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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? What Digital Twins Are Used For.

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COVID-19: Business R&D Spending Will Fall by at Least 5-6%

Commodore Innovation

Data source: NSF Business R&D and Innovation Survey ( link ), Federal Reserve ( FRED ) Prepare for innovation budget pressure now It is imperative that innovation leaders start preparing for budget conversations now. Gather benchmarking data. If you’re not measuring what you need to, now is the time to quickly assemble that data.

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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Pay-per-use Leasing Energy savings The fast pace of projection disruptions resulted in cinemas to either work with outdated technology or spend more than they earn.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. While technology continues to be the leading patent class, transportation has jumped to second. Ironically, this high-density patent covers a low-density parity checking technology. s applications.

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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. While technology continues to be the leading patent class, transportation has jumped to second. Ironically, this high-density patent covers a low-density parity checking technology. s applications.

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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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