Sunday, July 14, 2024

Indian Firms Rapidly Adopting Digital Twin Technology for Transformation

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Indian enterprises are swiftly adopting Digital Twin technology to drive their transformation and growth, according to a recent report by Dassault Systemes and Nasscom. The report shows that 90% of enterprises in India are aware of Digital Twin technology, which can play a critical role in accelerating their growth.

Digital Twin technology, or virtual twins, creates digital replicas of physical assets, allowing for real-time monitoring, simulation, and analysis. This technology is becoming increasingly popular in India, with 45% of Virtual Twin deployments taking about 12-24 months at each level of product, process, or system virtual twin.

The adoption of Virtual Twin technology in India is crucial for speeding up the design-to-realisation process and helping organizations achieve sustainability and circularity goals across the value chain. Notably, about 33% of Virtual Twin initiatives in the life sciences sector are driven by top leadership (CXOs), compared to an average of 22% in other sectors. Furthermore, 63% of Indian companies deploy Virtual Twins at the product or process level.

“Although full-scale implementations and dedicated budgets remain limited, the focus on optimizing assets and processes opens up expansive opportunities,” said Sangeeta Gupta, Senior Vice President and Chief Strategy Officer at Nasscom. Gupta emphasized that overcoming hurdles in software procurement, enhancing top-level commitment, and fostering ecosystem synergies can unlock groundbreaking innovations, propelling industries toward a more efficient and digitally integrated future.

To support this technological shift, the Indian government has launched the “Sangam: Digital Twin” initiative. This initiative offers solutions by creating virtual replicas of physical assets, allowing for real-time monitoring, simulation, and analysis. This helps in experimental iterations and feedback loops to adapt to changes and achieve the best outcomes.

The Department of Telecommunication (DoT) has called on industry pioneers, startups, MSMEs, academia, innovators, and forward-thinkers to pre-register and actively participate in Sangam’s outreach programs. The goal is to explore, create, and commit to transforming the future of infrastructure planning and design.

“We are encouraged by the significant growth in adoption and the emergence of industry-specific use cases,” said Deepak NG, Managing Director, India, Dassault Systemes. This growth highlights the potential of Digital Twin technology in transforming various sectors across India, paving the way for a more efficient and digitally integrated future.

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