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Digital Twin Consortium introduces Business Maturity Model for organisations

The Digital Twin Consortium (DTC) published the Business Maturity Model white paper to guide organisations in designing and implementing digital twins that improve business outcomes.

“Change in the digital age is happening at speed and with high frequency, creating disruptions that are difficult to identify,” said Dan Isaacs, the GM and CTO of the DTC. “When companies take an ad-hoc approach to designing and implementing digital twins, it can lead to architectural inconsistencies, making it difficult to share data across business units and to establish an end-to-end view of business processes.”

The Business Maturity Model can help organisations realise the value digital twins add to their business.

The five stages of maturity are, in summary:

  1. Passive: Active and passive resistance to digitalisation. Little or no digitisation is found in many legacy projects.
  2. Starter: Passive observers of digital twins where there is some virtual and digital modeling. Their existence and value are recognised, but adoption does not yet seriously feature on the agenda. The attitude towards change is that it is a necessary evil rather than a business opportunity.
  3. Progressive: Early-stage participants in digital twinning where there is use of operational data for insights with some integration and automation, but only in siloed proofs of concept starting to realise the value, usually in pockets of enlightenment where the attitude to change is also more positive and accepting.
  4. Mature: Active prototypes of Digital Twins that are comprehensive with simulation for future “What if scenarios.” The owners see the benefit and start sharing data between point solutions, often providing the technology platforms, and are actively encouraging collaboration on digital twin projects across the siloes of the organisation. This integration follows the Systems of Systems approach and spreads across all phases controlled by the owners internally.
  5. Master: Active adoption of digital twins and continuous evolution of the use cases in different parts of the organisation with autonomous decision-making and the ability to learn and act on behalf of users with no human interference.

“The elements of the Business Maturity Model describe the competencies that drive the organisation’s maturity stages,” said Dana Kawas, the co- founder and CEO of Thynkli and one of the authors of the white paper. “With the support of digital twin technology, performance in each competency can be improved.”

Tim Connolly, the CEO at APTUMX and one of the authors of the white paper, said, “We recommend collecting the assessment data from different organisational stakeholders at different levels and in various business units. The Business Maturity Model white paper provides guidance organisations can use to identify where to start and how to prioritise their actions when designing and deploying digital twin systems.”

You can download the Business Maturity Model white paper from the DTC website. Become a DTC member and join the global leaders in digital twin technology.

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November 27, 2024

Posted by: Magda Dabrowska

Vodafone IoT aids Controlant in reducing pharma supply chain waste, emissions

Vodafone Business IoT and Controlant announced they are working together to make the pharmaceutical supply chain more sustainable. They aim to reduce the waste of perishable medicines and help distributors avoid the unnecessary carbon emissions redelivery creates.  (more…)

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November 26, 2024

Posted by: Anna Ribeiro

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IDEMIA and Kudelski IoT partner to combat fraud in automotive retail

IDEMIA Public Security North America has announced a partnership with Kudelski IoT, a division of the Kudelski Group. This collaboration aims to enhance fraud prevention and regulatory compliance in the automotive retail industry by using IDEMIA’s Identity and Verification (ID&V) technology. (more…)

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November 22, 2024

Posted by: Magda Dabrowska

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OnGo Alliance highlights CBRS deployment success across industries

The OnGo Alliance, an industry consortium dedicated to accelerating the adoption of LTE and 5G solutions in the Citizens Broadband Radio Service (CBRS) band, has announced strides in CBRS deployment across various industries. This progress was showcased at Mobile World Congress (MWC) Las Vegas 2024 and the OnGo Alliance Fall Member Meeting in Dallas, titled “OnGo Forward: CBRS, 5G, and Beyond.” (more…)

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November 21, 2024

Posted by: Magda Dabrowska

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LocatorX expands advisory board with defense and logistics experts

LocatorX has announced two new members to its strategic advisory board, Colonel Michael Stephens (retired) and Joshua Bass. These additions further strengthen the company’s commitment to expanding its partnerships and Go-To-Market (GTM) strategy for the government and defense sectors. (more…)

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Posted by: Magda Dabrowska

Unlocking the “Sweet Spot” of 5G RedCap for IoT Industries

In this episode of Fibocast, Andrew Parkin-White, co-founder of TecFutures, hosts an engaging conversation with David Palma, Director of EMEA Technical Sales at Fibocom. Together, they explore the fascinating potential of 5G RedCap and how it is reshaping the IoT landscape.

(more…)

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Posted by: Barto Szkaradek

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Digital Matter maunches Manta Fusion

Digital Matter has announced the launch of the Manta Fusion, an advancement to their battery-powered solutions.   (more…)

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November 20, 2024

Posted by: Magda Dabrowska

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SEALSQ and WISeKey forge quantum-ready digital ecosystem

SEALSQ has announced that is strengthening its collaboration with its parent company, WISeKey, to drive innovation across the digital ecosystem. Together, these organisations are integrating cutting-edge technologies to address the critical challenges of secure connectivity, post-quantum cryptography and the burgeoning demands of IoT. (more…)

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November 19, 2024

Posted by: Magda Dabrowska

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Verizon Connect’s report highlights fleet technology growth

Verizon Connect has released its fifth annual Fleet Technology Trends Report, conducted in partnership with Bobit Business Media, and based on responses from 543 fleet management professionals. The report highlights how fleet management technology continues to serve as a dependable asset for boosting performance across small, medium and enterprise fleets. (more…)

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Posted by: Magda Dabrowska

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Digi teams up with T-Mobile to influence precision remote monitoring

Digi International has announced that the Digi Connect Sensor XRT-M, powered by Digi Axess, has been officially certified for use on the T-Mobile network. (more…)

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November 14, 2024

Posted by: Magda Dabrowska