News Summary

Digital twin (DT) technology is being increasingly adopted across various industries, with significant interest from C-suite executives. A survey conducted by Hexagon AB, a multinational industrial technology company, revealed that 62% of executives see immense value in DTs, especially in improving efficiency and reducing carbon emissions. Although the architecture, engineering, and construction (AEC) industry ranks lower in perceived value and technology maturity, those who have implemented DTs report cost reductions, revenue growth, and carbon emission reductions. Small and medium businesses with annual revenues below $50 million can also benefit from DTs. The technology, which creates a dynamic digital representation of the physical world, offers potential benefits such as preemptive issue identification and design optimization.