A majority of industries surveyed by Altair in its new report, 2022 Digital Twin Global Survey Report, are openly embracing “digital twin” technologies for product and operations solutions.
Digital twin technology allows companies to create virtual representations of physical objects, such as people, houses and cars, and can be used to test products and solutions in a more efficient way.
The survey collected responses from 2,007 participants worldwide in organizations with 100 employees or more, representing various industries such as health care, manufacturing, energy, technology, banking, financial services and insurance.
According to the report, 69 per cent of participants said their organization currently uses digital twin technology. Of these organizations, 23 per cent said they started investing in digital twin technology within the last six months. A small number of organizations – 8 per cent – said they were early adopters, investing in digital twins three or more years ago.
Other respondents said they were sure their companies would soon jump on the trend.
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And the report indicates just that. A whopping 92 per cent of respondents that used digital twin technology said it made their products and processes more sustainable.
However, the survey also found that employee education around the technology is lagging, even in companies that are using it.
“Internal and external alignment isn’t possible if people are operating with different definitions of digital twin, or if they don’t have a solid grasp of how digital twin technology works within software and industries,” says the report.
