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Digital Twins: what it is, how it works, and the advantages of this technology

mjvinnovation

Originally, this term was coined by Dr. Michael Grieves in 2002. The situation changed in the 2010s, with the development of IoT, Artificial Intelligence, Big Data, and Cloud Computing. These components are connected to a cloud-based system that receives and processes all the data that the sensors monitor.

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Spotting Innovation Opportunities

ITONICS

The other side of the opportunity space is shaped by the internal potential of a company, i.e. the innovation culture, the departments’ and employees’ knowledge and information about previous failures or learnings. The role of big data and data mining. How do you break it all down to a practical level?

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How China Creates the Strongest Innovation System

The BMI Lab Blog

At BMI Lab we wanted to learn how they did it, so we travelled to China with some clients, visiting companies, factories, labs and universities to find the recipe for the secret sauce of Chinese innovation. BYD became the second largest battery company in 2002. In fact, today, some of the biggest companies in the world are based there.

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