The digital twin refers to intelligent, real-time digital representations of physical systems, equipment, or products. Simply put, it is a 2D or 3D virtual version of the product used for automating performance monitoring and predictive maintenance.
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The machine learning (ML) market is valued at nearly $21 billion in 2022 and is expected to reach $209.91 billion by 2029 at a whopping CAGR of 38.8%. Deep learning is the sub-segment or subset of ML — more so, an evolved branch of ML that is immensely high in demand. From healthcare to entertainment, the use cases of deep learning across sectors are manifold.
The manufacturing circle is buzzing with servitization for decades. Innumerable research papers on the concepts, strategies, and benefits of this model have evolved.