We are trying to create the technology stack that will be part of the digital twins that combines data analytics approaches with physics-based simulation approaches. What's the way for interoperability of different technologies in this area and how can they all work together? Long-term we want to enable our member companies to essentially succeed in driving business to capture that $25 billion market that exists for digital twins.
With the consortium, we can really have the open discussion about what are the foundational standards, the global standards, or international and national standards that we can use for developing that coherent foundation for everyone, that universal foundation. And that way, when there are participants in the consortium that are the solution providers, we will have partners that are the platform creators, and then we have the actual end users. We have everyone speaking the same language and we have the common North star.
All digital transformation is a team sport at all levels. And joining a team like the Digital Twin Consortium to get your point of view included in the thinking of the group is only a good thing. You share and people share back…. DTC is one of the best at keeping focused on the business problem, speaking to the business buyers, and really furthering those business benefits of the technology.
Towards materialization of our collaboration agreement, we are exploring together with DTC how existing FIWARE open-source projects, as well as the smart data models initiative, can be made visible under the DTC Open-source Collaboration program. This would help to accelerate the definition and adoption of standards for digital twins, following an open-source implementation-driven approach.
Gafcon's membership in Digital Twin Consortium has yielded outstanding value on many levels. It enables us to collaborate with our peers, the world's leading technologists and thought leaders in the digital twin industry. We get the most value by staying engaged. We co-chair multiple working groups, including the Marketing WG, the Infrastructure WG, which is our key market, and the Terminology Tiger Team, which developed the Digital Twin Glossary. We are a software-agnostic systems integrator for digital twins; our clients use solutions from all our fellow members. Participation in the consortium ensures that we are ahead of the curve and know what's coming next.
We have already spoken to a few organizations that we formed partnerships with, and we brought our customers to. ... So, it has been a great avenue for information exchange, relationship building, and, also, education for our team. Because they are actively participating in these conversations, and there are different approaches for implementing digital twins. So, we've been participating with an open mind, and it has been of great value for our performance.
The DTC open-source collaboration initiative brings together three vital areas of open-source, open data, and open content that have typically existed independently. By doing so, I believe that we have got a unique opportunity to develop revolutionary new standards, technologies, and approaches for digital twins, their interoperability and stakeholder collaboration to tackle some of the biggest challenges facing our world today.
For us, joining the Digital Twin Consortium was all about the right timing. We're now at the point where, as enough people have gathered that value, we understand we should combine our learnings and our knowledge as a community to accelerate the delivery of the technology into this space. And not just the technology itself in terms of handing that over, but how the technology can deliver business value.
The Things Industries
We hypothesize that the Internet of Things can only be successful if a lot of parties can work together. We believe there is no better collaboration form than open-source. It allows parties to fork existing ideas, experiment with them in an agile way, and commit the good parts back that help the common ecosystem objectives, of which the Digital Twin Consortium's Open-Source Collaboration Initiative will catalyze like-minded community expansion.
There is a big push in the aerospace and defense industry to transform the way we're doing things and this is one of the biggest benefits of working with the Digital Twin Consortium. We get to break away from our everyday way of performing and try novel and better ways of developing these technologies.
Bert Van Hoof
Azure IoT, Microsoft
Open-source enables products and services to bring choice, technology, and community to our customers. Microsoft has published open-source GitHub repositories for smart building, smart city, and smart grid ontologies for digital twins, expressed in the open Digital Twins Definition Language (DTDL). We are excited to share this work with the Digital Twin Consortium's s Open-Source Collaboration community. It's our goal to partner with industry experts and provides ontologies which learn from, build on, and/or use industry standards, meet the needs of developers, and are adopted by the industry.
Pieter Van Schalkwyk
For me, there are three key reasons why organizations should join the Digital Twin Consortium. The first one is having access to the greatest minds. And not just academics and analysts, but practitioners who actually do this and work with customers day to day. And it's a great opportunity to learn and apply. It's also a great opportunity to showcase and bring your knowledge and your thought leadership to the fore. And as a small business ourselves, it gives us an opportunity to have a voice. Not just as a small business, but as a full representative working with large organizations and collaborating with the biggest names in the industry.
Ricardo joined the Digital Twin Consortium to contribute our transportation domain expertise and use cases to the development of digital twin standardized architectures. We will take the learnings from the consortium and bring those back to our customer base to enable a broader understanding of what a digital twin is, reduce market confusion and accelerate time to market for digital twin technology.