Latest news with #DigitalTwin
Time Business News
5 days ago
- Health
- Time Business News
Digital Twins Transform Healthcare with Predictive Precision
A digital twin in healthcare is essentially a virtual copy of a person, an organ, or even a biological system. It uses real-time health information to mimic and predict potential health outcomes. Improved simulation techniques, increasing demand for personalized medicine, cost reductions associated with faulty equipment, improved operational efficiency, adoption of advanced technologies, increased support from the government is boosting the healthcare digital twin As a result, healthcare digital twin enables predictive analytics, improved clinical decision making, enhanced medical training, remote patient monitoring, and disease modeling and epidemic management, further contributing in the market diversification. Key Growth Drivers and Opportunities Demand for Personalized Medicine: The growing demand for personalized medicine is driving its broader adoption in the market. This is slowly guiding healthcare towards a genuinely individualized approach, moving away from the old 'one-size-fits-all' way of doing things. Much of this change is thanks to digital twins, which allow for the creation of virtual replicas of patients. These replicas then make it possible to design treatment plans specifically tailored to each person's unique data. As a result, we're seeing more precise diagnoses, treatment strategies that are finely tuned for each individual, and ultimately, better outcomes for patients. Due to this, companies are launching products for the personalized medicine and care of patients. Challenges Given the sensitive nature of patient data raises privacy and security issues for the healthcare digital twin business. Inadequate data standardization can lead to inconsistent models and inaccurate predictions. Data flow is impeded by integration issues with current healthcare systems. Moreover, system efficiency may be impacted by the difficulty of handling massive amounts of real-time data. Innovation and Expansion LG Innotek Teams with Ansys to Scale AI-Powered Digital Twins In August 2024, LG Innotek, announced that it would partner with Ansys, the world's top engineering simulation company, to expand the application of 'Digital Twin' technology to all its processes with the help of Artificial Intelligence (AI), and Machine Learning (ML). In collaboration with Ansys, LG Innotek conducted a trial application of its 'Digital Twin' technology to some development and production processes and had achieved tangible results. The company planned to utilize 'Digital Twin' in the development and production of its entire product range, including autonomous driving components and sensing devices. Dassault Systèmes Uses Digital Twin to Visualize Virus Spread in Hospitals In February 2025, Dassault Systèmes, announced its collaboration with the Saint-Louis Hospital AP-HP on an airflow simulation and augmented reality experience to better understand the respiratory transmission of viruses and optimize patient care. Dassault Systèmes created a unique learning experience featuring a digital twin of the hospital's dialysis unit that enabled physicians and nurses to see exactly how virus particles could circulate through the air, and understand the roles of ventilation and masks. Innovating Healthcare Domian The prominent players in the market are adopting strategies, such as focusing on personalized medicine, remote patient monitoring, predictive analytics, and drug development simulations for driving market expansion. The companies operating in the market are Merck KGaA, Atos SE, Siemens, Dassault Systèmes, GE Healthcare, and others. About Author: Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business. TIME BUSINESS NEWS
Business Times
04-07-2025
- Business
- Business Times
A*Star, Siemens launch manufacturing R&D collaboration in Asean
[Singapore] The Agency for Science, Technology and Research (A*Star) and German industrial manufacturer Siemens signed a memorandum of understanding (MOU) on Friday (Jul 4) to jointly develop smart and sustainable manufacturing solutions for companies in Singapore and the broader Asean region. The collaboration seeks to address key industrial challenges by enabling faster access to advanced artificial intelligence (AI) and automation expertise, while promoting manufacturing processes that align with international sustainability standards. A key component of the partnership is the Smart and Sustainable Advanced Manufacturing (SSAM) Catalyst, an innovation sandbox hosted at A*Star's Advanced Remanufacturing and Technology Centre (ARTC). Siemens is the first technology partner to join the SSAM Catalyst, contributing a portfolio of automation, electrification, industrial software and AI solutions. These capabilities span the entire product lifecycle – from design and engineering to manufacturing and operations – offering manufacturers a platform to test and refine technologies in sectors such as aerospace, fast-moving consumer goods, biomedical and semiconductor equipment manufacturing. The ARTC seeks to establish an innovation ecosystem involving technology providers, solution integrators, and end-users to jointly develop solutions for practical application. Leveraging its capabilities in manufacturing processes, smart manufacturing, sustainability analytics, precision imaging and autonomous systems, it provides support to companies looking to adapt their operations amid changing industry conditions. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up Paving the way for more sustainable manufacturing Beyond the SSAM Catalyst, A*Star's Institute of Sustainability for Chemicals, Energy and Environment and Siemens are collaborating on research projects targeting decarbonisation in the chemicals and energy sectors. The collaboration also involves exploring the use of Siemens' Digital Twin technology, which allows chemical engineers to simulate and optimise chemical processes and design production facilities. This technology aims to support better integration of engineering and operations in manufacturing plants, potentially helping companies manage plant design complexity and shorten construction schedules. 'Together with Siemens, we are developing solutions that will accelerate digital transformation and support decarbonisation efforts across the region. This multi-faceted collaboration looks to strengthen Singapore's position as a regional hub for smart and sustainable manufacturing in Asean,' said Professor Lim Keng Hui, assistant chief executive of A*Star's science and engineering research council.
