DTO is the virtual representation of an organization in terms of its processes, applications, business models, strategies, and such others. It enables organizations to build, operate, analyze, and tweak the digital models by offering real-time business updates and responses to changes. It further allows optimum resource utilization, which helps improve speed and efficiency and deliver elevated customer value. A DTO solution typically includes functionalities for comprehensive data integration, process modelling and visualization, process simulation, process monitoring and analysis, communication and collaboration, and process optimization and model calibration. An effective implementation of a DTO solution helps organizations accelerate digital business transformation initiatives, customer experience (CX) and transformation, achieve business and operational agility, and align the organization’s vision and goals with business and operational processes.
As part of the research “SPARK Matrix™: Digital Twin of an Organization, 2022” Quadrant Knowledge Solutions conducted an in-depth analysis of major DTO platform vendors by evaluating their products, market presence, and customer value proposition. Based on the analysis, the study provides competition analysis and ranking of the leading vendors in the form of SPARK Matrix. The evaluation is based on the primary research with expert interviews, analysis of use cases, and Quadrant’s internal analysis of the overall DTO platforms market. The SPARK Matrix evaluation examined iGrafx and nineteen other vendors including Ardoq, Arrayworks, Bee360, BiZZdesign, BOXARR, BOC Group, BusinessOptix, CANEA, Celonis, Cosmo Tech, Holocentric, IBM, Interfacing Technologies, Mavim, Ortelius, QPR Software, QualiWare, Signavio, and Software AG.
Quadrant Knowledge Solutions research analyzes market dynamics, growth opportunities, emerging technology trends, and the vendor ecosystem of the global market. This research provides strategic information for technology vendors to better understand the market supporting their growth strategies and for users to evaluate different vendor capability, competitive differentiation, and market position.
Read more: igrafx.com