Consistent with the fourth industrial revolution, investment in technological automation has evolved from speculation to a critical task. Digital twins are at the forefront of this movement.
Pioneers in the fields of healthcare, energy, and transportation are pushing for initiation and awareness raising. From the global market size of 3.1B USD in 2020 to 2026.1, the digital twin is expected to reach 48.2B USD The top management often ignores the concept of digital twins due to concerns about the unknown or concerns about early investment.
However, disasters such as COVID-19 and climate change require global attention; it is no longer the frontline activists who seek corporate action. Recurring market disruptions are now forcing business executives to consider out-of-the-box methods to respond to challenges with greater agility and speed. Blackrock, a company that manages assets of more than 9T USD, has taken sustainability and climate change as a factor of investment risk. 2 Such measures will require industry leaders to make greater commitments to these hazards. Technologies like digital twins provide a practical way to digitize process-driven operations while laying the foundation for long-term global challenges.
Architecture and the built environment are also beginning to realize this opportunity. Digital twins have four important value propositions in the built environment: Building maintenance and operation Environmental impact and sustainability Health and wellness Staff improvement and real estate interface This white paper provides an overview of digital twin technology and why C-level leaders should start adopting digital twins as a channel for digital real estate strategies today.
News Source : Construction Placement
