Dec 13, 2024, 8:19 AM
Dec 13, 2024, 8:19 AM

DataMesh named a top vendor in Gartner's latest tech report

Highlights
  • DataMesh has been recognized as a Sample Vendor in the 2024 Gartner Emerging Tech Impact Radar reports for Intelligent Simulation and Spatial-Based Digital Twins.
  • According to Gartner, the market for simulation digital twin-enabling software is projected to reach $379 billion globally by 2034.
  • This recognition highlights DataMesh's commitment to enhancing operational efficiencies through innovative technologies in the industrial metaverse.
Story

On December 13, 2024, DataMesh, a technology firm based in Singapore, announced its recognition as a Sample Vendor in the 2024 Gartner Emerging Tech Impact Radar reports. Specifically, DataMesh was acknowledged in two categories: Intelligent Simulation and Spatial-Based Digital Twins. This recognition underscores the company's contributions and leadership in developing digital twin technology and its application within the industrial metaverse. The reports highlight the rising importance of simulation data, predicting that by 2030, it will underpin 20% of strategic business decisions—an increase from just 1% in 2024. The findings regarding simulation digital twins emphasize their application in various industries, particularly those that are asset-intensive, such as oil and gas, mining, and manufacturing. DataMesh maintains that spatial-based digital twins can enhance operational improvements and optimize workflows through spatial insights. This aligns with Gartner's observations that the market for simulation digital twin-enabling software and services is expected to grow significantly, reaching a global revenue of $379 billion by 2034, up from $35 billion in 2024. Jie Li, CEO of DataMesh, expressed pride in the company's recognition, indicating that it reflects DataMesh's mission to empower businesses through technology. The tools provided by DataMesh, which incorporate Digital Twin, Spatial Computing, and AI capabilities, aim to improve decision-making processes for businesses and frontline workers alike. The reports from Gartner suggest a clear trajectory for the future of intelligent simulation and digital twin technology as essential resources for organizations aiming to enhance efficiency and operational capacity. DataMesh's ongoing commitment to innovation in the metaverse and their long-term strategies appear to align well with industry trends towards data-driven decision-making. By partnering with over 500 customers across various sectors, the company is strategically positioned at the forefront of the industry. Their focus on enhancing training, monitoring, and simulation capabilities establishes them as a significant player in optimizing workflows and operational results.

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