Latest News | Nasscom Report Highlights Two-fold Growth in Virtual Twin Tech Post Pandemic

Bengaluru, Jun 17 (PTI) The Dassault Systemes and Nasscom report on the adoption and impact of virtual twin technology reveals a two-fold increase in virtual twin implementations post the 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.

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"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," said Sangeeta Gupta, senior vice-president and chief strategy officer at Nasscom.

According to her, the report identified that by overcoming hurdles in software procurement, enhancing top-level commitment and ecosystem synergies, the IT sector can unlock groundbreaking innovations, driving industries toward a more efficient and digitally integrated future.

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"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 N G Deepak, managing director, India, Dassault Systemes.

The report, released on June 17, 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 USD 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.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)