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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? Process twins. What Digital Twins Are Used For.

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Digital transformation examples

Board of Innovation

2 Reasons: to accelerate the market and to make their technology the standard. Sector: Manufacturing Company: Philips Learn more: Source Pay-per-use Leasing Energy savings The fast pace of projection disruptions resulted in cinemas to either work with outdated technology or spend more than they earn. in the GE online store.

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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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Patent Quality and Utility Essential to Patent Owners

Anaqua

We are seeing the emergence of new technologies, such as autonomous vehicles, and we had the USPTO release its 10 millionth patent. When you look at who is getting patents, the top grantees continue to drive the market. While technology continues to be the leading patent class, transportation has jumped to second.

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2018 Patent Analysis: Patent Quality and Utility Essential to Patent Owners

Anaqua

We are seeing the emergence of new technologies, such as autonomous vehicles, and we had the USPTO release its 10 millionth patent. When you look at who is getting patents, the top grantees continue to drive the market. While technology continues to be the leading patent class, transportation has jumped to second.

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How China Creates the Strongest Innovation System

The BMI Lab Blog

Massive investments, a huge market and the hiring of worldwide talent has boosted the Chinese innovative ecosystem. For instance, in Q3 2017, Tencent, the Chinese Internet company that developed WeChat and QQ, overran Facebook in terms of market value. Next-generation information technology. But how was this possible?

System 58
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Innovation Networks – Needed Now More Than Ever

The Inovo Group

New technologies, tools and systems make innovation networks more possible and more influential than ever. Functions are partitioned into R&D, Marketing, Operations and other disciplines. Cultivating Communities of Practice ; Harvard Business Review Press; January 8, 2002. Norton & Company; May 2002. Buchanen, M.