Dassault Systèmes and NASSCOM have unveiled a comprehensive report on the adoption and impact of virtual twin technology in India. The findings show a remarkable twofold increase in virtual twin implementations post-pandemic. The report emphasizes the crucial role virtual twin adoption could play in accelerating the design-to-realization process, aiding organizations in achieving their sustainability and circularity goals throughout the value chain.
Key Findings for India:
Digital and Process Maturity:
- 57% of Indian enterprises allocate less than 30% of their technology spending to digital initiatives.
- Over 50% of enterprises report fragmented digitalization, with key functions digitalized in silos, limiting effective ROI realization.
- Less than 20% of companies have implemented advanced process automation, with the majority relying on Retrofitted Process Automation (RPA).
Virtual Twin Budgets and Scale:
- 25% of companies lack formal budgets for virtual twins.
- 80% of companies allocate less than 7% of their tech spend to virtual twin adoption.
- 63% of Indian companies deploy virtual twins at the product or process level, with 40% focusing on products and 23% on processes. Precision in product-market fit emerged as a top objective.
Deployment Time:
- 75% of virtual twin implementations in India take between 12 to 24 months 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 currently evaluating suppliers.
Tech Readiness:
- 70% of Indian firms are still in the PoC/pilot stages across software, IT-OT hardware, and connectivity technologies.
- Analytics and AI/ML applications are among the least productionized, following high-definition 3D software and other specialist applications.
- 67% of enterprises seek best-of-breed software packages or partner with large managed service providers for their virtual twin applications.
The report is based on a survey of 130 companies across India, Europe, and APAC, focusing on large and mid-sized enterprises with annual recurring revenue (ARR) of $500 million and above. The survey covers four major industry segments: continuous manufacturing, discrete manufacturing, public infrastructure and smart cities, and life sciences and healthcare.
Sangeeta Gupta, Senior Vice President & Chief Strategy Officer at NASSCOM, commented, “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 optimizing 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.”
Deepak NG, Managing Director, India, Dassault Systèmes, added, “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 organizations 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.”
The findings of this report highlight the growing importance of virtual twin technology in India, providing a roadmap for organizations to harness its potential for sustainable growth and operational excellence.
