Dassault, nasscom Herald Dawn of India’s Virtual Twin Age

Bengaluru, India – Dassault Systèmes and nasscom released a report on the adoption and impact of virtual twin technology. The report reveals a two-fold increase in virtual twin implementations post-pandemic. Virtual twin adoption in India could play a crucial role in accelerating the design-to-realization process, helping organizations achieve their sustainability and circularity goals across the value chain.

A staggering 90 percent of the enterprises surveyed are aware of digital and virtual twins. 45 percent 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 percent of the virtual twin initiatives in life sciences are driven by top leadership (CXOs), compared to just 22 percent on average. Moreover, 3X more life sciences companies indicate dependence on downstream companies’ virtual twin adoption for their own virtual twin impact.

Here are the key findings for India:

Digital and Process Maturity

57 percent of Indian enterprises allocate less than 30 percent of technology spending to digital spend
Over 50 percent of the enterprises also indicate patchy digitalization, with only the key functions digitalized, but in silos, thereby limiting effective ROI realization
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 percent of the companies do not have formal budgets for virtual twins
80 percent of the companies have less than 7 percent of tech spend allocated to virtual twin adoption
63 percent of Indian companies deploy virtual twins at the product or process level. 40 percent of those companies are at the product level in using virtual twins, and 23 percent are at the process level. Precision in product-market fit came as one of the top three objectives for implementing virtual twins.

Deployment Time

75 percent 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 percent of Indian enterprises cite supplier selection as a major challenge
50 percent are evaluating suppliers

Tech Readiness

70 percent 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 productionized, after high-definition 3D software and other specialist applications
67 percent 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 US$ 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.

Emphasizing that virtual twin technology is poised at the brink of transformative potential, marked by a sharp increase in awareness and early adoptions since the pandemic, Sangeeta Gupta, Senior Vice President & Chief Strategy Officer, nasscom, stated, “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, commented, “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.”

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