The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading digital twin of an organization’s solutions vendors
10 March 2022: Quadrant Knowledge Solutions announced today that it has published a SPARK Matrix analysis of the global digital twin of an organization solutions market.
The Quadrant Knowledge Solutions SPARK Matrix™: Digital Twin of an Organization (DTO) Solutions includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading DTO vendors in the form of its SPARK Matrix. It gives strategic information for users to evaluate different vendor capabilities, competitive differentiation, and market position.
“The DTO solution vendors continue to strengthen their capabilities and leverage their emerging technology trends by including -big data analytics, artificial intelligence, and machine learning which will fundamentally transform the way of creating and managing digital twin models. The DTO solution vendors are also making a significant investment in enhancing simulation, process mining, visualization, and integration features which will play a primary role in experimenting with the virtual representation of the organizational verticals for the validation of products, processes, systems design, and configuration and give real-time insights on the same to improve business objectives,” says Sofia Ali, Analyst at Quadrant Knowledge Solutions.
The digital twin of an organization allows enterprise leaders to have a holistic view of the business processes, people, applications, and other factors on a virtual dashboard to map business plans and execute the processes efficiently and effectively. The DTO solution has evolved from the concept of digital twin which was widely used by manufacturing and automotive industries to design a virtual representation of a component or product. Thus, DTO has enhanced the concept of the digital twin by pairing the real and virtual world and providing insights that can help prevent downtime, identify new opportunities, and help plan for the future. It enables organizations to build, operate, analyze, and tweak the digital models by offering real-time business updates and responses to changes.
The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. The SPARK Matrix includes ranking and positioning of the leading digital twin of an organization (DTO) solution vendors with a global impact, including Ardoq, Arrayworks, Bee360, BiZZdesign, BOXARR, BOC Group, BusinessOptix, CANEA, Celonis, Cosmo Tech, Holocentric, IBM, iGrafx, Interfacing Technologies, Mavim, Ortelius, QPR Software, QualiWare, Signavio, and Software AG.
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients as a strategic knowledge partner in achieving business transformation goals with Strategic Business and Growth Advisory Services. Quadrant’s research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, visit: https://quadrant-solutions.com/market-research/
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