Digital twins set to save cities $280 billion
Digital twin technology is expected to lead the way in transforming our cities, saving billions in running costs, and assisting towards net-zero targets.
A report by global tech market advisory firm ABI Research, says the cost benefits alone could be worth US$280 billion by 2030 through using digital twins for more efficient urban planning.
“Digital twins will become the ultimate tool for city governments to design, plan and manage their connected infrastructure and assets in an efficient and cost-effective way,” said Dominique Bonte, Vice President End Markets at ABI Research.
“Cost savings can be obtained in key areas, such as energy and utilities, transportation, safety and security, and infrastructure (roads/buildings). However, urban digital twins also offer many other advantages in terms of supporting and improving sustainability, circularity, decarbonisation, and the overall quality of urban living.”
The report details potential efficiencies across a wide range of asset categories and use cases:
First-time suitable designs of buildings and other physical infrastructure, avoiding expensive modifications after completion
Energy-efficient building designs maximising solar capacity and yielding lifetime energy savings
Resilient and safe infrastructure designs reducing policing and emergency response costs
Optimised designs of utilities, streetlight, and surveillance networks to achieve the same coverage target with less CapEx
Design of COVID-19-proof buildings to deliver healthcare savings
Digital twins enable efficient e-government through seamless exchange of data with citizens for mediation purposes.
Cityzenith has featured in this research alongside Siemens, Microsoft, and Engie, and recently joined the World Economic Forum’s Top 100 Global Innovators community.
Digital twins becoming an essential
Cityzenith Founder and CEO Michael Jansen commented after reading the report: “As an architect by trade, I know how inefficient and over budget the built environment has been over the last 30 years or more, often causing delays in completion and inefficient use of materials due to the industry’s lack of data and technology.