Mumbai, November 24, 2022: HCLTech, a leading global technology company, has been named a Leader in the inaugural edition of Everest Group’s Digital Twin Services PEAK Matrix® Assessment 2022 report.
The report recognizes HCLTech for its vision and its ability to execute and create market impact. It highlights HCLTech’s investments in innovation, focused partnership ecosystem, and global delivery footprint that enable enterprises to design, develop and deploy digital twin solutions. It also calls out clients’ appreciation for HCLTech’s strategic and technical expertise to create differentiated digital solutions that are helping them achieve business goals.
“Engineering technologies like digital twin and thread, when integrated with operational and information technologies, can help enterprises develop market-ready products and monetize them throughout their lifecycle,” said Hari Sadarahalli, Corporate Vice President, Engineering and R&D Services, HCLTech. “This recognition validates HCLTech’s capability to digitize the industrial ecosystem through real-time data and engineering information to enhance and optimize operations while providing enterprises new opportunities in aftermarket services and the rapidly-evolving Industry 4.0 landscape.”
The report acknowledges HCLTech’s emphasis on creating a cognitive enterprise twin enabled by a digital thread, thus creating a ”twin2twin” ecosystem as a component of its digital transformation strategy. It also recognizes HCLTech’s initiative to set up state-of-the-art labs, customer experience centers, and centers of excellence with a dedicated roadmap for integration of engineering technologies to plan, implement and orchestrate the use of operational technologies and information technologies across verticals delivering augmented efficiencies and the ability to scale.
“The need to be digitally unified is increasingly becoming a key priority for enterprises. To this end, digital twins are aiding firms in reducing downtime, improving tracking and tracing of products, and bettering the monitoring of asset conditions by simulating multiple scenarios,” said Alisha Mittal, Vice President, of Everest Group. “HCLTech is helping enterprises dive into the benefits of Digital Twins by offering a strong set of Digital Twin capabilities with its partnership focus across established vendors and specialist players. It also executes strong domain knowledge that helps clients overcome use case-specific challenges to Digital Twin adoption.”