Hexagon Releases 'The Digital Twins Industry Report'

Hexagon, a multinational industrial technology company that supports organizations in their asset management and lifecycle, recently surveyed over 650 c-suite executives and their teams for its “The Digital Twin Industry Report,” on how they are utilizing digital twins and the connection between technological maturity and organizational success. 

• Of those without a digital twin, only 19% of respondents expect the technology to be able to significantly increase collaboration.

• However, 44% of respondents with a digital twin cite increased collaboration as a benefit they are already seeing—a difference of 25 percentage points.

• Further, those with integrated digital twins cited three more benefits on average than those with a standalone twin.

• Digital twins are having a sizeable impact on organizations financial health, with both a 19% average cost saving and average revenue growth.

• Additionally, 8 out of 10 organizations say their digital twin is helping reduce their carbon emissions, 15% on average, with 38% seeing significant carbon emission reduction.