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Blogs|Facility Management

Managing CRE Using Digital Twin Technology

Posted on June 15, 2023|03 Minutes Read
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Digital twin technology revolutionizing real estate industry

Ever got into a demanding situation that expected you to be everywhere? Modern businesses are quite challenging as the processes are more complex and we need technological interventions to make our job easier. Digital twins can be handy in delivering you a digital control to handle operations of any number and any dimension. They enable businesses to increase the performance of buildings, enhance productivity, conserve energy and stay sustainable for the future.

How do they work?

  • Digital twins aid businesses by connecting the entire business operation and speeding up decision-making.
  • The concept works by creating a virtual system that acts as a digital replica of your physical systems and delivers you with a centralized control to handle things with finger taps.
  • It helps you maintain your assets via predictive maintenance in real time, overcoming the disparity of technology, and contributing towards a future low on carbon.

It may be worthwhile noting that digital twins are already being used in 13% of businesses, and in the phase or plan of implementation in 62% of businesses. The reason seems obvious as it delivers a multi pronged approach to help businesses achieve many things such as making the processes efficient and sustainable, ensuring customer satisfaction, cutting costs, and more.

Ever felt tired of manual inspections and wished you had virtual control to manage your commercial space? Manual inspections can be tiring and add to the preexisting complexities of building management operations. Modern businesses are using digital twins to give a virtual touch to their building management.

A commercial real estate may house a corporate business, or a hospitality or retail space, managing which can be a complex endeavor. Digital twins employ technologies such as IoT, AI and analytics to enable businesses to monitor assets and get real-time data to virtually manage operations. They provide a virtual control to monitor assets that are hard to access and ascertain the issues for effective troubleshooting.

Get a better perspective

Section1.099c445c7249586bd93f.webp Managing spaces by holding hard copies of the building in one hand and checklist on the other hand can be exhausting and painful. Digital twins changes this by giving you tools to get an overview of the entire building along with assets so that you can get absolute control of your building. It enables you to point out where exactly the issue has arisen and lets you troubleshoot in shortest turnaround-time.

Find information with ease

Section2.700908bfc554f416e5bb.webp Managing multiple assets and coordinating with vendors for servicing can get tougher, assets malfunction in a commercial space. Searching for details of assets in hard copies for effective troubleshooting would be cumbersome. Digital twins enables businesses to store all the required information about the assets in the virtual devices, thus bringing ease to troubleshooting.

Driving sustainable practices

Section3.da0dd8cf26a6e1347327.webp Sustainability has been the most urgent need in modern businesses to combat climate change. Digital twin technology enables businesses to simulate real life scenarios so that effective corrective measures can be taken for operational efficiencies and sustainable practices. This can be a powerful tool for modern businesses to leverage the power of technology and prepare for the future.

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