top of page

Virtual twin technology impact report from Dassault Systèmes and NASSCOM highlights 2x growth in virtual twin adoption in India

  • 90% of the enterprises surveyed are aware of digital and virtual twins

  • 45% of virtual twin deployments take nearly 12-24 months at each level, indicating the time-intensive technology discovery-to-production cycle with each new virtual twin implementation

  • 33% of the virtual twin initiatives in life sciences are driven by top leadership (CXOs), compared to just 22% on average

  • 3X more life sciences companies indicate dependence on downstream companies’ virtual twin adoption for their own virtual twin impact


Virtual twin technology impact report from Dassault Systèmes and NASSCOM highlights 2x growth in virtual twin adoption in India

Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) and NASSCOM today released a report on the adoption and impact of virtual twin technology.  The report reveals a twofold increase in virtual twin implementations post-pandemic. 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.

 

Here are the key findings for India

 

Digital and Process Maturity 

  • 57% of Indian enterprises allocate less than 30% of technology spending to digital spend

  • Over 50% of the enterprises also indicate patchy digitalisation, with only the key functions digitalised, but in silos, thereby limiting effective ROI realisation

  • Less than 1-in-5 companies have put in place advanced process automation; the majority have implemented Retrofitted Process Automation (RPA)

 

Virtual Twin Budgets and Scale 

  • 25% of the companies do not have formal budgets for virtual twins

  • 80% of the companies have less than 7% of tech spend allocated to virtual twin adoption

  • 63% of Indian companies deploy virtual twins at the product or process level. 40% of those companies are at the product level in using virtual twins, 23% at the process level. Precision in product-market fit came as one of the top three objectives for implementing virtual twins.

 

Deployment Time

  • 75% of virtual twin implementations in India take between 12-24 months of deployment time at each level of product, process, or system virtual twin

 

Primary Business Objectives

  • Precision in product market fit

  • Manufacturing process efficiencies

  • Remote maintenance and worker safety

 

Supplier Strategy 

  • 75% of Indian enterprises cite supplier selection as a major challenge

  • 50% are evaluating suppliers

 

Tech Readiness 

  • 70% of Indian firms indicate that across software, IT-OT hardware, and connectivity tech, they are still in the PoC/pilot stages

  • Analytics and AI/ML applications are some of the least productionised, after high-definition 3D software and other specialist applications

  • 67% of enterprises seek either best-of-breed software packages or partner with large managed service providers for their virtual twin applications

 

This report is based on a survey of 130 companies in India as well as across Europe and APAC, focusing on large and mid-sized enterprises with annual recurring revenue (ARR) of $500 million and above. The survey spans four major industry segments: continuous manufacturing, discrete manufacturing, public infrastructure and smart cities, and life sciences and healthcare.

 

“Virtual twin technology is poised at the brink of transformative potential, marked by a sharp increase in awareness and early adoptions since the pandemic. Although full-scale implementations and dedicated budgets remain limited, the focus on optimising assets and processes opens up expansive opportunities. 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,” said Sangeeta Gupta, Senior Vice President & Chief Strategy Officer at NASSCOM.

 

“With our latest report on virtual twin technology impact and adoption in collaboration with NASSCOM, we are encouraged by the significant growth in adoption and the emergence of industry-specific use cases. Our report underscores the imperative for organisations to secure top leadership commitment and navigate software procurement challenges to achieve production-grade capabilities. We remain committed to empowering businesses in their journey towards enhanced performance and operational efficiency through virtual twin technology, driving sustainable growth and innovation across industries,” said Deepak NG, Managing Director, India, Dassault Systèmes.


Reach out to us at PR Desk 

Read more on our Partner sites: Dais World | The Progress Catalyst

Get rewarded for your reading habits on the Dais World app


Comments


bottom of page