For real estate owners, a building’s value lies in its ability to deliver ROI. This could come from rental income, operational savings, or long-term appreciation. Today, every building can also have a second, equally valuable asset: its digital twin.
A digital twin is more than just a tool. It’s a digital asset that boosts the building’s performance. This performance can mean faster construction, better safety, higher energy efficiency, or smoother operations. Like any physical property in a portfolio, the digital twin offers measurable ROI.
The Digital Twin as Real Estate Asset
In real estate, appurtenances—like HVAC systems or parking lots—add to a building’s value. A digital twin works in a similar way but focuses on data-driven performance improvements. Its value grows over the building’s lifecycle:
- During construction, it reduces delays, enhances safety, and improves decisions with real-time updates.
- During operations, it drives energy savings, predictive maintenance, and efficient space usage.
- Over the long term, it keeps a complete record of the building’s systems, changes, and features.
The digital twin becomes a key part of the property, enhancing its overall financial performance.
Protect your Assets
Like any valuable asset, a digital twin needs protection. You wouldn’t leave a building unlocked or unmonitored. Similarly, the digital twin’s data must be secure, managed, and accessible only to the right people.
- Control Access: Owners decide who can view or edit data. For instance, subcontractors may need temporary access during construction but lose it when the job ends.
- Regular Maintenance: Just as physical buildings require upkeep, digital twins need ongoing updates to stay accurate and secure.
- Reduce Risks: A poorly managed digital twin can create issues like construction delays or operational inefficiencies. Proper security prevents these problems.
Concert: The Golden Thread
This is where Concert comes in. Digital twins achieve their full potential when they’re built on trustworthy and secure data. Concert provides the golden thread that connects the digital twin to its physical counterpart, ensuring smooth transitions from construction to operations.
Here’s how Concert delivers value:
- Transferable Ownership: Concert tracks ownership of digital assets, making handoffs between stakeholders smooth and clear.
- Access Management: Concert lets owners grant and revoke access, ensuring only the right people see or modify data.
- Version Control: Concert keeps a history of all changes. Stakeholders can reference previous versions for clarity and problem-solving.
- Seamless Transitions: From start to finish, Concert ensures the digital twin is ready to enhance building performance.
Turning Digital Twins into Financial Assets
Digital twins aren’t just technical tools—they’re financial assets. They deliver ROI by improving construction, operations, and long-term performance. With Concert, owners can secure, maintain, and leverage their digital twins effectively.
By treating their digital twin with the same care as their physical property, real estate owners can unlock its full potential. This means greater value not just during construction but throughout the entire lifecycle of the building.