Business Standard
26-06-2025
- Business
- Business Standard
Digital Twins: Bridging the Gap Between Virtual Models and Real-World Assets
PNN Pune (Maharashtra) [India], June 26: In the dynamic world of construction and infrastructure development, the fusion of Building Information Modelling (BIM) and Digital Twin technology is setting new benchmarks for project efficiency, sustainability, and operational excellence. As the construction industry embraces smart, data-driven approaches, Digital Twins are rapidly becoming indispensable tools for companies aiming to improve their asset management strategies and overall project delivery. The integration of Digital Twins with AI-powered BIM tools transforms traditional project management into an intelligent, real-time process that enhances the entire BIM lifecycle management, from initial design to ongoing operations and maintenance. A Digital Twin represents a living, virtual replica of a physical asset created using 3D BIM modelling. Unlike static models, these twins are continuously updated with real-time data from IoT devices, sensors, and cloud-based BIM platforms, providing an accurate digital reflection of the building or infrastructure in operation. This synchronization unlocks new dimensions for construction management, enabling stakeholders to simulate scenarios, predict outcomes, and optimize decision-making at every stage of the project. The technology creates a dynamic bridge between the physical and digital worlds, allowing for unprecedented visibility into asset performance and behaviour. One of the greatest strengths of BIM-driven Digital Twins is real-time monitoring capabilities. By leveraging BIM data analytics, facility managers and engineers can track the performance of critical building systems such as HVAC, electrical, and plumbing networks. This continuous visibility enables early detection of inefficiencies, optimizing resource utilization and enhancing sustainability efforts by reducing energy consumption and operational waste. For instance, a commercial high-rise built using BIM software solutions integrated with a Digital Twin can provide actionable insights on energy flows, occupancy patterns, and maintenance needs, significantly boosting facility management performance. The era of reactive repairs is rapidly becoming obsolete as predictive maintenance powered by Digital Twins emerges as a cost-saving game changer. With BIM cost estimation and predictive maintenance capabilities, organizations can anticipate system failures or component wear-and-tear well in advance. This proactive approach not only prevents costly downtimes but also prolongs asset life cycles, ensuring better BIM lifecycle management. Construction firms employing 4D and 5D BIM simulations alongside Digital Twins can optimize maintenance schedules, reduce unplanned disruptions, and improve overall building safety through data-driven insights and predictive analytics. BIM collaboration platforms enable project teams--including architects, contractors, and facility operators--to access the Digital Twin anytime via cloud-based BIM services. This shared environment promotes seamless communication and coordination, minimizing errors and accelerating decision-making from design to post-construction operations. The collaborative nature of these platforms ensures that all stakeholders have access to the same real-time information, creating a unified approach to project management. Moreover, AR/VR integrated BIM solutions are elevating stakeholder engagement by providing immersive visualization experiences during design validation and client presentations, making complex technical information more accessible and understandable. Looking beyond individual buildings, Digital Twins are becoming instrumental in developing smart cities and infrastructure networks. Governments and urban planners are adopting BIM for infrastructure projects to model entire transportation networks, utilities, and public services, creating more resilient and sustainable urban environments. This capability aligns perfectly with BIM for green building design, helping achieve global environmental standards while reducing carbon footprints. The scalability of Digital Twin technology allows for comprehensive urban planning that considers the interconnected nature of city systems, from traffic flow optimization to energy grid management. The future of construction and infrastructure development increasingly relies on AI-powered BIM services that leverage Digital Twin technology. These solutions deliver tailored approaches for BIM automation, prefabrication, and modular construction, ensuring clients benefit from streamlined workflows and real-time intelligence. Whether organizations need BIM for regulatory compliance, clash detection solutions, or integration with IoT for smart building management, comprehensive support systems are designed to maximize project ROI and efficiency. The integration of artificial intelligence with Digital Twin technology creates opportunities for autonomous decision-making processes that can respond to