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Digital Twins: Driving unprecedented
efficiencies in Industry 4.0
By Sunil Mathur, MD and CEO, Siemens India
With time to market for a new product or
process spiralling down to half, the cost of
development reducing to a mere fraction,
production systems getting 30% speedier
and 25% more efficient, and downtimes
almost tending towards zero, it may seem
like any manufacturer's dream come true.
Only, it isn't wishful thinking. It's the new
norm in Industry 4.0 made possible by the
revolutionary practice of digital twinning.
India gearing up for change and the
digital relevance
For India, the next decade of
manufacturing will focus on adopting
cognitive solutions that infuse intelligence
into all processes- from a factory's floor to
the finished product. The thrust is upon
the manufacturing sector to grow its
contribution from 15% to 25% of the
country's GDP. SMEs in India, which
have a share of 40% in the industrial
production and employ close to 36 million
people, can play a defining role in
Industry 4.0.
One can maximize the potential with
Digitalisation to enhance efficiency to
fight scale, reduce the cost of production,
minimise manufacturing defects, and
shorten production time. Leveraging the
full might of cutting-edge digital
technologies, digital twins virtually mimic
plant and factory products and processes.
Also Read: Why implementing Industry
4.0 is becoming an imperative
In the product development cycle,
manufacturers can virtually design,
develop and test products with a high
degree of precision, satisfying all
parameters that matter. It's like a dry run