Building Information Modeling from an investor's POV

Technology today has allowed buildings to exist and even function digitally. These digital twins in the virtual world allow planners to develop optimal solutions by virtually running scenarios under realistic operating conditions.

There is little doubt that digital twins will become standard practice for construction projects as BIM becomes broadly embraced despite a number of hurdles that are yet to be cleared. Digitalization offers opportunities for gains in efficiency that are too significant to be ignored.

Mark Tait, Group Executive and Head of Commercial Development for Investa, shares his viewpoint on the topic of digital twins: “As long-term building owners, Investa sees significant value add in the BIM or Digital Engineering approach to new commercial office developments. The benefits extend from early design phase right through to construction delivery and ultimately long-term building operation and management. One of the biggest benefits is the transparency and collaboration across multiple stakeholders and disciplines on large projects. On our projects to date, this approach has proven to save time, reduce waste and increase efficiencies. Most importantly it provides greater certainty on time, cost and quality deliverables, particularly important when pre-committing tenants. We are now selecting our development partners from like-minded companies, like Siemens, who offer, adopt and support Digital Engineering approach to projects.”

“When people speak today about the potential of BIM, they’re focusing primarily on the optimised planning and construction process and the related cost-savings that can thereby be achieved. Here, it’s easy to lose sight of the significant potential offered by the targeted use of the generated data to enhance the buildings’ operations. Ultimately, the costs of operating a building over its entire lifecycle are far greater than the construction costs. Building technologies play a key role in tapping into this potential and optimizing building utilization. While the digital twin is needed initially for planning and construction, it’s also intended to provide the basis for building operations moving forward,” said Eric Giese, Head of Digital Service Centre at Siemens’ Building Technologies Division Germany.

Giese pointed out the potential of online twins to “serve as the basis for a new ecosystem, as services for operating the building can be organized in entirely new ways.”

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