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

mjvinnovation

What Digital Twins Technology is and How It Works. 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. So, what is this technology?

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Spotting Innovation Opportunities

ITONICS

Disruptive technologies or innovations boost new business models that change the game of existing industries like the space industry (SpaceX), the music industry (Spotify), the film industry (Netflix) or the banking sector (FinTechs), just to name a few. Having only one good idea won’t help companies to survive.

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How China Creates the Strongest Innovation System

The BMI Lab Blog

Next-generation information technology. The growing percentage of funds allocated to technology innovation clearly shows China's ambition on innovation leadership (source: Prof. BYD became the second largest battery company in 2002. Electrical power. New-energy automotive. High-end robotics. New materials and composites.

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