Strategic Focus: The Value Proposition For Smart Building Digital Twins
10 Oct, 2023
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Executive Summary
Digital twins are emerging in the real estate industry, transforming the way facilities are designed, constructed, operated and managed. This budding technology is unlocking a myriad of opportunities for stakeholders across the real estate value chain – and its maturity will bring further benefits. This report provides real estate professionals – encompassing property owners, investors, facilities managers and architecture, engineering and construction (AEC) consultants – with insights into value propositions for various digital twin implementation scenarios. We assess the future potential of this technology and provide an overview of its current applications. Our report examines the real-world implementations of the technology across a breadth of asset types and use cases. Additionally, it demonstrates how digital twins can assist firms in achieving their overarching goals and address their pain points across distinct building lifecycle phases.
Digital twins deliver tangible value as they establish a foothold in the real estate sector
Digital twins demonstrate their greatest worth in industries with complex assets
Digital twin value increases exponentially as more domains are incorporated
Stakeholders derive distinct benefits from digital twins
Unlocking the full potential of digital twins requires expertise and supplementary services
Digital twins demonstrate their greatest worth in industries with complex assets
Digital twin value increases exponentially as more domains are incorporated
Stakeholders derive distinct benefits from digital twins
Unlocking the full potential of digital twins requires expertise and supplementary services
Figure 1. Digital twin value and complexity matrix for different building types
Figure 2. Digital twins provide value by facilitating the discovery of synergies among diverse domains
Figure 3. The current and future value proposition of digital twins for specific roles in the real estate sector
Figure 2. Digital twins provide value by facilitating the discovery of synergies among diverse domains
Figure 3. The current and future value proposition of digital twins for specific roles in the real estate sector
Amsterdam Airport Schiphol, Arup, Autodesk, Blenheim Palace, Cadillac Fairview, CBRE, Citigroup, Cohesion, Dallas Fort Worth International Airport, Dassault Systèmes, dRofus, Future Facilities, Helse Bergen HF, INTALEQ, Integrated Environmental Solutions (IES), JLL, Johnson Controls, Mater Private Hospital, Nemetschek, Novacene, Parsons Corporation, RIB, ROI Consulting Group, Schneider Electric, Siemens, Siemens Healthineers, Singapore Changi Airport, ThoughtWire, University of Iowa, Vancouver International Airport, Willow, Windover Construction
About the Authors
Amelia Feehan
Senior Consultant, Advisory Services
Amelia is a Senior Consultant within the Advisory Services team at Verdantix. She has several years of experience leading large-scale technology and strategy projects for both...
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Claire Stephens
Research Director
Claire Stephens is a Research Director at Verdantix, leading research into technologies and services shaping the real estate and the built environment, encompassing ...
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