Steps to create a functioning digital twin for real estate sector

PropVR
PropVR ...
Dec 19, 2022  . 2 min read
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Define the scope of the digital twin 

Determine what aspect of the real estate property or portfolio you want to create a digital twin for. This could include physical assets such as buildings, infrastructure, or landscaping, as well as non-physical assets such as tenant leases, maintenance schedules, and financial data. Consider the following while identifying the scope.

Real Estate Scope
Real Estate Scope

Gather Data

Gather all relevant data related to the aspect of the real estate property or portfolio you are creating a digital twin for. This may include building plans, blueprints, floor plans, as-built drawings, 3D scans, and other data sources.

Real Estate Plan
Real Estate Plan

Create the digital twin

 Use the collected data to create a virtual representation of the real estate property or portfolio. This may involve using software tools to create a 3D model or other visual representation of the physical assets, as well as integrating non-physical data such as tenant leases, maintenance schedules, and financial data.

Constructing a 3D model of a Building
Constructing a 3D model of a Building

Test and validate the digital twin

Use the digital twin to simulate different scenarios and test its accuracy and reliability. This may involve comparing the digital twin to physical measurements or other data sources to ensure that it accurately represents the real estate property or portfolio.

Comparing a Digital Twin
Comparing a Digital Twin

Implement the digital twin

Once the digital twin has been validated, it can be used in various ways, such as for asset management, facility management, energy management, or to optimize processes and improve decision-making.

Digital Twin Management
Digital Twin Management

Update and maintain the digital twin

Regularly update and maintain the digital twin by collecting new data and incorporating it into the digital twin. This will help to ensure that the digital twin remains accurate and relevant over time. 

Updating Digital Twin
Updating Digital Twin
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Want to get started with Digital Twins for real estate?  Contact us

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