digital twins

The real estate industry needs to change its practices. Our productivity has fallen by 19 per cent during the past 50 years, while the average productivity of all other industries has increased by 153 per cent. Our inability to lock in productivity gains has occurred at the same time demand

In the next ten years, globally, we’ll see regulation, accounting and business processes involving the virtual world turned on their head. Here’s why: This is the second in a series of articles aimed at both professionals and the wider community. The first explained the notion of a ‘digital twin’ (a

This is the first in a series of articles aimed at both professionals and the wider community. Its purpose is to showcase current technology, as well as the benefits of ‘digital twins’. The second will tease out the existential risks we are all facing in relying on a virtual world

The CSIRO’s specialist data and digital arm, Data61, will today launch its Mixed Reality Lab in Melbourne. The lab will allow the creation of “digital twins”, the virtual replicas of real life physical objects and systems used for improved production and innovation. Data61’s new Melbourne lab uses a system of

Revenues from Digital Twins (a virtual representation of a connected physical product, process or service across its whole lifecycle) will reach $13 billion by 2023, according to a new study from Juniper Research. This is up from an estimated $9.8 billion in 2019, an average annual growth of 35 per

Thirteen per cent of organisations implementing Internet of Things (IoT) projects already use digital twins, while 62 per cent are either in the process of establishing digital twin use or plan to do so, according to a recent IoT implementation survey by Gartner A digital twin refers to a software