The power of the Digital Twins to shake off our emissions in real estate
When the Intergovernmental Panel on Climate Change released its Code Red report a few weeks ago the message finally started to seep through
EY’s white paper Digital Twin: The Age of Aquarius in construction and real estate released in May offered some positive prospects for slashing carbon emissions in the built environment – by up to 50 per cent in fact.
The technology, which models virtual representations of real-world assets and processes and is equipped with the smarts to stay up to date in real time, could also cut real estate operating costs by 35 per cent.
The report flagged the slow uptake of digital technologies in the sector, with companies only now starting to adopt the “very basics” of digitalisation, that might hopefully start to change as the reality of climate change takes its toll.
“With global housing crises, consistently overdrawn budgets and schedules, global warming, pandemics, slowing production, demographic changes, more demanding workers and greater globalisation, the world cannot afford to wait for digital enhancements to mature at the traditional pace,” the report stated.
Four different streams of value are identified by the consultancy: Keeping buildings well maintained and operating smoothly, reducing environmental harm, improving human health and wellness, and boosting productivity.