City
Epaper

Indian firms fast adopting Digital Twin tech to boost transformation: Report

By IANS | Updated: June 17, 2024 14:10 IST

New Delhi, June 17 As the government doubles down on the 'Digital Twin' technology adoption, 90 per cent ...

Open in App

New Delhi, June 17 As the government doubles down on the 'Digital Twin' technology adoption, 90 per cent of the enterprises in the country are aware of digital or virtual twins that could play a crucial role in accelerating their growth journey, a report showed on Monday.

According to the report by Dassault Systemes and Nasscom, 45 per cent of 'Virtual Twin' deployments take nearly 12-24 months at each level of product, process, or system virtual twin.

The 'Virtual Twin' adoption in India could play a crucial role in accelerating the design-to-realisation process, helping organisations achieve their sustainability and circularity goals across the value chain.

In India, about 33 per cent of the virtual twin initiatives in life sciences are driven by top leadership (CXOs), compared to just 22 per cent on average

Moreover, 63 per cent of Indian companies deploy 'Virtual Twins' at the product or process level.

“Although full-scale implementations and dedicated budgets remain limited, the focus on optimising assets and processes opens up expansive opportunities,” said Sangeeta Gupta, Senior Vice President and Chief Strategy Officer at Nasscom.

Overcoming hurdles in software procurement, enhancing top-level commitment and ecosystem synergies can unlock groundbreaking innovations, driving industries toward a more efficient and digitally integrated future, she informed.

The government has also launched the 'Sangam: Digital Twin' initiative, that offers a solution by creating virtual replicas of physical assets, allowing for real-time monitoring, simulation and analysis for experimental iterations and feedback loop to adapt to the changes for achieving the best outcomes.

The Department of Telecommunication (DoT) has asked industry pioneers, startups, MSMEs, academia, innovators and forward-thinkers to pre-register and actively participate in Sangam's outreach programmes, "and explore, create, and commit to transform 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.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

EntertainmentDhurandhar 2 Worldwide Box Office Collection Day 19: Ranveer Singh’s Film Crosses Rs 1,625 Crore Globally; Check Day-Wise Earnings Report

MumbaiBombay HC Orders DNA Test of Seafarer Dixit Solanki Killed in Oman Drone Attack

BusinessMassive Youth Turnout at Bharatiya Janata Yuva Morcha Mumbai’s Bhajan Jamming Concert, Blending Culture with Spiritual Vibes

NationalState BJP chief meets former minister Narottam Mishra, discusses BJP's strategy for MP bypoll

BusinessCanara HSBC Life Insurance Launches Promise4Wealth -- A Market-Linked Savings Plan Integrating Wealth Creation, Investment Flexibility, and Life Cover up to Age 100

Technology Realted Stories

TechnologyPre-bid conference for Rs 7,280-crore rare earth manufacturing scheme conducted, 25 firms join

TechnologyBank of Baroda rolls out multilingual AI platform ‘bob SAMVAD’ across 22 languages

TechnologyLG Energy Solution turns to operating loss in Q1 amid Mideast crisis

TechnologySouth Africa sees upcoming summit as platform to bolster economic ties with India

TechnologyFood PLI scheme attracts Rs 9,207 crore investment, creates 3.29 lakh jobs