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How IoT Unlocks Uninterrupted Hypergrowth for Retail and CPG

Acuvate

The worldwide internet of things in the retail sector was worth $ 31.99 billion in 2020 and is anticipated to increase at a compound annual growth rate (CAGR) of 26% between 2021 and 2028. Much like every other industry, digital disruption has large-scale implications for the retail and the CPG sector.

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Asset Management in CPG using Digital Twins

Acuvate

Digital twins for asset management fall into two fundamental categories: Project digital twins that leverage 3D to build futuristic, agile, and productive plant and equipment designs. Billion by 2028. Performance digital twins that capitalize upon cloud-based real-time data and analytics to optimize asset operations and maintenance.