changing conditions in real-time, further enhancing the value proposition of these advanced systems. As the construction industry continues to evolve, Digital Twins represent more than just technological advancement--they embody a fundamental shift toward intelligent, responsive, and sustainable building practices. The convergence of BIM technology with real-time data analytics creates unprecedented opportunities for optimization, efficiency, and innovation across the entire construction lifecycle. Organizations that embrace this technology today position themselves at the forefront of an industry transformation that promises to redefine how we design, build, and manage the built environment for decades to come. About Author - Vijay Gupta, MD & CEO, Softtech Engineers: Mr. Vijay Gupta, an IIT Mumbai alumnus, is the Founder, Chairman and Managing Director of SoftTech Engineers Limited. He holds an M. Tech degree from IIT Mumbai. Vijay strongly believes that technology has to be leveraged extensively to bring speed, efficiency and transparency in the AEC (Architecture, Engineering & Construction) industry for private as well as public sector organizations. He has a rich experience of about 35 years in the development of cutting-edge BIM/ CAD/ CAE /Project Management Enterprise Software in the AEC domain. About Softtech Engineers: A leading IT company ( facilitating business and technology transformation across the AEC industry through innovative software products and solutions. The company proudly supports over 1300 organizations and serves a user base of more than 400,000 individuals. Notably, SoftTech's solutions have facilitated the approval of over 2 million building permits, encompassing a staggering area exceeding 30 billion square feet. Website:
Yahoo
19-06-2025
- Business
- Yahoo
Potawatomi Federal Solutions and UltiSim Inc. create new joint venture to bring powerful AI Digital Twin Capability to US Department of Defense
Innovation in low-cost 3D AI-driven digital twin capability for systems engineering, training, and operational insight can now be acquired through PBDC-FG, a sole source American Indian Tribal (AIT) government contractor. ORLANDO, Fla., June 18, 2025--(BUSINESS WIRE)--TSIS 2025 -- UltiSim, a trailblazer in AI-driven, low-cost Digital Twin Technologies, is partnering with the Potawatomi Business Development Corp Federal Group (PBDC) to speed the delivery of mission-critical digital twin capabilities for US Department of Defense aircraft, naval vessels, vehicles, and systems. Cutting-Edge Technology and a Proven Track Record UltiSim is a recognized industry leader in creating immersive, interactive environments for training, education, and research. Their work with digital twins began well before the term was coined by NASA in 2010 — the UltiSim team had already been building data-driven digital twin systems for training and operations for nearly a decade. Potawatomi Federal President Greg Kolean stated, "Across our extensive portfolio of contracts supporting defense and government, we see a rapidly growing need for digital twin capability, coupled with a desire for affordable delivery and a sustainable and extensible software architecture. Our research showed UltiSim as the best candidate to meet all these requirements for our customers." Kolean's interest was piqued by UltiSim's 688 attack submarine digital twin, noting, "We were intrigued by the speed and lightweight delivery method of this comprehensive engineering solution, and its operational implications for the Navy." AI-driven affordability UltiSim's CEO and Founder, Richard Boyd, stated, "The combination of AI, simulation, and digital twin technologies is making systems engineering, training, and complex computational modeling more accessible and affordable than ever before." Boyd further explained that UltiSim began this journey by designing the Pentagon's virtual world framework, and is now using AI and other analytical tools to create accessible and affordable systems engineering digital twins for the military. The direct contract access, in partnership with Potawatomi, will greatly benefit both warfighters and taxpayers seeking greater efficiency in government spending on advanced technologies. This unique partnership will deliver advanced, cutting-edge technology solutions that are also affordable, transforming how enterprises approach system modeling, predictive analytics, and strategic decision-making through intelligent, cost-effective digital representations. About UltiSim The Digital Twin Command Center platform is proudly created by UltiSim, a company powered by a unique combination of leading-edge gaming technology, simulation learning and artificial intelligence expertise. Based in Chapel Hill, North Carolina, UltiSim was founded by pioneers in computer gaming, building fully immersive 3D simulation experiences that educate, entertain and solve real-world problems. UltiSim includes architects of the Virtual World Framework for the Pentagon, a key differentiator in lower cost and increasing accessibility for 3D Digital Twin capabilities. Follow