Digital Twins are the solution to a more sustainable future! And it’s all clear in the real estate industry.
So, what is a digital twin, and how can these technologies help urban planners achieve their ESG goals to become more sustainable?
What is Digital Twin Technology?
A 3D digital twin is a digital replica of a real-life physical object, process, or even person – conceptualized in a digital environment. In other words, digital twins simulate and control the functionality and behaviour of virtual objects to understand how they would work in a real-life situation. This way, businesses can analyze and improve their physical counterparts of these objects and update their actual versions.
Digital Twin in ESG and Sustainability
There’s no question that digital twin technologies are the latest innovative tools that help businesses from all industries achieve their ESG goals and become more sustainable. This is especially the case for the real estate sector, where such technologies can take care of the entire building and construction process.
So, here’s how digital twin technology can contribute to ESG initiatives in the real estate industry:
- Environmental Sustainability
The shift toward sustainable practices in real estate is a necessary step forward – especially in 2024. And digital twins are exactly what you need to achieve that. Why exactly? These technologies are all about transforming the way build and manage buildings and properties for a healthier and more sustainable future.
For this reason, digital twins can help urban planners monitor and control resource usage, such as raw materials or energy and water. Businesses can identify inefficiencies and reduce their environmental footprint, which can also be used for environmental impact assessments.
The basic idea of digital twin software technologies is that businesses can control everything virtually. This means you can manage equipment and infrastructure and visualize the construction by simulating various environmental factors. Companies can monitor possible issues – before they even arise by using the predictive nature that digital twins provide.
3D digital twins can contribute to environmental sustainability through resource efficiency, environmental impact assessment, and predictive maintenance.
- Social Responsibility
The virtual nature of digital twins allows for taking care of everyone’s health and safety by controlling and monitoring everything remotely. And this is extremely important when it comes to real estate. Not only does this improve efficiency, but it also eliminates the need for employees to monitor physically potentially hazardous equipment and avoid accidents.
But that’s not all! Digital twins can simulate building designs to ensure accessibility for everyone—individuals with disabilities included. For example, this might include developing a digital projection of the layout of the buildings to create wheelchair access. Plus, in the digital environment, businesses can also monitor community spaces and how to design them to be completely accessible and optimized.
3D digital twins can contribute to social responsibility by monitoring health and safety, accessibility, and design optimization.
- Governance and Compliance
Transparency is crucial in real estate. For this reason, digital twins can help urban planners manage, analyze, and report accurate and real-time data related to ESG initiatives to ensure that everything is compliant. This enables urban planners to ensure that their plans function according to the latest standards and that there are no risks or delays because of it.
Even more so, this transparency facilitates communication and collaboration between urban planners and stakeholders – whether it’s investors, customers, or even regulators. And it’s because of these digital twin software technologies that businesses can build trust with others.
3D digital twins can contribute to governance and compliance through data management, stakeholder communication, and risk management.
Real estate companies all over the world have started introducing digital twins into their operations. So, get ready for a more sustainable future in real estate!
Drive Sustainability with Bright Spaces 3D Digital Twins
Implementing eco-friendly solutions has become a top priority for real estate companies, developers, and organizations worldwide. This is why it’s time to introduce Bright Spaces’ innovative 3D Masterplan, which allows you to impact your ESG goals while enhancing your business performance.
Our 3D Digital Twin solution supports ESG through our Virtual Tours, Digital Brochure and Digital Contract Signing features. With Virtual Tours, we help reduce greenhouse gas emissions, pollution, and waste by offering a digital alternative to physical property visits. Additionally, we support social distancing, mitigate health risks associated with on-site visits, and promote corporate transparency through easily accessible web-based tours while ensuring data protection compliance. On the other hand, our Digital Brochures not only combat climate change by reducing paper usage but also offer a user-friendly, universally accessible experience, fostering engagement and transparency. Lastly, our Digital Contract Signing feature reduces paper consumption, enhances working conditions by minimising physical meetings, and fortifies governance by improving document traceability, reducing the risk of unethical practices.
Book a free demo today and find out how Bright Spaces can be the key to a more sustainable real estate industry and help you achieve your ESG goals!
