According to a new report from Capgemini Research Institute, 60% of companies in major industries rely on digital twins to improve operational performance.
The report, Digital Twins: Adding Intelligence to the Real World, also found that companies use digital twins to help them meet sustainability goals.
Digital twins cane the physical world, meaning they empower organizations to use their resources effectively to reduce carbon emissions, make the most of supply and transportation networks, and ensure worker safety. to improve.
Capgemini’s report also shows that digital twin adoption is expected to grow by an average of 36% over the next five years.
It points to a strong desire for digital twin technology across all major industries as organizations find ways to advance digital transformation and add Intelligence to operations in sectors such as automotive, aerospace, life sciences, and the like: Energy and utilities.
79% of companies surveyed in the report say cost-saving benefits are a key driver for their investment in digital twins, and 77% say technology advancements are theirs.
In addition, the survey found that 57% of companies agree that digital twin technology is critical to improving sustainability efforts, reflecting a growing trend of companies eager to meet their environmental and social governance goals. Achieve.
Digital twins also offer flexible ways to mitigate risk and foster greater collaboration. They present a unique opportunity to make a business more profitable while finding the best way to use resources in the value chain.
Furthermore, 34% of respondents say they have already started using digital twins on a large scale to understand and predict their energy consumption and emissions.
52% of consumer products use virtual replicas as part of their sustainability strategy, and 50% of energy and utility companies also use them.
The report notes that organizations using digital twin technology have recorded an average 16% improvement in sustainability metrics.
“By bridging the ‘physical-digital’ divide, digital twins are helping organizations unlock value, bring synergies between data, technologies, and business processes, and are at the heart of Intelligent Industry’s transformation,” said Roshan Gya, head of Capgemini’s intelligent industry.
“Digital Twins offer a unique opportunity for organizations looking to accelerate their journey to intelligent operations while increasing profitability and enabling a sustainable future.”
The release of this report comes after Capgemini and Google Cloud announced a partnership with Tenaga Nasional Berhad (TNB), the largest electric utility in Malaysia.
The partnership aims to design an enterprise-wide Application Programming Interface (API) strategy and implement Google Cloud’s Apigee API Management Platform, enabling the company to create new flexible working methods.
To implement and scale APIs and introduce new agile ways of working to accelerate digital maturity from within, TNB launched an enterprise-wide API adoption program to build in partnership with Capgemini and Google Cloud.
The process involved updating existing API products, expanding internal digital capabilities, and exploring non-regulatory revenue streams from API revenue using an API Management tool.
Capgemini also facilitated a cultural mindset shift to drive API literacy within TNB for better knowledge sharing and collaboration in API development.