UltiSim at LinkedIn and UltiSimTeam on Facebook, Instagram and Twitter. Learn more at Editorial Contact: About Potawatomi Business Development Corp Federal Group The Potawatomi Business Development Corporation (PBDC) was established in 2002 as the economic development and income diversification business of the Forest County Potawatomi Community (FCPC). Headquartered in Milwaukee, Wisconsin, their subsidiary companies and investments provide financial diversification for their shareholders and investment partners. They grow with a clear focus on profitability and sustainable economic development. Learn more at or contact us at Editorial Contact: View source version on Contacts UltiSim: Potawatomi Business Development Corp Federal Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
18-06-2025
- Business
- Associated Press
Potawatomi Federal Solutions and UltiSim Inc. create new joint venture to bring powerful AI Digital Twin Capability to US Department of Defense
ORLANDO, Fla.--(BUSINESS WIRE)--Jun 18, 2025-- TSIS 2025 -- UltiSim, a trailblazer in AI-driven, low-cost Digital Twin Technologies, is partnering with the Potawatomi Business Development Corp Federal Group (PBDC) to speed the delivery of mission-critical digital twin capabilities for US Department of Defense aircraft, naval vessels, vehicles, and systems. Cutting-Edge Technology and a Proven Track Record UltiSim is a recognized industry leader in creating immersive, interactive environments for training, education, and research. Their work with digital twins began well before the term was coined by NASA in 2010 — the UltiSim team had already been building data-driven digital twin systems for training and operations for nearly a decade. Potawatomi Federal President Greg Kolean stated, 'Across our extensive portfolio of contracts supporting defense and government, we see a rapidly growing need for digital twin capability, coupled with a desire for affordable delivery and a sustainable and extensible software architecture. Our research showed UltiSim as the best candidate to meet all these requirements for our customers.' Kolean's interest was piqued by UltiSim's 688 attack submarine digital twin, noting, 'We were intrigued by the speed and lightweight delivery method of this comprehensive engineering solution, and its operational implications for the Navy.' AI-driven affordability UltiSim's CEO and Founder, Richard Boyd, stated, 'The combination of AI, simulation, and digital twin technologies is making systems engineering, training, and complex computational modeling more accessible and affordable than ever before.' Boyd further explained that UltiSim began this journey by designing the Pentagon's virtual world framework, and is now using AI and other analytical tools to create accessible and affordable systems engineering digital twins for the military. The direct contract access, in partnership with Potawatomi, will greatly benefit both warfighters and taxpayers seeking greater efficiency in government spending on advanced technologies. This unique partnership will deliver advanced, cutting-edge technology solutions that are also affordable, transforming how enterprises approach system modeling, predictive analytics, and strategic decision-making through intelligent, cost-effective digital representations. About UltiSim The Digital Twin Command Center platform is proudly created by UltiSim, a company powered by a unique combination of leading-edge gaming technology, simulation learning and artificial intelligence expertise. Based in Chapel Hill, North Carolina, UltiSim was founded by pioneers in computer gaming, building fully immersive 3D simulation experiences that educate, entertain and solve real-world problems. UltiSim includes architects of the Virtual World Framework for the Pentagon, a key differentiator in lower cost and increasing accessibility for 3D Digital Twin capabilities. Follow UltiSim at LinkedIn and UltiSimTeam on Facebook, Instagram and Twitter. Learn more at Editorial Contact: [email protected] About Potawatomi Business Development Corp Federal Group The Potawatomi Business Development Corporation (PBDC) was established in 2002 as the economic development and income diversification business of the Forest County Potawatomi Community (FCPC). Headquartered in Milwaukee, Wisconsin, their subsidiary companies and investments provide financial diversification for their shareholders and investment partners. They grow with a clear focus on profitability and sustainable economic development. Learn more at or contact us at Editorial Contact: [email protected] View source version on CONTACT: UltiSim: [email protected] Business Development Corp Federal Group [email protected] KEYWORD: UNITED STATES NORTH AMERICA FLORIDA INDUSTRY KEYWORD: OTHER DEFENSE CONTRACTS DATA MANAGEMENT GOVERNMENT TECHNOLOGY TECHNOLOGY FOOD TECH PROFESSIONAL SERVICES OTHER ENTERTAINMENT DEFENSE ARTIFICIAL INTELLIGENCE METAVERSE ELECTRONIC GAMES SOFTWARE ENTERTAINMENT DATA ANALYTICS INTERNET SOURCE: UltiSim Inc. Copyright Business Wire 2025. PUB: 06/18/2025 05:57 PM/DISC: 06/18/2025 05:56 PM
