Virtual Twin Technology Impact Report from Dassault Systèmes and nasscom Highlights 2x Growth in Virtual Twin Adoption in India

Mumbai, 17^th June 2024: Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) and nasscom in the present day launched a report on the adoption and influence of digital twin expertise. The report reveals a twofold improve in digital twin implementations post-pandemic. Virtual twin adoption in India may play a vital position in accelerating the design-to-realization course of, serving to organizations obtain their sustainability and circularity objectives throughout the worth chain.

Here are the important thing findings for India:

Digital and Process Maturity

• 57% of Indian enterprises allocate lower than 30% of expertise spending to digital spend
• Over 50% of the enterprises additionally point out patchy digitalization, with solely the important thing features digitalized, however in silos, thereby limiting efficient ROI realization
• Less than 1-in-5 corporations have put in place superior course of automation; the bulk have carried out Retrofitted Process Automation (RPA)

Virtual Twin Budgets and Scale

• 25% of the businesses shouldn’t have formal budgets for digital twins
• 80% of the businesses have lower than 7% of tech spend allotted to digital twin adoption
• 63% of Indian corporations deploy digital twins on the product or course of degree. 40% of these corporations are on the product degree in utilizing digital twins, 23% on the course of degree. Precision in product-market match got here as one of many high three goals for implementing digital twins.

Deployment Time

• 75% of digital twin implementations in India take between 12-24 months of deployment time at every degree of product, course of, or system digital twin

Primary Business Objectives

• Precision in product market match
• Manufacturing course of efficiencies
• Remote upkeep and employee security

Supplier Strategy

• 75% of Indian enterprises cite provider choice as a significant problem
• 50% are evaluating suppliers

Tech Readiness

• 70% of Indian companies point out that throughout software program, IT-OT {hardware}, and connectivity tech, they’re nonetheless in the PoC/pilot levels
• Analytics and AI/ML functions are among the least productionized, after high-definition 3D software program and different specialist functions
• 67% of enterprises search both best-of-breed software program packages or companion with massive managed service suppliers for his or her digital twin functions

This report relies on a survey of 130 corporations in India in addition to throughout Europe and APAC, specializing in massive and mid-sized enterprises with annual recurring income (ARR) of $500 million and above. The survey spans 4 main {industry} segments: steady manufacturing, discrete manufacturing, public infrastructure and sensible cities, and life sciences and healthcare.

“Virtual twin expertise is poised on the brink of transformative potential, marked by a pointy improve in consciousness and early adoptions for the reason that pandemic. Although full-scale implementations and devoted budgets stay restricted, the give attention to optimizing belongings and processes opens up expansive alternatives. Overcoming hurdles in software program procurement, enhancing top-level dedication and ecosystem synergies can unlock groundbreaking improvements, driving industries towards a extra environment friendly and digitally built-in future,” stated Sangeeta Gupta, Senior Vice President & Chief Strategy Officer at nasscom.

“With our newest report on digital twin expertise influence and adoption in collaboration with nasscom, we’re inspired by the numerous progress in adoption and the emergence of industry-specific use instances. Our report underscores the crucial for organizations to safe high management dedication and navigate software program procurement challenges to attain production-grade capabilities. We stay dedicated to empowering companies in their journey in the direction of enhanced efficiency and operational effectivity by way of digital twin expertise, driving sustainable progress and innovation throughout industries,” stated Deepak NG, Managing Director, India, Dassault Systèmes.