What is the Real Bottom Line With Digital Twins?

Abstract

Not only are highly advanced buildings using improved digital twin technologies, office or warehouse owners also are looking to update how they manage. Increased levels of technology inside homes allows additional data analysis and a growing need for digital facility management companies to monitor and manage them. A digital twin is a digital model, in this case of a building, that provides information and alerts about its maintenance status. For several years already, different industries have been monitoring their machines and buildings through digital twins, models or systems allowing them real-time control. Only 10% of companies can really reveal return on investments in digital twin technology, Burbach wrote last year on the Siemens Advanta website. If a real estate company wants something like a real-time alert or a predictive system, it must have and provide collected data in a readable and digital way. Therefore sophisticated processes need a strong data basis: they can't have, like often happens, scattered system with some data on digital support, some on paper and even some only known by users.