Adoption of digital twin by real estate firms globally 2023
About 15 percent of real estate firms used digital twin technology, according to a 2023 survey among 750 CFOs at major companies worldwide. A digital twin is a virtual model of a building, supercharged with real-time data transmitted through internet of things (IoT) devices. Digital twins help with predictive maintenance, automated operations, and simulate new technologies. Approximately 22 percent of respondents shared that their firm was in early-stage adoption, while 30 percent were piloting the technology. Meanwhile, about eight percent of industry experts were not interested.