale. A digital twin is the result of packaging all available data, domain knowledge, models (physics-based and AI) and performance calculations about assets and processes, connecting them to real- or near-real-time data streams, and putting them to work delivering business outcomes 24/7/365. With their focus on real world use cases, digital twins deliver AI proof points with large and quantifiable business value.”
Read the full newsletter article here: https://www.asme.org/topics-resources/society-news/asme-news/artificial-intelligence-digital-twins-discussed-at-industry-advisory-board-virtual-spring-meeting