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SPARK Matrix™: Digital Twin of an Organization, 2022

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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 been 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 through pairing the real and virtual world and provides insights that can help prevent downtime, identify new opportunities, and help plan. It enables organizations to build, operate, analyze, and tweak the digital models by offering real-time business updates and responses to changes. 

Quadrant Knowledge Solutions’ DTO solution market research includes detailed global market analysis. It mainly comprises short-term and long-term growth opportunities, emerging technology trends, market trends, and future market outlook. The study provides a comprehensive market forecast analysis of the global market and the overall market adoption rate. It aims to provide strategic information for technology vendors to enhance their understanding of the market and support their growth strategies by evaluating different vendors’ capabilities, competitive differentiation, and market position. 

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. 

According to Sofia Ali, Analyst at Quadrant Knowledge Solutions, “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.”

2022 Digital Twin of an Organization (DTO) Solution: SPARK Matrix
Source: Quadrant Knowledge Solutions

SPARK Matrix_Digital Twin of an Organization_2022_Quadrant Knowledge Solutions

 


Table of Contents

Executive Overview

  • Key Research Findings

Market Overview and Technology Trends

Factors Influencing Technology Development and Market Growth

Market Adoption Trends

Competition Landscape and Analysis 

  • Competitive Overview and Analysis
  • Key Competitive Factors and Technology Differentiators

SPARK Matrix™: Digital Twin of an Organization (DTO) Solution, 2022

Vendor Profiles

Research Methodologies

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  • Detailed understanding of the industry structure, market participants, and value chain mapping
  • Business potential and opportunities of target markets, economies, and industries
  • Strategic planning and tactical opportunities
  • Go to market strategies

 

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