AI and Digital Platforms Redefine Capital Use

Q1. Could you start by giving us a brief overview of your professional background, particularly focusing on your expertise in the industry?

With a strong academic foundation in Mechanical Engineering and Business Administration from RWTH Aachen, and a PhD in mechanical engineering with a focus on digital transformation, I bring a unique blend of technical and strategic expertise.

I previously led a department at the Fraunhofer Institute for Production Technology, overseeing digital transformation initiatives with a team of over 20 people. Currently, I serve as a Director in a global IT technology group, where I drive large-scale digital transformation programs across various domains, including digital continuity, PLM, business processes, and target operating models.

Q2. What is the projected growth trajectory of the AI-powered simulation and digital twins market through 2030, and which industries are expected to drive this expansion?

Market Growth Projections

Multiple industry reports predict rapid expansion:

• A 360iResearch study estimates that the AI-powered digital twins market will grow from $26 billion in 2024 to $142 billion by 2030, at a CAGR of ~32.5%
• Grand View Research forecasts the broader digital twin market to rise from about $25 billion in 2024 to $156 billion by 2030, at a CAGR…