The Digital Twin AEC Platform transforms complex data into business intelligence to reduce inefficiencies, lack of coordination, and wasted time and money in infrastructure projects in AECO.

United States. With the introduction of the Autodesk Tandem, the new digital twin platform, the building owners can start digital and stay digital throughout the project lifecycle, from building design to construction and post-occupancy to operations. The digitization of infrastructure projects would help AEC professionals and their customers to get the most out of their investment, no matter what kind of project that they plan to undertake. Autodesk Tandem harnesses the building information (BIM) data, including BIM geometry files, BIM data, product and equipment data created throughout the project lifecycle and collected from numerous sources, and that data is further utilized to create a true digital twin of the asset.

Without the digital twin, mounds of unorganized data can end up buried in electronic folders, which could be utilized to generate valuable insights. The goal of the digital twin solution launch is help make a change in the performance, management, and operations of infrastructure projects. At the end of the construction, the design and construction teams can provide a comprehensive digital handover to the owners, investors, and developers of the built environment. Autodesk Tandem unlocks the treasure of organizing and standardising data creating a simple and intuitive replica of all components, systems, and spaces in a facility.

On the digital twin launch, Vice President, AEC Business Strategy, Autodesk commented, “If the valuable information created during the design through construction phase disappears at handover, owners will lose money. Autodesk Tandem is a purpose-built tool that gives owners and operators greater insight into their completed project, so that they can make informed decisions to improve performance. We look forward to enrolling our customers into this beta.”

Autodesk is a Founding Member of the Digital Twin Consortium whose members are dedicated to adopting digital twins throughout their project lifecycle. Autodesk is also a member of the Open Design Alliance, a non-profit consortium that offers support to design file formats. Participation of Autodesk in both the organizations is motivated by the company’s effort to openness and improve customer experience in the AEC space.

TechSci research said, “Leveraging digital twins to help away with economies of scale and deliver greater supply-chain efficiency can make modular construction more feasible and align sustainability with design goals. Digital twin is an essential IoT tool to drive performance and innovation and for that reason, companies are using digital twin capabilities in a variety of ways. As the capabilities and sophistication grow, the growth of digital twin market is expected to expand in the coming the years.”

According to TechSci research report on “Global Digital Twin Market By Application (Manufacturing Process Planning, Product Design & Others), By End User Sector (Manufacturing, Energy & Utilities, Transportation & Others), By Region, Competition, Forecast & Opportunities, 2014 – 2024”, Global digital twin market is projected to grow from USD3.1 billion in 2018 to USD17.4 billion by 2024, exhibiting a CAGR of more than 33% during 2019-2024, on account of rising adoption of Industrial Internet of Things (IIoT) and use of virtual model for production line & automate the decision process. Some of the other factors expected to drive global digital twin market include rising adoption of connected devices and Industry 4.0, which refers to the application of mining and data analytics in manufacturing technologies. Moreover, rising technology demand in diverse sectors including energy & utilities, consumer goods and transportation would fuel digital twin market, globally, through 2024.

According to TechSci research report on “Global IoT Device Management Market By Component (Software v/s Service), By Deployment Mode (On-Premise v/s Cloud), By Organization Size (Large Enterprises v/s SMEs), By Application (Smart Retail, Connected Health, Connected Logistics, Smart Utilities, Smart Manufacturing, Others), By Company, By Region, Forecast & Opportunities, 2026”, Global IoT device management market is expected to grow at a robust rate of around 22% during the forecast period. The global IoT device management market is driven by the increasing incidences of cybercrimes and cyber threats which has led to the increase in security concerns within enterprises. This in turn increases the need to deploy IoT solutions for ensuring organizational safety and security thereby driving the growth of IoT device management market during forecast period. Additionally, increasing penetration of communication and networking technologies further fosters the market growth. Furthermore, the extensive adoption of sensors is expected to create lucrative opportunities for the market growth through 2026. However, lack of IT infrastructure and finances in the emerging countries can hamper the market growth over the next few years. Moreover, lack of standardization also impedes the market growth.