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Market Research Report

Role of Digital Twins in Asia/Pacific (Excluding Japan) Manufacturing Value Chains

Published by IDC Product code 991432
Published Content info 11 Pages
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Role of Digital Twins in Asia/Pacific (Excluding Japan) Manufacturing Value Chains
Published: February 22, 2021 Content info: 11 Pages
Description

IDC estimates that the current spend in Asia/Pacific (excluding Japan) (APEJ) on Internet of Things (IoT)-driven manufacturing applications is around US$11.1 billion. Data will be crucial to ensure that organizations can recognize and realize the value of metrics associated with underlying processes. Digital twins (DTs) in many ways have been a technology that enables manufacturers to leverage the collected data and expand their ability to remotely monitor and track operational performance. This IDC research document highlights the various applications of DTs while providing data points that indicate the current and expected level of technology adoption."Several organizations have DTs as part of their technology road maps, but the existing process gaps limit their scaling aspirations. The process to assimilate and consolidate data streams to provide a comprehensive operational outlook can be extremely demanding but necessary to extract meaningful and implementable insights," says Sampath Kumar Venkataswamy, research manager, IDC Asia/Pacific Manufacturing Insights.

Table of Contents
Product Code: AP46587020

Executive Snapshot

Situation Overview

  • What Is a Digital Twin?
  • Organization Priorities and Business Strategies While Deploying a DT
    • Connectivity Technologies
  • DTs - A Strategic Investment
  • IoT-Related Investments and Spending
    • Case Study 1: Piramal Glass Collaborated with Websym Solutions to Utilize Digital Technologies to Enhance Manufacturing Efficiency
    • Case Study 2: Asian Paints' Implemented Sight Machine's AI Platform to Merge Manufacturing Data from the Production Assets and Convert Several Existing Processes to DTs
    • Case Study 3: Shanghai Automobile Gear Works Utilized General Electric's Proficy Plant Applications and Process Digital to Minimize Inspection Costs

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