A third of companies have implemented “Digital Twins” to understand and predict energy consumption and emissions throughout the value chain. This is the conclusion of a study by the Capgemini Research Institute. […]
According to the study “Digital Twins: Adding Intelligence to the Real World” by the Capgemini Research Institute, 60 percent of companies in the most important industries are already using digital twins as catalysts not only to improve their operations, but also to fulfill their sustainability agenda. Digital twins can simulate the physical world, thus making better use of resources, reducing CO2 emissions, optimizing delivery and transport networks and increasing the safety of employees.
The study also shows that companies will increase the use of digital twins by an average of 36 percent over the next five years. This indicates a growing interest in the technology of the digital twin in all major industries such as the automotive industry, aerospace, life science, energy and utilities. These are mainly companies that want to drive their digital transformation and make their processes along the entire value chain smarter. The companies surveyed cited cost savings (79 percent) and technological progress (77 percent) as the most important reasons for their investments in the digital twin.
“Digital twins help companies bridge the gap between the physical and digital world. They are at the core of the transformation towards intelligent industry by creating synergies between data, technologies and business processes. It has been proven that companies can improve their operational efficiency, shorten the time to market, open up new revenue opportunities and improve their sustainability efforts,“ says Jan Baran, Chapter Lead Data Modernization at Capgemini in Austria.
Investments in Digital Twins driven by sustainability goals
According to the study, 57 percent of companies believe that the technology of the digital twin makes a decisive contribution to improving sustainability efforts. Which in turn goes hand in hand with your ESG (Environmental Social Governance) goals. Digital twins enable flexible ways of working that minimize risks and promote collaboration. This creates a unique opportunity to increase profitability and at the same time optimize the use of resources along the value chain.
More than a third (34 percent) of the companies surveyed say that they are already using Digital Twins on a large scale to better understand and predict their energy consumption and emissions. The consumer goods industry as well as the energy and utilities industry are leading the way in this respect: 52 percent and 50 percent respectively use the virtual replicas to make their processes more sustainable. Those who are already implementing technologies for digital twins have improved their sustainability scores by an average of 16 percent.