At present, the digital economy is booming, providing a new impetus for high-quality economic development. The integrated development of digital technology and the real economy is redefining the industrial ecology and reshaping the development pattern of the digital economy. Metaverse, artificial intelligence, Internet of Things, blockchain, and digital twin will bring broad business opportunities and development space.
Among them, the digital twin is known as an important basis of “Industry 4.0”. Its popular understanding is to depict a digital twin model that is highly realistic with the help of information technology, that is, to copy the object system and data of the real world into the virtual world, to form a digital “twin” that maps the virtual and real world.
Digital twinning enables industrial value
From the development of the global digital twin market, the digital twin market is in the process of vigorous development. The Ministry of Science and Technology listed it as one of the ten key technologies to promote; the national “14th Five-Year Plan” clearly proposed to explore the construction of digital twin cities; in April, a press conference held by the State Council Information Office revealed that the Ministry of Science and Technology has made corresponding arrangements for digital twin.
If the previous digital twin is just a hot concept, now this technology has penetrated all walks of life, into the stage from only local scenes to more scenes of in-depth development, providing greater value for all walks of life. For example, in the field of transportation, a digital twin system with independent intellectual property rights has been built, which can “monitor” the flow of people, driving paths, and other information on urban public transport.
Data show that the size of China’s digital twin market was 10.4 billion yuan in 2022, with a year-on-year growth of 35.0%, and the CAGR from 2020 to 2022 was 65.4%. With the advancement of digital transformation in various industries, the penetration rate of digital twins will also rise, promoting the growth of the domestic digital twin market size in the future. It is expected that the domestic market size will reach 37.5 billion yuan in 2025, and the CAGR will be 54.3% in 2022-2025.
The output value of China’s digital economy mainly comes from digital industrialization and industrial digitalization. In the future, the economic system including Metaverse will involve more production factors. Especially with the support of digital twin technology, the industrial Metaverse will develop rapidly, which will drive the development of the digital economy to form a new growth point.
WiMi Hologram Cloud layout multi-level simulation digital twin modeling technology
It is understood that WiMi Hologram Cloud (NASDAQ: WIMI) has pioneered the strategic layout of emerging technologies, focusing on providing high-quality digital twin development and applications for global customers. In recent years, it has strengthened the construction of digital infrastructure, successfully promoted the deep integration of the digital economy and the real economy, and made Metaverse and digital twin applications deeper, wider, and stronger, providing digital twin solutions and services for vertical industries for global enterprises and efficient customers, and promoting many business innovation achievements in subdivided fields.
Digital twin technology is of great significance to enterprises. Digital twin technology is the base of Metaverse, and also the technical base for creating the “second world” in science fiction movies. In terms of technology realization, technological innovation is the core driving force, which is the area that WiMi Hologram Cloud pays great attention to. Based on 5G + AI + AR, including Metaverse technologies such as edge computing, WiMi Hologram Cloud will greatly enhance Metaverse content with the support of core technologies. At the same time, it will improve the services of many digital twin applications, give full play to the role of digital technology in the amplification, superposition, and multiplication of economic development, open a new era of digital creativity, realize the experience and interaction of Metaverse beyond reality, and provide strong support and guarantee for digital development.
Specifically, public information shows that WiMi Hologram Cloud’s research and development team is studying multi-scale and multi-scene digital twin modeling as a technology that comprehensively applies multi-scale and multi-scene data, aiming to build a highly realistic, reliable, and comprehensive digital twin model. As the name suggests, multi-scale and multi-scene digital twin modeling technology is committed to the fusion and integration of data from different sources and types, including sensor data, experimental data, simulated data, etc. By integrating the information from different data sources, the credibility and prediction performance of the model can be improved.
WiMi Hologram Cloud The multi-scale and multi-scene digital twin modeling technology developed realizes more comprehensive and accurate system modeling and simulation by integrating the data of different scales and scenarios, providing a comprehensive and reliable method to simulate and optimize the real system, and promoting the implementation of digital transformation. Multi-scale and multi-scene digital twin modeling technology has a wide range of application fields and plays an important role in many fields. In the future, it can be applied to smart cities, intelligent manufacturing, medical research, and many other fields. Through accurate modeling and simulation, it can provide better decision support and problem solutions for these fields.
To sum up
On the whole, in the current development stage of emphasizing technological independence and digital economy in various industrial fields in China, digital twin technology will strongly promote the process of digital industrialization and industrial digitalization, and accelerate the realization of the national strategy of digital economy. Some enterprises have injected new vitality into the real economy through deep technology integration and promoted the upgrading and innovative development of new industries. In the future, we can look forward to more innovative business models and application scenarios to bring more benefits and opportunities to society.
