The global digital twin market, valued at $3 billion in 2020, is projected to soar to approximately $73.5 billion by 2027. One of the most innovative concepts emerging from digital twins is the Digital Twin of an Organization (DTO). Gartner’s Market Guide for DTOs provides comprehensive insights into how these virtual models can revolutionize business operations.
A Digital Twin of an Organization (DTO) is a virtual replica of an organization’s processes, products, or services. It includes data on previous performance, business goals, business models, business processes, performance KPI indicators with target levels, and detailed transaction-level situational process analysis. DTOs are designed to simulate and analyze an organization’s operations in a virtual environment, allowing businesses to address potential issues before they occur in real life.
DTOs are designed to simulate and analyze an organization’s operations in a virtual environment, allowing businesses to address potential issues before they occur in real life.
Enhanced Coordination: DTOs provide a digital representation of employees, processes, data, and assets, which helps improve coordination among team members.
Identification of Inefficiencies: By simulating the organization’s operations, DTOs can identify inefficiencies or weaknesses that need to be addressed.
Training Platform: DTOs serve as a platform for training employees on work operations and new practices in a risk-free virtual environment.
Predictive Analysis: DTOs enable predictive analyses about the outcomes of changes in processes, products, or services, helping businesses make informed decisions.
Risk and Cost Assessment: They allow for the assessment of risks and costs associated with adopting new processes or leveraging new technologies.
Continuous Improvement: DTOs require consistent updates about the organization’s functioning, which promotes continuous improvement and optimization of performance.
These benefits collectively help organizations operate more efficiently, innovate faster, and stay competitive in their respective markets.
DTO solutions focus on holistic, organization-wide simulations, while process mining and task mining use different data sets to understand current processes. Despite their differences, these fields overlap and are still evolving.
Gartner’s Market Guide for DTOs delves into the practical applications and strategic benefits of implementing DTOs in your organization. Download your copy today to stay ahead in the rapidly evolving digital landscape.
Link to the DTO Market Guide: Click here
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