Digital twins for the built environment
An introduction to their opportunity, benefits, challenges and risks
The global digital twin market was valued at USD $3.8bn in 2019 and is expected to reach USD $35.8bn by 2025. Half of all large industrial companies are predicted to be using them in some form by 2021, which is expected to result in a 10 per cent increase in effectiveness.
The engineering industry now largely see the need for digital twins, but varying definitions and interpretations of what constitutes one is complicating development and adoption.
The white paper presents a clear and industry-agnostic maturity spectrum to address this, with requirements and outcomes defined by six elements of development.