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production lines. By familiarising This saves time and lays the groundwork
themselves with the application of digital
twins, both SMEs and large organisations
can integrate their engineering and
operations functions and realise these time
and cost efficiencies.
Also Read:What jobs is India's digital
revolution generating?
Industries and verticals looking to the
future with digital twins
Today digital twins serve a wide range of
industry sectors including automotive,
food and beverages, pharmaceuticals,
power utilities, transportation & logistics,
aerospace & defence, and data centres, to
name a few.
For example, the shop floor of a
pharmaceutical company works with
high-end machines that need the highest
level of precision and functionality for
optimal performance. There is almost no
room for error here. A digital factory
representing this entire process of drug
manufacturing would provide a plethora
of vital information about the current
performance levels of these machines, and
help predict errors and failures in advance,
thereby saving the huge cost of having to
deal with a fault unprepared.
for customised mass production, since
even highly complex production routes
can be calculated, tested, and programmed
with minimal cost and effort in a short
span of time, helping manufacturers meet
their customers' requirements.
Harnessing the power of digital twin
technology, SMEs in India can ramp up,
upgrade and adopt new designs and
components much faster to stay aligned
with the needs of OEMs. To realise this
value, India will need to build an
ecosystem of tier 1, tier 2, and tier 3
suppliers that bring a high level of
efficiency, flexibility and quality focus to
the table.
While IDC's earlier prediction seems to
have come true that by 2018, companies
who invest in digital twin technology will
see a 30% improvement in cycle times of
critical processes, it primarily is the
adoption rate of this technology that will
determine if this can have a cascading
effect on industries and the economy in
general. With the benefits of adoption far
outweighing the risks and consequences
of living without it, it is only a matter of
time before its use is implemented across
functions and verticals in businesses.