Nvidia Corporation (NVDA) announced a partnership with Hexagon (HEXA) to bring digital twin technology to industrial settings. Digital twins are digital models that replicate a physical asset and allow for the real-time monitoring and analysis of its performance. The technology has the potential to revolutionize industrial processes by providing manufacturers with insight into the health and performance of their assets, allowing them to identify potential problems and make more informed operational decisions.

As part of the partnership, Nvidia will be providing its AI and deep learning technologies to empower Hexagon’s APEX platform. The platform will allow manufacturers to visualize, monitor, and analyze the performance of their industrial assets in real time. With the AI capabilities from Nvidia, the system will be able to provide detailed insights like dynamic digital twins, predictive analytics, and performance optimization recommendations. By leveraging the vast amounts of data collected, Hexagon will be able to provide meaningful, actionable insights for industrial customers.

The partnership between Nvidia and Hexagon is a major step forward in the industrial digital twin market. While digital twins have been available in some consumer applications, this marks the first time that the technology has been adapted for industrial use. With its powerful AI and deep learning capabilities, Nvidia will enable Hexagon to bring digital twins to industrial settings in ways that have never before been possible.

The partnership holds significant potential for the industrial market. By leveraging the power of digital twins, manufacturers will be able to better understand the performance of their assets and make well-informed decisions. This could potentially lead to immediate improvement in operational performance as well as greater efficiency and cost savings over time.

In the wake of the partnership, both Hexagon and Nvidia executives have expressed confidence in digital twin technology and the potential it holds for the industrial market. With both Nvidia’s AI and deep learning capabilities and Hexagon’s expertise in the area of industrial assets management, the two companies are well-positioned to revolutionize the industry.