Technology Magazine May 2023 | Page 5

FOREWORD Digital twins playing a key role in overcoming sustainability challenges

Sustainability may have been on the public agenda for years , but it has taken the introduction of ambitious sustainability goals by governments around the world to push the topic to the top of corporate and government agendas

“ Digital twins can be a company ’ s most effective tool for ensuring compliance with ESG goals ”

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As our physical and digital worlds converge , digital twins can play a key role in helping society to overcome some of its most urgent sustainability challenges .

A way to model and understand how to reduce energy consumption and emissions so organisations can test scenarios to reach sustainability and climate goals , research from Capgemini last year found that 57 % of organisations believe digital twin technology is critical to improving sustainability efforts .
With increasing adoption of digital technologies across all industry verticals , digital twins can be a company ’ s most effective tool for improved mitigation strategies and ensuring compliance with their ESG goals . As Dr Phani Bhushan Sistu , IoT Solutions Lead at Hitachi Vantara told me this month , digital twins are a valuable tool for improving business infrastructure , products , and processes – both existing and new – to meet ESG mandates .
And with the digital twins market projected to grow 10-fold within the next five years , organisations will have to move quickly to meet critically-important ESG goals .
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