Smart Buildings

German PropTech Startups Leverage Digital Twin Innovation in Smart Commercial Buildings

This article was written by Daphne Tomlinson, Independent Senior Research Associate at Memoori. More than 200 PropTech startups are active in Germany. With numbers growing by 82% last year, the German real estate sector is seen as an attractive market for new entrants. Smart building innovators are well positioned within the Manage and Operate phase of the real estate life cycle. According to the January 2019 analysis, the Smart Buildings and IoT category lists 41 companies and Real Estate Management accounts for a further 31 firms, together accounting for over 30% of the 226 PropTech startups in Germany. The digital twin approach, defined as the creation of a digital replica of a physical entity which continuously learns and updates itself, is moving beyond manufacturing applications into building optimization. We have covered the topic previously: Creating smart buildings through digital twins and many stakeholders, not only startups, see the approach as a fundamental game changer […]

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