Say Goodbye to the Crash Test Dummy? Altair Survey Reveals Digital Twin Technology May Make Physical Prototyping Obsolete in the Next 4-6 Years

Global survey finds widespread adoption of digital twins throughout industries, delivering transformative business influence in product improvement, danger evaluation, and sustainability

TROY, Mich., Sept. 13, 2022 /PRNewswire/ — Altair (Nasdaq: ALTR), a worldwide chief in computational science and synthetic intelligence (AI), right this moment launched outcomes from an unbiased, worldwide survey, which confirms a surge in worldwide adoption of digital twin know-how. The survey of greater than 2,000 professionals gauged digital twin know-how adoption and assessed how organizations – throughout all industries – are using it, its business advantages, and environmental influence.

Video: Say goodbye to the crash take a look at dummy?

While the survey confirmed lots of digital twin know-how’s anticipated advantages, equivalent to extra correct and accelerated product improvement, it additionally revealed this stunning prediction: Two in three respondents (67%) count on digital twin options to make the want for bodily prototypes out of date inside the subsequent six years.

Additionally, respondents reported an overwhelmingly sturdy connection between digital twins and the drive for sustainability. 85% of respondents’ organizations are at the moment utilizing or plan to use digital twin know-how to attain their total sustainability targets.

“There’s little doubt data gleaned from using digital twins gives organizations a world of new insight, helping teams work faster, create better products, generate less waste, and find their next big breakthrough,” mentioned James R. Scapa, founder and chief govt officer, Altair. “But as this study confirms, we are just seeing the tip of the iceberg. The evolution toward a smart, connected everything is changing the world, and as businesses realize the untapped benefits of taking digital twins to the next level, including the convergence of simulation technology, high-performance computing, and AI, the possibilities for revolutionizing industries, business processes, and scientific research are endless.”

• Breakneck adoption charges: According to the survey, companies are adopting digital twin know-how at unprecedented speeds.

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• Nearly three in 4 (69%) organizations are already leveraging digital twins.
• 71% of these companies started investing in the know-how in simply the previous yr.
• Of these organizations not utilizing digital twins, almost half count on their firm to undertake the know-how inside three years.

• A necessity for deeper digital twin understanding is widespread: More than half of respondents acknowledged they’ve restricted data about the know-how or discover it complicated. Many customers (greater than one-third) signaled they’d like to be taught extra about use circumstances, knowledge optimization, convergence, and different points of digital twin know-how.
• Sustainability breakthroughs: The survey discovered digital twins are simulating the manner to a web zero future, as 92% of respondents indicated the know-how has improved sustainability inside their group. Organizations use digital twin know-how for a variety of features and causes, with prime use circumstances together with:

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• 95% to higher inform new product improvement
• 51% to create good objects
• 50% to monitor real-world objects in real-time

• Game-Changing Impact: Respondents reported the place they see the biggest impacts of digital twin know-how:

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• More correct danger assessments, sooner time to market, and improved buyer satisfaction (73%).
• Reduced upkeep and guarantee prices (62%).
• Nearly three in 4 respondents (73%) mentioned the know-how has made their merchandise or processes extra energy-efficient and/or much less wasteful.
• Helping corporations attain their sustainability targets in the environment friendly use of sources (76%), vitality financial savings and saving on working prices (74%), and waste discount (60%).

     Respondents additionally consider digital twin know-how will reshape the manner merchandise are developed in the future:

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• 43% consider digital twins will make the want for bodily testing out of date inside the subsequent 4 years.
• 36% say the product improvement timeline will pace up.
• 33% consider the want for bodily prototypes will probably be lowered.
• 28% say fewer simulations will probably be wanted.
• Respondents from the client electronics, structure, engineering, and building (AEC), and industrial tools sectors had been the probably to say their organizations lowered upkeep and guarantee prices utilizing digital twin know-how.

• International and Interorganizational Impact: The survey additionally discovered the C-suite has purchased into the energy of digital twin know-how, however a big inside disconnect exists between higher administration and user-level respondents:

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• 81% of administration respondents say their group is utilizing digital twin know-how, contrasting with simply 58% of user-level respondents.
• Similarly, 68% of administration responses indicated their firm was using digital twins to meet sustainability targets in contrast to simply 43% of user-level responses.
• From a geographic perspective, India leads nations in the adoption of digital twins in the subsequent two years, at 70%, whereas respondents from the APAC area had been the probably to say their organizations had been already leveraging digital twins at 78%.
• When requested what applied sciences companies most affiliate with digital twins, the U.S. scored the lowest for AI (35%), whereas China (65%) and India (59%) ranked the highest. China and India additionally lead in predictive analytics with digital twins.

Altair carried out the world survey between May 4 and May 24 and drew 2,007 responses from professionals employed all through a number of goal industries who’ve job features starting from knowledge science, the Internet of Things (IoT) and analytics, software program engineering, analysis and improvement, engineering, data know-how (IT)/data methods (IS), product improvement, and govt administration. The pattern consists of individuals from ten nations: the United States, China, France, Germany, India, Italy, Japan, South Korea, Spain, and the United Kingdom.

Click right here to be taught extra about the survey and consider infographics that include standout insights: https://altair.com/one-total-twin.

Altair is a worldwide chief in computational science and synthetic intelligence (AI) that gives software program and cloud options in simulation, high-performance computing (HPC), knowledge analytics, and AI. Altair allows organizations throughout all industries to compete extra successfully and drive smarter selections in an more and more linked world – all whereas making a greener, extra sustainable future. For extra data, go to https://www.altair.com/.

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